Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:43, September 21, 2005
Oil prices fall as OPEC to supply more
font size    

Crude-oil prices fell Tuesday as OPEC make available 2 million extra barrels of oil a day and traders took profits gained from a new hurricane threat.

Light, sweet crude for October delivery, New York's main contract, declined 1.16 dollars to close at 66.23 dollars a barrel, after a jump of 4.39 dollars in Monday,

Brent crude on London's International Petroleum Exchange fell 1. 41 dollars to settle at 64.20 dollars a barrel.

The US National Hurricane Center upgraded Rita to a Category 2 hurricane Tuesday afternoon. The storm, sweeping across the Florida Keys, could reach Category 4 strength as it crosses the Gulf of Mexico.

Chevron Corp., Shell Oil, BP PLC, Apache Corp., Anadarko Petroleum Corp., Marathon Oil Corp. and drilling contractor Transocean Inc. had evacuated workers from various oil facilities in the Gulf as of late Tuesday.

The U.S. Minerals Management Service said more than 58 percent of daily oil output in the Gulf was blocked Tuesday due to disruption from Katrina and evacuations ahead of Rita, up slightly from 56 percent Monday.

The Organization of Petroleum Exporting Countries agreed Tuesday in Vienna, to make available 2 million extra barrels of oil a day to reassure markets edgy over supplies for the winter and storms threatening refineries along the U.S. Gulf Coast.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- OPEC ministers agree to offer extra oil

- OPEC to lift output ceiling by two million bpd "whenever necessary"

- OPEC president stands for raising oil output quota

- OPEC to discuss options for stability of oil market

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved