China Financial Daily

November 9, 2008

OPEC: Oil Prices and Crude Oil Production

Filed under: Financial News — Tags: , , — Nancy @ 8:51 pm -0800

OPEC considers a further decline in production to stop the fall of oil prices
OPEC rotating president, Algerian Energy and Mines Minister expressed on October 8 that if the reduction plan announced in October by OPEC could not stop the decline in oil prices, PEC members would carry out a new round of production reduction.

Platts energy information Survey: in October, OPEC daily crude oil production fell to 32.26 million barrels
Platts energy information (Platts) released a survey result on Organization of Petroleum Exporting Countries (OPEC) and oil industry officials, it showed that average crude oil output in October was 32.26 million barrels, which reduced 0.21 million barrels compared with the number in September.

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November 8, 2008

Sinopec oil together in Kunming dropped in oil prices

Filed under: Financial News — Tags: , — Nancy @ 3:55 am -0800

China National Petroleum Corporation in the Queensland of Kunming with promotional price of petrol filling stations and changed 3 times in the price for several hoursYesterday morning, in the West Road the oil station of China National Petroleum Corporation for the first time adjusted price, 93 # gasoline up to 5.76 yuan / liter.

Sinopec oil together in Kunming dropped in oil prices by 5 minimum to 20 cents max From yesterday, following a number of private enterprises, joint-stock companies taking the lead in gas prices down, Sinopec, China National Petroleum Group, the two parts of the gas station in Kunming have joined the ranks of the prices down.

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