Oil Prices Will Stay Put, OPEC Says
December 12, 2010
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OPEC ministers decided on Saturday to keep oil output at current levels, citing ample inventories amid persisting global economic uncertainty and a price of just under $90 a barrel.
The 12-member cartel said after a meeting that it based its decision on projections showing demand for crude would grow more slowly in 2011 than this year.
Its statement also cited the “challenging risks to the fragile global economic recovery” including “fears of a second banking crisis in Europe.”
They discussed whether oil would soon broach the psychological price barrier of $100 — or even climb nearer its 2008 historic peak of $147 a barrel.
The “no-change” announcement was widely anticipated and four of the cartel’s ministers — from Iraq, Kuwait, Qatar and Nigeria — did not even make the trip, sending lower-level delegates instead
AP
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1:46pm | Djoko Says ‘I Don’t Care’ Abou...
Anon on step further. Arrest Habib, munarman and play lady gaga 24/7 in thier cell..... -
1:44pm | AGO Slow in Responding to BPK ...
exbrit; correct, we are reminded EVERY single day that CRIME PAYS! -
1:42pm | Indonesian Police Consider Ton...
Cattlecarnage; thanks, but all that is reported here to during the last 2 weeks. Odd is however that asiansentinel is blocked by Indosatnet -
1:30pm | National Exams' ‘Fantastic’ Pa...
Indonesian Schools National Curriculum: reading, writing, arithmetic, geography, history, maths, religion, lying, cheating, corruption. -
1:21pm | Indonesian Police Consider Ton...
http://www.asiasentinel.com/index.php?option=com_content&task=view&id=4535&Itemid=202 There have long been questions in Jakarta over -
1:20pm | AGO Slow in Responding to BPK ...
Amazing isn't it, and the kids from Islamic boarding schools are sent onto the streets to protest against Western Devil Performers. The Devils in -
1:15pm | Jakarta Police Prepare to Depl...
Fudloli Mohammad Ruham might I suggest that you and your pupils, who's minds you have perverted with lies, read this - http://www.looktothestars.o -
1:06pm | Djoko Says ‘I Don’t Care’ Abou...
What President? what Democracy? what rights? This Country is going down fast without leadership at all. With no Countryman who takes their hearts i
