OPEC Newswire (Page 5)

OPEC Newswire (Page 5)

Comprehensive Real-Time News Feed for OPEC (Organization of the Petroleum Exporting Countries). (Page 5)

Results 81 - 100 of 25,534 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Russian Oil Output Falls in July, Still Beats Saudi ArabiaRead the original story w/Photo

    Sunday Aug 2 | The St. Petersburg Times

    ... showed on Sunday. Russian production remained above that of Saudi Arabia, the world's top oil exporter and leading OPEC member, which pumped at an average 10.6 million bpd, according to a Reuters survey. Russia and OPEC have refrained from coming ...

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  2. Second top Iraqi oil official shot dead in KirkukRead the original story w/Photo

    Sep 13, 2011 | Turkish Daily News

    ... of responsibility for the attack on Hussain, who had supervised NOC's oil pipelines office. Major oil producer and OPEC member Iraq faces security challenges from Islamic State of Iraq and the Levant (ISIL) jihadists who control a third of the ...

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  3. U.S. Oil Seen Trading Above Global Prices Next Year by BofARead the original story

    Monday | The Washington Post

    West Texas Intermediate futures, which have been at a discount to Brent for most of the past five years, may need to strengthen to attract imports as U.S. output falters, the bank said in a report dated July 31. Output from the Bakken and Eagle Ford shale oil formations is "rolling over in response to lower prices," Iran plans to expand exports following last month's nuclear accord and other OPEC members are also raising production, the bank said. WTI slipped to a discount against North Sea Brent in 2010 as U.S. crude output started to reverse decades of decline.

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  4. Oil drops again to $50 a barrelRead the original story

    Monday | Newkerala.com

    ... Iran has at least 17 million barrels of crude oil stored and ready to be shipped. This would add to the output from OPEC whose production levels are already at a three-year high, at a time when the market remains over-supplied. Saudi Arabia reported ...

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  5. Lumber, Oil, Copper: Ominous SignsRead the original story w/Photo

    Monday | Seeking Alpha

    When it comes to the world of commodities and the global economy, three raw materials often provide guidance for the future health of the economic landscape. In what is often a chicken or egg situation, sometimes commodity prices portend the future of economic developments and sometimes they just react to events.

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  6. Oil pushed to six-month lows by oversupply concernsRead the original story w/Photo

    Monday | The Globe and Mail

    ... their focus on defending market share instead of prices, which have fallen 9 percent this year. The lack of a plan by OPEC to accommodate the return of more Iranian oil further fueled supply worries. Iran expects to raise output by 500,000 barrels ...

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  7. OPEC daily basket price dropsRead the original story

    Monday | Newkerala.com

    The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries closed at $50.50 a barrel on Friday, compared to $51.45 on Thursday, the organisation's secretariat said. The OPEC Reference Basket of crudes is made up of Murban , Saharan Blend , Girassol , Oriente , Iran Heavy , Basra Light , Kuwait Export , Es Sider , Bonny Light , Qatar Marine , Arab Light and Merey .

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  8. Here's a super quick guide to what traders are talking about right nowRead the original story w/Photo

    Monday | Silicon Alley Insider

    ... overnight to retake $1100. The Oil complex is under sharp pressure, with Brent off 2% and nearing January lows as OPEC output +chatter continues, while the Rising Rig Count is hitting WTI for 1.5%. All the grains are weaker, with Wheat and corn ...

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  9. Iran oil minister says output to rise a week after sanctionsRead the original story

    Monday | World Oil

    ... in December to discuss new oil contract models with international companies. Iran had the second-biggest output in OPEC before U.S.-led sanctions banned the purchase, transport, finance and insuring of its crude began July 2012. "Our lost share of ...

