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OPEC wants to see oil prices fall faster

...president said Thursday. "Oil prices have retreated, but we want them to fall to around $30 per barrel," Purnomo Yusgiantoro told reporters. "That would be good enough." U.S. light, sweet crude futures traded on the New York Mercantile...

http://chronicle.augusta.com/stories/2004/08/27/bus_426554.shtml
Business
Oil prices fall by nearly $1 a barrel

...Speaking at the World Energy Congress in Sydney on Tuesday, Organization of Petroleum Exporting Countries President Purnomo Yusgiantoro said Tuesday that world oil production is running "1.5 million barrels every day above demand, based on our...

http://chronicle.augusta.com/stories/2004/09/08/bus_427859.shtml
Business
Oil consortium to cut quotas; gas prices will remain higher

...anything, there will be oversupply in the second quarter of about 3 million barrels (a day)," OPEC President Purnomo Yusgiantoro told a news conference at a government-run convention center in Algiers. Ministers said they believed their...

http://chronicle.augusta.com/stories/2004/02/11/bus_404139.shtml
Business
Oil markets remain tense over terror, supply concerns

...Tuesday, the president of OPEC warned the cartel could not immediately increase output to help bring prices down. Purnomo Yusgiantoro, who is also Indonesia's oil minister, said Tuesday that Saudi Arabia, the world's largest oil exporter...

http://chronicle.augusta.com/stories/2004/08/04/bus_424227.shtml
Business
Oil prices fall as winter-fuel supplies ease

...percent above daily consumption of 82.4 million barrels, leaving little room to maneuver in a production outage. Purnomo Yusgiantoro, president of the Organization of Petroleum Exporting Countries, said Wednesday the cartel has asked the United...

http://chronicle.augusta.com/stories/2004/10/28/bus_432592.shtml
Business
OPEC to raise output ceiling by 2 million barrels a day

...decision to raise the ceiling in two steps. However, OPEC did not urge members to produce more oil. OPEC President Purnomo Yusgiantoro of Indonesia said in his opening address that members should do "as much as they can to help stabilize the oil...

http://chronicle.augusta.com/stories/2004/06/04/bus_417778.shtml
Business
Qatari minister: OPEC to discuss price band hike

...barrel Wednesday, the most recent day for which OPEC compiled information. Earlier this week, OPEC president Purnomo Yusgiantoro said the group would study whether to increase its targeted price band to compensate for inflation and a weaker...

http://chronicle.augusta.com/stories/2004/04/30/bus_413917.shtml
Business
OPEC agrees to cut output target

...Notwithstanding the prevailing high prices, crude markets remain more than well supplied," OPEC President Purnomo Yusgiantoro told reporters. Futures markets, which rose sharply Tuesday on signals that OPEC would lower its output ceiling...

http://chronicle.augusta.com/stories/2004/04/01/bus_410660.shtml
Business
Crude prices rise ahead of weekend

...to approximate the all-time high, in inflation-adjusted terms, set in 1980. In Jakarta, OPEC President Purnomo Yusgiantoro said he expected the downward trend to gain momentum. "This is a good signal," said Purnomo, who is also Indonesia's...

http://chronicle.augusta.com/stories/2004/10/30/bus_432835.shtml
Business
Higher U.S. inventories cut crude oil prices

...Russia, was mildly affected by a recently ended oil workers' strike. Amid growing concern over rising prices, Purnomo Yusgiantoro, president of the Organization of Petroleum Exporting Countries, took the unusual step Wednesday of asking the...

http://chronicle.augusta.com/stories/2004/10/29/bus_432725.shtml
Business