Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.53 dollars, according to data released by OPEC on Thursday.
One barrel (159 litres) of OPEC-produced crude stood at 128.45 dollars a barrel on Wednesday, down 0.53 dollars from 128.98 dollars on the previous day.
An increase in oil output by OPEC members was not needed as the current supply level exceeds demand and spiralling prices are mainly caused by speculators, OPEC officials said Wednesday.
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) moved below 129 dollars on Tuesday, according to data released by OPEC on Wednesday.
Hong Kong - Diesel duty may be axed altogether by the Hong Kong government after protests by lorry drivers hit by soaring fuel prices, legislators said Wednesday.
Nicosia, June 18: The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) in an effort to bring down price
Hong Kong - The Hong Kong government said Tuesday it was considering cutting the duty on diesel, one week after lorry drivers staged a slowdown protest through the city centre.
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.53 dollars, according to data released by OPEC on Thursday. 
