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Odessa American in Odessa, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

May 18, 2004

Page

8

OPEC urged to raise output beyond target amid oil surge

Oil prices near 42 dollars a barrel as markets weigh Saudi calls for higher output. Analysts say OPEC must add real barrels, not just lift targets, to ease rising crude costs while political turmoil in Iraq and Middle East tensions loom. A senior OPEC delegate hints at considering a larger target increase than Saudi initial proposal.

London OPEC Organization of Petroleum Exporting Countries Saudi Arabia Amsterdam North Sea Brent Iraq Oilrich Middle East Izzadine Saleem

Oil prices rise on June crude settle at 41.55 on NYMEX

Oil for June delivery settled at 41.55 per barrel on the New York Mercantile Exchange as near month prices for light sweet crude moved higher on Monday. The report notes continued gains in energy markets and calls out the price level for the benchmark contract.

OPEC Leo Drollas Center For Global Energy Studies London New York New York Mercantile Exchange

Dow falls over 100 points on Iraq council head assassination

Wall Street sank as Iraq governing council president Izzadine Saleem was killed in Baghdad in a car bombing. The Dow dropped 105.96 points to 9906.91 and other indices fell amid global volatility. Oil rose and the dollar slid as markets reacted to Middle East violence and political events in India and Japan.

New York Wall Street Iraq Middle East India Japan Bush Izzadine Saleem Baghdad Brian Pears Victory Capital Management Standard & Poor Europe Britain France Germany

Also Mentioned on This Page

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