Is OPEC’s production cut a viable measure to halt falling crude oil price by GlobalData

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									Is OPEC’s production cut a viable measure
to halt falling crude oil price?

                                                                                Reference Code: GDGE0583VPT

                                                                                Publication Date: NOV 2008




Energy Viewpoint                                                              GDGE0583VPT / Published NOV 2008
© GlobalData. This brief is a licensed product and is not to be photocopied                                  Page 1
Table Of Contents




1           Table of Contents

1      Table of Contents                                                                                    2

1.1       List of Figures                                                                                    4


2      GlobalData Viewpoint                                                                                 5

2.1       Summary                                                                                            5


3      Is OPEC’s production cut a viable measure to halt falling crude oil price?                           6

3.1       Declining Oil Price to Challenge OPEC Oil Export Revenue                                           6

3.2       1.5 million barrels output cut will not elevate oil price                                          7

3.3       Conclusion                                                                                         9


4      Recent Developments                                                                                 10

4.1       Oct 17, 2008: Venezuela's Oil Production Goes Down To 2.4 Bpd                                     10

4.2       Oct 10, 2008: OPEC To Discuss Production Cut At November 2008 Meeting                             11

4.3       Sep 09, 2008: OPEC To Reduce Oil Output By 520,000 Bpd                                            11

4.4       Sep 09, 2008: Iran Not To Go Ahead Against OPEC Decision                                          12

4.5       Sep 08, 2008: Gulf Countries To Boost Oil Production By 10 Million Barrels A Day                  12

4.6       Aug 25, 2008: Kuwait To Pump 3 Million Bpd In 1H 2009                                             12

4.7       Aug 12, 2008: Saudi Oil Production Rises By 250,000 Bpd In July 2008                              13

4.8       Jul 11, 2008: Qatar Says There Is No Need For Additional Saudi Oil                                14

4.9       Jul 01, 2008: Saudi Arabia To Pump More Oil, But Not To Sell At Discount Rate                     14

4.10      Jun 23, 2008: Saudi Arabia To Raise Its Crude Oil Production                                      15

4.11      Jun 17, 2008: Saudi Arabia To Spend
								
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