At $35/bbl, OPEC still frets over price plunge

US oil futures prices have passed the $35/bbl threshold again, and the Organization of Petroleum Exporting Countries still frets that a price collapse may loom in the second quarter.OPEC oil ministers in mid-January were insisting that a production quota cut still may be necessary, although they said would take no action until the group's Feb. 10 ministerial meeting in Algiers.Kuwaiti Oil Minister Sheikh Ahmad Fahd al-Sabah's comments to reporters Jan. 17 in effect added up to: That's our story, and we're sticking to it.OPEC's storyAl-Sabah was reported as saying that, while the price of oil has remained above OPEC's official target price band of $22-28/bbl for a b...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected