OPEC Newswire

OPEC Newswire

Comprehensive Real-Time News Feed for OPEC (Organization of the Petroleum Exporting Countries).

Results 1 - 20 of 9,192 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Oil, Energy Stocks, Recover After Volatile WeekRead the original story w/Photo

    3 hrs ago | TheStreet.com

    ... s is the biggest build since February, and puts oil prices on course to record their sixth successive weekly decline." OPEC and other non-OPEC oil producers will meet in early December, where it is largely expected they will cut production.

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  2. Gasoline prices down P1.30/liter, diesel P1.10/literRead the original story w/Photo

    5 hrs ago | Manila Bulletin

    In the midst of plummeting prices in the world market, the costs of gasoline at the pumps will be rolled back again by P1.30 per liter this week; and P1.10 per liter for diesel products. According to the Department of Energy , which has been manifestly elated with the continuing cost downtrends, this is already the 16th time that gasoline prices had been rolled back for the year; and 17th for diesel products.

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  3. UN nuclear watchdog says Iran abiding with 2015 deal limitsRead the original story w/Photo

    8 hrs ago | Norwalk Citizen News

    ... U.S. sanctions severely impacts Iran's oil industry, the major source of the country's foreign revenue. Tehran worries OPEC and non-OPEC countries such as Russia will increase their production to fill the gap in response.

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  4. Iraq Resumes Export Of Oil From Kirkuk Under U.S. PressureRead the original story w/Photo

    8 hrs ago | Weekday Magazine

    ... shipments of between 50,000 and 100,000 barrels per day will not add to Iraq's total exports," Jihad said. Iraq is the OPEC oil cartel's second-largest exporter at 4.5 billion barrels per day. Oil exports make up almost all of the government's ...

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  5. How to Escape the 2018 Oil Crash - and Make a Killing in the ProcessRead the original story w/Photo

    10 hrs ago | Money Morning

    ... Russia's oil industry makes up 52% of its federal revenues and 70% of its exports. That's why Saudi Arabia leads OPEC to cap or tighten oil production, and why Russia often joins. Producing less oil might hurt their economies in the short term, but ...

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  6. North Dakota oil production hits another high, but slowdown predictedRead the original story w/Photo

    10 hrs ago | Star Tribune

    ... oil sanctions have played a particularly big role in the perception of a supply glut - and thus falling oil prices. OPEC and Russia had ramped up production as the sanctions were expected to erase a lot of Iranian oil from the global market. But the ...

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  7. Frontline Beats Street as Tanker Market ImprovesRead the original story w/Photo

    13 hrs ago | Marine News

    CEO says increasingly upbeat on tanker profits. OPEC cuts, Iran sanctions may impact tanker demand.

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  8. Iraq: Baghdad and Kurds strike deal to resume Kirkuk oil exportsRead the original story w/Photo

    18 hrs ago | Al Jazeera

    Oil flows from Kirkuk begin after Baghdad and Erbil agree on deal to export 50,000 to 100,000 barrels of oil per day. Exports from Kirkuk were halted after Iraqi forces seized oil fields there over an independence referendum [Alaa Al-Marjani/ Reuters] says it has reached an initial agreement with Kurdish authorities to restart exports from the oilfields of Kirkuk, one year after flows were halted due to a standoff between the central government in Baghdad and Kurdistan's semi-autonomous region.

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  9. Gasoline prices fall on tumbling oil marketsRead the original story w/Photo

    Yesterday | NewsOK.com

    ... this week. The underlying oil price, however, could soon increase, according to GasBuddy analyst Dan McTeague. He said OPEC leaders likely will cut production by at least 1.4 million barrels per day following the cartel's Dec. 9 meeting. "Despite ...

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  10. UPDATE 9-Oil edges up in volatile session but falls for sixth straight weekRead the original story w/Photo

    15 hrs ago | Reuters

    ... Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin OPEC kingpin Saudi Arabia is keen for the major producers to cut output by about 1.4 million barrels per day, around 1.5 percent of ...

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  11. Us Stocks-S&P, Dow advance on trade optimism; Nvidia sinks NasdaqRead the original story w/Photo

    16 hrs ago | Reuters

    ... S&P 500 energy .SPNY stocks rose 1.1 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. ) shares surged 37.5 percent. Statements from the California Public ...

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  12. Canada FX Debt-C$ notches one-week high as greenback broadly slidesRead the original story w/Photo

    16 hrs ago | Reuters

    The Canadian dollar strengthened to its highest in more than one week against its U.S. counterpart on Friday, extending this week's gain as the greenback broadly fell and domestic data showed that factory sales edged higher in September. At 4:42 p.m. , the Canadian dollar was trading 0.2 percent higher at 1.3151 to the greenback, or 76.04 U.S. cents.

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  13. Futures Movers: Oil pares earlier gains, set to suffer a sixth weekly lossRead the original story w/Photo

    20 hrs ago | MarketWatch

    ... U.S. crude oil stocks, during which time stocks soared by a total of 48 million barrels. This highlights the need for OPEC to cut production," said Carsten Fritsch and the commodities team at Commerzbank, in a note. The U.S., Russia and Saudi ...

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  14. Oil rises, paring sixth weekly loss on expectation of OPEC cutsRead the original story

    21 hrs ago | World Oil

    Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year. Futures in New York rose 1.8% Friday, trimming the weekly drop to 4.6%.

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  15. Addiction to oil dampens U.S. response to Saudi atrocitiesRead the original story w/Photo

    22 hrs ago | Spero News

    Pressure is mounting on the U.S. government to hold Saudi Arabia accountable for the death of American-based journalist Jamal Khashoggi. Our complicated relationship with the kingdom, held together for decades by oil and arms, narrows our palette of options.

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  16. An early holiday gift: Lower gas, oil prices could boost spending, economyRead the original story w/Photo

    23 hrs ago | USA Today

    ... volatile food and energy items. Kloza reckons crude prices will climb back into the $60 to $70 range by next month as OPEC cuts production. He expects gas prices to stay low through the winter as Americans travel less but to start climbing back ...

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  17. Saudis Can Fix Oil Prices, But Can They Repair Image?Read the original story w/Photo

    Yesterday | Real Clear Politics

    ... would cut its oil production by 500,000 barrels per day in December. In the same month, the 15 nations that make up OPEC will likely confirm a coordinated move to push prices higher. Add the imposition of U.S. sanctions on Iran's oil exports that ...

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  18. Global Markets-Europe battles Brexit blues, Wall Street faces tech stressRead the original story w/Photo

    Yesterday | Reuters

    ... Bitstamp platform. oil prices rose too, helped by a decline in U.S. fuel stockpiles and the possibility of a cut in OPEC output. U.S. crude was trading up 80 cents at $57.27 and Brent crude rose roughly 1 dollar to $67.65 a barrel. It was still set ...

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  19. Oil price tumbling amid uncertaintyRead the original story

    Yesterday | Petroleum News

    Easing of fears over curtailment of oil from Iran couples with OPEC view that global demand growth will soften in coming months Having in early October attained levels in the mid $80s, the price per barrel of Brent crude has fallen again, dropping to just over $70 at the beginning of November.

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  20. Shares and sterling try to shake Brexit bluesRead the original story w/Photo

    Yesterday | Channelnewsasia.com

    ... on the Bitstamp platform. Oil prices rose, helped by a decline in U.S. fuel stockpiles and the possibility of a cut in OPEC output. U.S. crude was trading up 70 cents at US$57.15 and Brent crude rose roughly 1 dollar to US$67.70 a barrel. It was ...

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