OPEC Newswire

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

Results 1 - 20 of 3,920 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Saudi Arabia fights for market share: oil prices hit new 27-month lowRead the original story w/Photo

    45 min ago | Al Bawaba

    ... that is to say the level they were at during the 2008/09 economic crisis," said Carsten Firtsch at Commerzbank. "Opec appears to be gearing up for a price war. We therefore do not expect prices to stabilize until this impression disappears and Opec ...

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  2. WTI Oil Falls Below $90 First Time in 17 Months as Supply GrowsRead the original story

    1 hr ago | The Washington Post

    ... with its policy said Sept. 26. U.S. crude oil production rose to the highest level since 1986 last month, while OPEC output climbed to the highest in a year. The International Energy Agency last month reduced its projections for demand growth this ...

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  3. WTI Oil Plunges Below $90 on Supply; Brent Heads for Bear MarketRead the original story

    1 hr ago | The Washington Post

    ... ICE, compared with $3.43 yesterday. U.S. crude oil production rose to the highest level since 1986 last month, while OPEC output climbed to the highest in a year. The International Energy Agency last month reduced its projections for demand growth ...

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  4. Commodities Today: Oil Prices, Euro And Other Factors Impacting StocksRead the original story w/Photo

    1 hr ago | Seeking Alpha

    ... last month there is a real possibility that Saudi Arabia refrains from having to shoulder further cuts without their OPEC partners moving to also cut production. If OPEC wants to lower production further this year in order to stabilize the market, ...

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  5. UPDATE 2-Foreign-owned projects boost Russian oil output in SeptRead the original story

    2 hrs ago | Reuters

    ... of sanctions against Russia despite what it called "encouraging developments" on the ground after a ceasefire deal. OPEC secretary general Abdullah al-Badri said last month he expected the group to lower its oil output target when it meets in late ...

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  6. Breakingviews: Self-help for oil majorsRead the original story w/Photo

    3 hrs ago | Reuters

    ... dollars oil maybe that's what -- we get to it. But those of twist in the -- is that they will come a point when OPEC who -- how often enough to. Also the price of oil well sat huddled in that we -- because we've we've we've set in the stuff and ...

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  7. Why Everyone Who Lives in Alaska Is Getting $1,884 TodayRead the original story w/Photo

    4 hrs ago | Time

    ... billion. Oil price increases could also continue to swell the fund. While most Americans complain bitterly every time OPEC members raise prices, Alaskans have reason to applaud. With the price of domestic oil now decontrolled, Alaskan crude can rise ...

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  8. Iraq Kurds Tripling Oil Output While Renewing Baghdad TalksRead the original story

    5 hrs ago | The Washington Post

    Iraq's Kurds are boosting crude output threefold by the end of next year and plan soon to resume talks with the new central government, signaling that a battlefield partnership against insurgents is helping mend ties. The Kurds will increase production to 1 million barrels a day by the end of 2015 from a current level of 320,000, said Sherko Jawdat, head of the natural resources committee in the Kurdish region's parliament.

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  9. WTI Trades Near 17-Month Low on Cushing Stockpiles; Brent SteadyRead the original story

    6 hrs ago | The Washington Post

    ... market right now," Tetsu Emori, a senior fund manager at Astmax Asset Management Inc. in Tokyo, said by phone today. "OPEC hasn't made any comments about production cuts. Until they do, oil prices will be losing momentum." WTI for November delivery ...

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  10. Oil prices down in AsiaRead the original story w/Photo

    9 hrs ago | The Peninsula

    ... on Wednesday lowered its official selling price for crude oil. Media reports said the kingdom, a key member of the OPEC oil producing cartel, reduced its November prices, marking the fourth straight month of cuts. The move indicated that the world's ...

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  11. Asia Gets Pick of Oil From Alaska to Iraq as Shale Captures U.S.Read the original story

    11 hrs ago | The Washington Post

    ... and protests in Libya and the militant Islamic State onslaught in Iraq raise concern about output disruptions in those OPEC producers. The U.S. imported 7.62 million barrels of crude a day in July, down 29 percent from the peak in June 2005, ...

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  12. Oil Market Wooing Asian Traders With Champagne, DiscountsRead the original story

    12 hrs ago | Bloomberg

    ... and protests in Libya and the militant Islamic State onslaught in Iraq raise concern about output disruptions in those OPEC producers. The U.S. imported 7.62 million barrels of crude a day in July, down 29 percent from the peak in June 2005, ...

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  13. UPDATE 10-Oil falls as bearish trend continues, Saudi lowers pricesRead the original story

    16 hrs ago | Reuters

    ... reading and offering some relief to investors worried about slowing growth. The oil price drop is a concern for some OPEC members, and the group will consider cutting production at a meeting on Nov. 27 in Vienna. Some analysts believe Saudi Arabia, ...

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  14. Alberta Premier Prentice sails into a troubling sea of oil as tenure beginsRead the original story w/Photo

    17 hrs ago | Globe and Mail

    ... formation and Eagle Ford formation in Texas turn away imports to the United States. The increase in output from non-OPEC producers is the big shift in oil markets. The result of all this? Brent crude, the international yardstick, fell to $94.17 ...

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  15. U.S. Energy: This Oil Stock Is Too Cheap To Ignore, With Significant Buda ExposureRead the original story w/Photo

    17 hrs ago | Seeking Alpha

    While the whole sector has dropped significantly, oil is not down that much on a percentage basis and with OPEC needing prices near current levels, a bigger pullback is not warranted. Many small cap oil stocks are now oversold and could be poised for a major rebound in the coming days and weeks.

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  16. Oil supply and demand shuffled as new tight shale makes impact felt - Peak OilRead the original story w/Photo

    18 hrs ago | North Denver News

    ... past two years and generally have trended upward, from 1.8 MMbbl/d in May 2012 to about 3.5 MMbbl/d in May 2014 [1]. OPEC member countries Libya and Iran and non-OPEC countries South Sudan and Syria have accounted for a sizeable portion of the ...

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  17. Worst Seen Over for Crude Prices as Saudis Cut ProductionRead the original story

    19 hrs ago | The Washington Post

    ... Futures Europe exchange to below the $95-to-$100 range described as "fair" by Saudi Oil Minister Ali Al-Naimi at an OPEC meeting in June. Prices fell as Libya restored output to the highest in a year, China's economic growth slowed, and crises in ...

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  18. UPDATE 2-Saudi cuts official crude oil prices in battle for market shareRead the original story

    19 hrs ago | Reuters

    ... the Oman/Dubai average. Traders had been expecting a cut no bigger than 70 cents. Traders are now anticipating a tense OPEC meeting when the group next convenes in Vienna this November, to see if the group can respond to ample supplies coming from ...

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  19. Cramer and Dicker: How U.S. Energy Companies Try to Get Around Oil Export BanRead the original story w/Photo

    20 hrs ago | TheStreet.com

    ... companies are accessing other markets. A crude export ban has been in place since the 1970s, in the aftermath of the OPEC oil crisis that caused huge gas lines and a near recession. But U.S. oil production is nearing levels it hasn't seen since the ...

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  20. Us Tops saudi oil outputRead the original story w/Photo

    21 hrs ago | Express India

    ... Libya and Nigeria haven't raised prices since, at the same time, global demand has also fallen. This implies reduced OPEC influence on supplies and could lead to further easing of prices, benefiting countries like India which are large net importers ...

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