Traderboersenboard - Einzelnen Beitrag anzeigen

Goldfisch · 08-03-2005, 07:13

OPEC satisfied with prices: Iran

TEHRAN: OPEC member states are ‘satisfied’ with current crude prices and production levels are likely to remain unchanged when the cartel meets again next week, Iran’s OPEC representative said Monday.

"We are satisfied with the current price level and we don’t think we should go back to the price range of $25 a barrel," Hossein Kazempour Ardebili told reporters.

"We are all agreed and recognise the suspension of the (22 to 28 dollar) price band," which the Organisation of Petroleum Exporting Countries tried to implement before prices shot up last year, he said.

"At the same time we tacitly go along with the market fluctuation and we are all agreed that changing the prices under the current situation is not appropriate."

Ardebili told reporters that ministers from the 11-nation cartel were all but certain to leave production unchanged when they meet on March 16 in the Iranian city of Isfahan.

"The function of increasing the oil production quota is probably not relevant given the fall in demand in the second quarter of the year. It does not make sense to add another million barrels to the supply at least in the short term."

"And if we cut now, this may send the wrong signal to the market," said Kazempour, Iran’s nominee to be the cartel’s next secretary general.

Oil prices fall: World oil prices eased on Monday amid profit taking and calming comments from the OPEC president, after surging last week on frenzied speculative buying, dealers said.

New York’s main contract, light sweet crude for delivery in April, fell 45 cents to $53.33 a barrel in electronic dealing.

It had surged by as much as $2.15 to $55.20 a barrel last Thursday — a level approaching the all-time high of 55.67 hit on October 25.

In London on Monday, the price of Brent North Sea crude oil for delivery in April dropped 40 cents to $51.40 a barrel.

It had reached a new historical record on Thursday after soaring at one point by as much as $1.78 to reach a new high point of $53.

Oil prices eased on Monday on profit taking and comments from the president of the Organisation of Petroleum Exporting Countries (OPEC).

The world oil market was well supplied and OPEC was committed to maintaining stability and adequate supplies, OPEC president Sheikh Sabah Al-Ahmed Al-Sabah said on Monday.

The organisation had watched the OPEC reference basket price of oil rise by more than $8.5 a barrel since February 8 to $48.36 on Friday, he said.

"OPEC is concerned about this price development despite the fact that the market is well supplied and global crude oil stocks have continued to build, now standing above their five-year average," he said in a statement.

"OPEC is committed to maintaining stability and ensuring that global markets remain well supplied at all times," the statement said.

08-03-2005, 07:13	#26
Goldfisch TBB Family Registriert seit: Mar 2004 Ort: NRW Beiträge: 2.309	OPEC satisfied with prices: Iran TEHRAN: OPEC member states are ‘satisfied’ with current crude prices and production levels are likely to remain unchanged when the cartel meets again next week, Iran’s OPEC representative said Monday. "We are satisfied with the current price level and we don’t think we should go back to the price range of $25 a barrel," Hossein Kazempour Ardebili told reporters. "We are all agreed and recognise the suspension of the (22 to 28 dollar) price band," which the Organisation of Petroleum Exporting Countries tried to implement before prices shot up last year, he said. "At the same time we tacitly go along with the market fluctuation and we are all agreed that changing the prices under the current situation is not appropriate." Ardebili told reporters that ministers from the 11-nation cartel were all but certain to leave production unchanged when they meet on March 16 in the Iranian city of Isfahan. "The function of increasing the oil production quota is probably not relevant given the fall in demand in the second quarter of the year. It does not make sense to add another million barrels to the supply at least in the short term." "And if we cut now, this may send the wrong signal to the market," said Kazempour, Iran’s nominee to be the cartel’s next secretary general. Oil prices fall: World oil prices eased on Monday amid profit taking and calming comments from the OPEC president, after surging last week on frenzied speculative buying, dealers said. New York’s main contract, light sweet crude for delivery in April, fell 45 cents to $53.33 a barrel in electronic dealing. It had surged by as much as $2.15 to $55.20 a barrel last Thursday — a level approaching the all-time high of 55.67 hit on October 25. In London on Monday, the price of Brent North Sea crude oil for delivery in April dropped 40 cents to $51.40 a barrel. It had reached a new historical record on Thursday after soaring at one point by as much as $1.78 to reach a new high point of $53. Oil prices eased on Monday on profit taking and comments from the president of the Organisation of Petroleum Exporting Countries (OPEC). The world oil market was well supplied and OPEC was committed to maintaining stability and adequate supplies, OPEC president Sheikh Sabah Al-Ahmed Al-Sabah said on Monday. The organisation had watched the OPEC reference basket price of oil rise by more than $8.5 a barrel since February 8 to $48.36 on Friday, he said. "OPEC is concerned about this price development despite the fact that the market is well supplied and global crude oil stocks have continued to build, now standing above their five-year average," he said in a statement. "OPEC is committed to maintaining stability and ensuring that global markets remain well supplied at all times," the statement said. __________________ "Es gibt tausende Möglichkeiten, sein Geld auszugeben, aber nur zwei, es zu erwerben: Entweder wir arbeiten für Geld oder das Geld arbeitet für uns." Bernhard Baruch Geändert von Goldfisch (08-03-2005 um 07:16 Uhr)