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  10. Futures Movers: Oil falls to 4-month low, hit by data on China, rigsRead the original story w/Photo

    Monday | MarketWatch

    Oil prices slid to fresh four-month lows Monday as a rise in the number of U.S. oil rigs fueled supply glut concerns even as weak China manufacturing activity weighed on the demand outlook. dropped 73 cents, or 1.6%, to $46.39 a barrel in electronic trading.

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  11. European Factors to Watch-Shares seen slightly weaker, Greece market to re-openRead the original story

    Monday | Reuters

    ... after worst month in 2 years > METALS-Copper slips as China factories shudder > Oil hit multi-month lows on record OPEC output Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western ...

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  12. UPDATE 1-Oil hits multi-month lows on record OPEC output, weak China dataRead the original story

    Sunday | Reuters

    Oil extended losses to multi-month lows on Monday on worries of oversupply as OPEC pumped at record levels in July, while weak China data stoked concerns about slower growth at the world's second largest oil consumer. Oil output by the Organization of the Petroleum Exporting Countries reached the highest monthly level in recent history in July, a Reuters survey showed, with Saudi Arabia and other key members showing no sign of wavering in their focus on defending market share instead of prices.

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  13. Mideast Stocks-Gulf may remain under pressure as oil hits fresh lowsRead the original story

    Sunday | Reuters

    ... 2. It is on its longest weekly losing streak since late 2014. Oil prices are falling on worries about oversupply as OPEC pumped at record levels in July, while weak China data has stoked concern about slower growth in the world's second largest oil ...

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  14. India Morning Call-Global MarketsRead the original story

    Sunday | Reuters

    ... stoked concerns about slower growth at the world's second largest oil consumer. Saudi Arabia and other key members of OPEC show no sign of wavering in their focus on defending market share instead of prices, as the group's oil output hit the highest ...

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  15. Oil drops for 5th week; US crude in biggest monthly fall since 2008Read the original story w/Photo

    Sunday | Business Times

    ... barrels per day in July, up 140,000 bpd from June. Commerzbank's head of commodities research Eugen Weinberg said Opec had to cut production to avoid even lower prices, expressing hope for "a stricter quota discipline at its December meeting". Bank ...

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  16. Saudi Arabia exports 1.59bn barrels of crude oil in 7 monthsRead the original story w/Photo

    Mar 8, 2015 | AME Info

    Saudi Arabia exported approximately 1.59 billion barrels of oil during the first seven months of the current year at a value of SAR338bn, according to new figures. The kingdom's oil revenues for the January-July period suffered a major plunge of 49 per cent, reveals the data published by Al Riyadh paper.

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  17. Brasch WordsDOWN for the Counts: America's Fascination with RoyaltyRead the original story

    Apr 27, 2011 | American Reporter

    ... history. But Mitchell points out that consensus frayed as conservatives gained political power in the 1970s, and the OPEC oil embargoes wrecked the U.S. economy. A new economic philosophy soon gained currency. Unemployment was not the fault of an ...

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  18. it's a Huge Week for the Us Economy: Here's your complete previewRead the original story w/Photo

    Sunday Aug 2 | Greenwich Citizen

    ... consumer of metals - has continued to slow. Oil prices have dropped more than 15% over the past month amid near-record OPEC production and a likely deal with Iran that would further boost global supply later this year. Prices for livestock and many ...

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  19. Commodities markets summaryRead the original story

    Sunday Aug 2 | West Australian

    Oil prices have plummeted as traders digested the latest OPEC signal that crude production would not be cut despite global oversupply and falling prices. US benchmark West Texas Intermediate for September delivery dived almost 3.0 per cent, shedding $US1.40 to close at $US47.52 a barrel on the New York Mercantile Exchange.

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  20. Iran's Oil Minister Says Output to Rise One Week After SanctionsRead the original story

    Sunday Aug 2 | The Washington Post

    ... in December to discuss new oil contract models with international companies. Iran had the second-biggest output in OPEC before U.S.-led sanctions banned the purchase, transport, finance and insuring of its crude began July 2012. "Our lost share of ...

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