Minister of Energy and Mining Chakib Khelil of Algeria

OPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OPEC president Chakib Khelil said Saturday.

htm"||RecommendOPEC president: Oil cuts likely if no price rally11/08/2008 10:56 AM By Alfred De Montesquiou, Associated Press WriterOPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OPEC president Chakib Khelil said Saturday.

Khelil said that a "fair price" for oil should be around $70 to $80 per barrel the benchmark for several OPEC members below which they lose money on production.

Minister Khelil comes with a wealth of international experience.

Oil prices will stay high all summer due to refinery constraints and high demand internationally, Algerian Energy and Mines Minister Chakib Khelil said in remarks published Wednesday.

Algeria's Energy and Mines Minister Chakib Khelil said Monday there was "not much" OPEC could do to bring down high oil prices as global crude oil stocks were already sufficient.

Tags: Economy, Energy, Oil, Iran, OPEC, barrel, President, US.

OPEC's President Chakib Khelil said oil ministers will maintain current levels of production despite a 30 per cent decrease in the price of oil since last July's high of $147.

that moderate cuts could leave OPEC nations sharing their fate.

Khelil said today in an interview in Limassol, Cyprus.

conference of European and Mediterranean energy ministers which starts tomorrow.

the United States Trade and Development Agency.

Algeria's Energy and Mining Minister Chakib Khelil said Saturday his country is about to increasing gas deliveries to European nations if conditions permit.

We have long-term contracts with various partners in Europe," Khelil said after talks with More Chakib Khelil New Stories Algerias Disappointing Gas-Plots Auction - BusinessWeek Blog Source: rss.

dollar, Khelil says that investors are likely to continue to place their bets on oil, a necessary commodity.

OPEC president Chakib Khelil said Tuesday the oil cartel was concerned about future demand, underlining that the cartel is in no mood to pump more crude to cool record prices.

Khelil is a key figure in the liberalization of the oil industry in Algeria, and he has a frank discussion with MME's John Defterios about spiraling prices and global energy demand.

Clemens was far from being in the 'twilight of his career' or 'washed up' in 1996, as some have speculated.

meeting before March if it sees that global oil prices continue to slide because of weakening demand, OPEC's President Chakib Khelil said on Tuesday.

Khelil said he expected OPEC members to fall in line quickly with the group's latest round of production.

Additionally, Khelil said international pressure on Iran could also be a factor.

OPEC President Chakib Khelil says he expects oil prices to rise to $150-170 over the summer, but not to hit the $200 mark.

OPEC president Chakib Khelil has a new culprit for the rising cost of oil–ethanol.

Khelil says about 40% of the recent rise in oil prices can be chalked up to ethanol, which accounts for about 1% of the world’s transportation fuel.

OPEC is "very likely" to decide to cut oil production at its extraordinary meeting in Vienna on November 18 because prices have fallen "dramatically", the group's president Chakib Khelil said yesterday.

Chakib Khelil takes over OPEC presidency :: MENAFN - Middle East North Africa.

MENAFN - Emirates News Agency (WAM)) Algerian Energy and Mines Minister Chakib Khelil took on Tuesday over the presidency of the Organization of the Petroleum Exporting Countries for the year 2008.

AMMAN -- Despite a pledge by Saudi Arabia to increase its crude output by next week, oil prices continued an upward trend on Friday and more than doubled since a year ago, jumping to a new record high of more than $142 a barrel, giving credence to producer claims that the cause is not insufficient supplies, but unbridled speculation.

DUBAI, Dec 16, 2008 (Reuters) OPEC should cut oil output by "much more" than 1 million barrels per day as inventories were very high, OPEC President Chakib Khelil said in remarks published on Tuesday.

OPEC should cut oil output by "much more" than 1 million barrels per day as inventories were very high, OPEC President Chakib Khelil said in.

OPEC president wants "much more" than 1 million bpd cutBoston Globe 12/16/2008 2:08:42 AMOPEC should cut oil output by "much more" than 1 million barrels per day as inventories were very high, OPEC President Chakib Khelil said in.

Chakib Khelil says Russia will send its deputy prime minister in charge of energy and its oil minister to Wednesday's.

2 million barrels of oil a day, OPEC president Chakib Khelil said after a ministerial meeting.

In the middle of the day, Khelil had held a working meeting with the State Secretary for Energy, Fulgado Blanco, to which took part, officials of the Spanish companies involved in the realization of the project Medgaz: CEPSA, ENDESA, ENAGAS and Iberdrola as well as the Algerian officials who accompany Khelil.

Jan 10 (Xinhua) -- Algeria's Energy and Mining Minister Chakib Khelil said Saturday his country is about to increasing gas deliveries to European nations if conditions permit.

North African energy giant Algeria would step up gas deliveries to European clients if contracts permit, Energy Minister Chakib Khelil said Saturday.

We have long-term contracts with various partners in Europe," Khelil was quoted as saying by the state.

In a telephone interview, Algeria Energy Minister Chakib Khelil said he was not concerned by the poor outcome of the auction.

Some OPEC ministers will attend an Arab economic summit scheduled for Jan 19 in Kuwait, which OPEC President Chakib Khelil said could be a forum for the group to evaluate the oil market and decide whether to hold an extraordinary meeting before March.