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Mens vi venter på OPEC
16.03.2001 11:51

Nå er det like før Opec kommer med sin melding om Kutt.

Blir det 1 million fat/d vil det bli en stabilitet i oljemarkedet og med priser på + - 25 dollar.

Dette vil gi en forutsiktig pris for all oljerelaterte foretak og burde gi et løft for disse.

FÅR se..
16.03.2001 11:53

Mulig jeg tar feil men i etterkant av slike nyheter så synes jeg at umiddelbart får man motsatt effekt dvs prisfall. Spenningen er utløst og man tviler kuttets effektivitet.

16.03.2001 18:32

nå ser det ut til at kuttet blir som vi har hørt

03/16 12:14
OPEC Agrees to Cut Production for 2nd Time This Year

By Sean Evers, Alison Flint, Patrick Gordon, Alex Lawler and Stephen Voss

Vienna, March 16 (Bloomberg) -- The Organization of Petroleum Exporting Countries has agreed to lower oil production for a second time this year in a bid to underpin prices as demand slows, ministers said.
The exact size of the cut was undecided, with ministers debating a range of 800,000 to 1.2 million barrels a day and 1 million the most likely outcome, an OPEC delegate said. Such a move would eliminate as much as 4.3 percent of the group's oil output. Oil ministers said their discussion may last to tomorrow.

``The situation isn't so easy,'' said Ali Rodriguez, OPEC secretary general. ``For the time being, we haven't got a consensus. The delay is caused by some ministers who need to consult with governments, and we also want the non-OPEC producers to support the final OPEC agreement.''

Oil prices gained for a second day, advancing almost 4 percent to $25.95 a barrel in London, threatening to further harm a world economy already suffering from rising energy costs and declining consumer confidence. OPEC's plan may backfire if energy costs damage the emerging economies of Asia, the biggest market for Middle East crude, analysts said.

A Mexican oil official in Vienna said his country planned to participate in the accord, while OPEC also sought help from allies such as Angola and Oman. Norway, which in the past has cooperated with OPEC, has said it has no plan to lower production.

Ministers gathered this evening at the OPEC headquarters after informal talks earlier today in the hotel suite of Chekib Khalil, OPEC president and Algeria's oil minister.

Iran's oil minister, Bijan Namdar Zanganeh, emerged from the earlier meeting and said a consensus had been reached and an accord would be announced tomorrow, declining to comment further. Khalil later said ministers were still in negotiations.

``It's going to be a long and hard meeting,'' Khalil said.


The group seeks $25 for its benchmark oil price, above yesterday's $22.77. OPEC nations, which can receive 80 percent of government revenue from oil sales, fear a drop in prices during the second quarter of the year, normally a weak period for demand after the U.S. and European winter but before their summer travel seasons.

Some economists, and even oil executives, have said OPEC should lower its price target to ease the pain from current oil costs, particularly in emerging economies.

Even developed countries are suffering. In Japan, the benchmark Nikkei 225 stock index is near its lowest level in 16 years, while in the U.S. the Standard & Poor's 500-stock index is off almost 20 percent in the past year.

OPEC's debate ``is very finely balanced,'' said Bruce Evers, an analyst at Investec Henderson Crosthwaite in London. ``If they cut too much, they could plunge the world into recession. If they cut too little, they will suffer.''

Member-nations have been split on size of their cut. Indonesia has called for a reduction of as much as 2 million barrels a day. Saudi Arabia wants one closer to 800,000 barrels a day though may go to 1 million, Platt's Global Alert said, without citing its sources.


Benchmark Brent crude oil in London gained as much as 94 cents to $25.95 a barrel. In New York, where a better-quality oil is traded, crude rallied 93 cents to $27.48 a barrel.

Stung by oil prices below $10 a barrel as recently as 1998, OPEC is determined to prevent a decline. Last year, the group increased shipments to stem a rise in oil prices, which reached a 10-year high of $35.30 a barrel in October.

A European Union official criticized OPEC for trying to push up prices while world economies were struggling.

``We are not sure that it's the right time to (cut) and that there is sufficient reason to do it,'' said Gilles Gantelet, European Commission energy spokesman.

While Western governments complain of high oil prices, OPEC nations counter that importing countries should slash energy taxes. In the U.K., taxes are about three-quarters of the 80 pence- per-liter price ($4.33 a gallon) of gasoline at the pump.

Additionally, once adjusted for inflation oil prices in the past decade are little changed. Compared with 20 years ago, after the Iranian Revolution pushed crude close to $40 a barrel, the inflation-adjusted cost is down more than 60 percent.

Iraq, the only OPEC member not to have a production quota, yesterday said the others should cut by 1.5 million barrels a day. Iraq sells its oil under United Nations oversight after the country's 1990 invasion of Kuwait.

16.03.2001 19:02

TV 2 bekrefter et kutt på 1 mill fat...er det nok..?
16.03.2001 19:29

Oil Service og de andre oljeindeksene er de som går best i usa akkurat nå.

se her

[Endret 16.03.01 19:33 av GJ]
17.03.2001 16:23

(VG Nett) Organisasjonen for oljeproduserende land (OPEC) besluttet lørdag å kutte produksjonen.

SKYLDER PÅ ANDRE: OPECs president Chakib Khelil mener ulike regjeringer har hovedansvaret for de høye oljeprisene. Algerieren mener de høye avgiftene på oljen ødelegger for forbrukerne. Foto: AP

Kuttet vil bli på en million fat per dag, og får virkning fra 1 april. Dette ble offentliggjort på OPECs konferanse i Vien.

- Organisasjonen har besluttet å stabilisere markedet. Den svake verdensøkonomien og den sviktende etterspørselen bidrar begge til at vi må gjøre en korreksjon, heter det i en pressemelding fra OPEC.

De 11 medlemslandene la til i uttalelsen at man vil følge markedet nøye, og straks fatte nye vedtak om situasjonen forandrer seg.

Kutt på en million fat per dag utgjør omlag 4 prosent av hele OPECs produksjon. Organisasjonen står for 40 % av oljeproduksjonen på verdensbasis.

Kuttet kommer tross advarsler fra vestlige regjeringer og analytikere om at det kan føre til konjukturnedgang i verdensøkonomien.

Vanskelig å spå

OPECs generalsekretær Ali Rodriguez avfeide ekspertenes bekymringer om at prisene nå vil skyte i været.

- Det blir en god pris både for produsentene og forbrukerne, mente Rodriguez.

Organisasjonens president, Chakib Khelil, var mer opptatt av å skylde på de ulike mynidighetene enn å ta kritikk på OPECs vegne.

- Forbrukerne betaler ikke bare for råoljen. De betaler også skatter, og de er høye i EU og USA.

Oljeprisen steg fredag i påvente av OPECs beslutning. Få eksperter tør spå hva som skjer når markedet åpner mandag. Etter at oljeprisen var på rekordhøye 35 dollar i fjor har kursen stabilisert seg på omlag 25 dollar den siste tiden.

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