OPEC Wire
Comprehensive News Feed for OPEC (Organization of the Petroleum Exporting Countries).
Results 1 - 20 of 5,320 in OPEC (Organization of the Petroleum Exporting Countries)
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... Exporting Countries said the 12-country cartel won't change production quotas, a move widely expected by investors. OPEC leaders called on group members to adhere more closely to current quotas and reduce cheating. Other factors, like the weak U.S. ... Comment?
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OPEC Decision Could Boost Crude Oil ETFs
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... into increased profitability for global oil companies and the governments of oil-rich countries. At the latest OPEC ministerial meeting on Tuesday, group members took further steps to prevent against a collapse in prices, a move that could have ... Comment?
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Iraq Quadrupling Oil Production, OPEC Fears Price Collapse
... to 12 million barrels per day. Believe it or not, Iraq is rapidly emerging as a rival to Saudi Arabia. This has OPEC horrified, since a cash-hungry Iraq threatens to sink their global price-fixing regime. Deutsche Welle: Once Iraq more than ... Comment?
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Oil rises over 3 percent on U.S. crude stock draw
Oil rose more than 3 percent to above $76 a barrel on Wednesday in the biggest one-day percentage gain in about five weeks after U.S. inventory data showed crude oil inventories in the world's top energy consumer fell more than expected. Comment?
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Oil prices surge after US inventory data
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... remained lacklustre, Halff said. Crude futures had already risen on Tuesday as traders bet on improving demand after OPEC decided against changing the cartel's official crude output levels. The Organisation of Petroleum Exporting Countries, as ... Comment?
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Commodities Will Crawl In 2010
... way off decade-high levels. It's time we look at some of the trends that might move global energy markets in 2010. The OPEC meeting on Dec. 22, the first hosted by Angola, brought few surprises as countries pledged to maintain their current ... Comment?
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Chavez orders probe of Toyota, says carmaker 'can leave' Venezuela
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... cement industries during his 10 years in power. GM, Ford, Toyota and Chrysler have the biggest market shares in the OPEC nation. "I'm ordering an investigation into Toyota, to see how it is that they don't want to assemble these cars," Chavez said ... Comment?
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Oil rises above US$76 as U.S. crude supplies fall, U.S. dollar weakens
... Exporting Countries said the 12-country cartel won't change production quotas, a move widely expected by investors. OPEC leaders called on group members to adhere more closely to current quotas and reduce cheating. Other factors, like the weak U.S. ... Comment?
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Hugo Chavez Orders Probe of Toyota, Says Carmaker...
... cement industries during his 10 years in power. GM, Ford, Toyota and Chrysler have the biggest market shares in the OPEC nation. "I'm ordering an investigation into Toyota, to see how it is that they don't want to assemble these cars," Chavez said ... Comment?
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Arrest of Russian oil tycoon was illegal, says court
... jail for another 22 years. The main production units of YUKOS, once Russia's biggest oil company producing more than OPEC member Qatar, ended up in the hands of state-controlled oil companies such as Rosneft. Both Lebedev and Khodorkovsky have ... Comment?
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Iraq to Rival Saudi Arabia in OPEC Oil Stakes
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A surge from Iraq's oil fields will occupy Organization of Petroleum Exporting Countries crude producers in coming years as the recovering country's output challenges that of Saudi Arabia, observers said as the cartel held its latest meeting. Comment?
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Kuwait parl't gives nod for debt bailout
... the plan. The initiative is the latest in a series of confrontations between the assembly and the government in the OPEC producer. Kuwait's government wrote off all consumer loans after the 1991 Gulf War that ended Iraq's occupation of the small ... Comment?
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Oil: Above $76 amid U.S. crude stocks fall
... Exporting Countries said the 12-nation cartel won't change production quotas, a move widely expected by investors. OPEC leaders called on group members to adhere more closely to current quotas and reduce cheating. Other factors, like the weak U.S. ... Comment?
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... Petroleum (AP) Plc has promised a renewed approach and commitment to its business activities in the coming year. OPEC income to increase by $184 billion in 2010 -231209 A N expected rise in oil prices will ally with higher crude supply to boost the ... Comment?
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OPEC To Leave Oil Output Targets Unchanged
OPEC will leave output targets unchanged when it meets this week in Luanda, ministers said, as robust oil prices offset concerns in the group about excess supplies. Comment?
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Russian tycoon's arrest was illegal, says court
... jail for another 22 years. The main production units of YUKOS, once Russia 's biggest oil company producing more than OPEC member Qatar , ended up in the hands of state-controlled oil companies such as Rosneft. Both Lebedev and Khodorkovsky have ... Comment?
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Iraq to rival Saudi Arabia in OPEC oil stakes: analysts
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LUANDA: A surge from Iraq's oilfields will occupy OPEC crude producers in coming years as the recovering country's output challenges that of Saudi Arabia, observers said as the cartel held its latest meeting. Comment?
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Crude oil prices down to near $73
Oil prices retreated to near $73 a barrel Tuesday as OPEC ministers indicated they would leave crude production levels unchanged while seeking to ensure compliance with members' output quotas. Comment?
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New Russia ESPO crude could be game changer in Asia
... share.' Asia is struggling with declining domestic output of lower-sulphur crude while supplies of sour grades from Opec producers have been curbed since end-2008. This has helped Russia to boost its oil exports, led by cheaper Urals crude, as the ... Comment?
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... right at the top of consensus. In fact, I'm way out on a limb on this,'' she said with a laugh. But Mohr believes OPEC will continue maintain production restraint to support higher prices as global demand begins to recover in 2010. She expects oil ... Comment?
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