Peak Oil in the News

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Peak Oil News Thursday December 14th 2006

OPEC to cut oil output
(Reuters via Yahoo! News: Thu, 14 Dec) OPEC has agreed an oil output cut of 500,000 barrels per day, or two percent, delayed until February1 when the northern winter is ending, the group said on Thursday, sending oil prices above $62.

OPEC decides on output cut, sends oil prices higher
(AFP via Yahoo! News: Thu, 14 Dec) OPEC ministers meeting in Nigeria have announced a production cut of 500,000 barrels per day from February 1 and welcomed in new member Angola, the second-biggest oil producer in sub-Saharan Africa.

OPEC to cut oil output by 500,000 bpd from Feb 1
(Reuters via Yahoo! News: Thu, 14 Dec) OPEC has agreed an oil output cut of 500,000 barrels per day, or two percent, delayed until February1 when the northern winter is ending, Qatar's oil minister said on Thursday, sending oil prices more than a dollar higher.

OPEC steers toward 500,000 bpd oil cut from Feb
(Reuters via Yahoo! News: Thu, 14 Dec) OPEC is discussing an oil output cut of up to 500,000 barrels per day, delayed until February1 when the northern winter is ending, delegates said on Thursday.

OPEC meets, may steer away from immediate oil cut
(Reuters via Yahoo! News: Thu, 14 Dec) OPEC was considering on Thursday delaying an oil output cut until the northern winter has passed, responding to the calls of importer nations' afraid supply curbs now will drive prices higher and hurt their economies.

Oil jumps after OPEC sets fresh supply cut
(CNN Money: Thu, 14 Dec) Cartel has agreed to cut oil output by 500,000 barrels a day, or 2 percent, but not until February.

OPEC to meet, may steer away from immediate oil cut
(Reuters via Yahoo! News: Thu, 14 Dec) OPEC meets on Thursday to set oil output policy through winter, under pressure from importing nations to steer away from an immediate cut that risks pushing up prices and damaging economic growth.

OPEC to meet, may steer away from oil output cut
(Reuters via Yahoo! News: Thu, 14 Dec) OPEC meets on Thursday to set oil output policy through winter, under pressure from importing nations to steer away from a further cut that risks pushing up prices and damaging economic growth.

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