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 20,773 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Continental Resources' Billion-Dollar BlunderRead the original story w/Photo

    Tuesday Jun 30 | Seeking Alpha

    ... liquidate its hedges was a $1 billion blunder. Last October, Continental Resources (NYSE: CLR ) CEO Harold Hamm called OPEC a "toothless tiger," but then ended up eating his words. Oil prices cratered after the November OPEC meeting, wreaking havoc ...

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  2. New oil bull market in sight as Brazil, Iraq cut output targetsRead the original story

    Tuesday Jun 30 | WNFL-AM Green Bay

    ... bpd figure almost equates to the current global oversupply, which arose due to a U.S. shale oil boom and a decision by OPEC to keep its taps fully open to battle for market share with rival producers. With 2015 global oil demand surprising on the ...

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  3. OPEC crude production surges as Iraq pumps at record paceRead the original story w/Photo

    Tuesday Jun 30 | Trend

    Iraqi crude production climbed to a record this month, helping send OPEC output to the highest level since August 2012. Output by the Organization of Petroleum Exporting Countries climbed 744,000 barrels to 32.134 million a day this month, according to a Bloomberg survey of oil companies, producers and analysts.

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  4. American Council for an Energy-Efficient Economy: 35 years of energy...Read the original story w/Photo

    Tuesday Jun 30 | Electric Energy Online

    In 1973, the Arab members of the Organization of Petroleum Exporting Countries imposed an oil embargo that increased energy prices, spurring efforts to conserve energy and improve energy efficiency in the US and worldwide. In 1980, energy efficiency researchers formed the American Council for an Energy-Efficient Economy.

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  5. Pirates and Hold-ups: Crime Strikes Venezuela's Oil IndustryRead the original story

    Tuesday Jun 30 | Marine News

    ... biggest refinery and rob machinery, construction tools, and cables to sell as scrap. On the other side of the OPEC country in Monagas state, around 26,000 potential barrels were lost in March during a shutdown after state oil company employees and ...

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  6. Oasis Petroleum: Why This Oil Player Can Get BetterRead the original story w/Photo

    Tuesday Jun 30 | Seeking Alpha

    ... declining. This might support oil prices going forward, even though there is uncertainty in the end market due to high OPEC production. Thus, it is evident that there are not enough indicators that the recent rise in oil prices will continue. In ...

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  7. India asks refiners to buy dollars, euros to settle Iran oil duesRead the original story w/Photo

    Tuesday Jun 30 | Trend

    ... a U.S. request to curb oil imports from Iran to help force a deal, is keen to rebuild its trade relationship with the OPEC member state. "The refineries may buy forex in the spot/forward market in an incremental manner so as to build up the required ...

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  8. OPEC oil output hits 3-year high in June on Iraq -Reuters surveyRead the original story

    Tuesday Jun 30 | Reuters

    OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. The boost from the Organization of the Petroleum Exporting Countries puts output further above its target of 30 million barrels per day and comes despite outages in Libya and Nigeria that curbed supplies.

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  9. Energy: No Rapid Rebound for Oil PricesRead the original story

    Tuesday Jun 30 | Morningstar

    The United States has rapidly become the critical source of incremental supply for global oil markets, and growth has come overwhelmingly from unconventional drilling. The large increases in U.S. output did not upset global supply/demand balances over the past few years, largely because significant amounts of supply were disrupted by political/security issues .

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  10. Oman's oil trading firm seeks US, African footholds in growth pushRead the original story

    Tuesday Jun 30 | Times of Oman

    Oman Trading International Ltd. intends to invest less than $50 million in facilities to store fuel in Mozambique or Tanzania to help supply markets in Africa's landlocked interior. - Times file picture Dubai: Oman, the largest oil producer in the Middle East outside of OPEC, plans to buy, lease or build fuel-storage tanks in East Africa to boost sales on the continent and open a US office to trade refined products and Latin American crude.

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  11. Bomber quietly slipped into KuwaitRead the original story w/Photo

    Tuesday Jun 30 | NWAonline

    ... the same day as deadly attacks in Tunisia and France -- has rattled Kuwait. Violence is rare in the small and stable OPEC nation, which is ruled by a Sunni monarchy and has a sizable Shiite minority. Kuwait also regularly hosts American soldiers and ...

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  12. OPEC daily basket price closes lowerRead the original story

    Tuesday Jun 30 | Nerve News

    Vienna, June 30 The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries closed at $58.24 a barrel on Monday compared to $59.14 last Friday, 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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  13. Oil holds losses below $60 as nuclear talks set to miss deadlineRead the original story

    Tuesday Jun 30 | World Oil

    Oil held losses below $60 bbl as investors weighed the prospects of Iran increasing crude exports in an oversupplied market. Futures were little changed in New York after falling 2.2% on Monday amid concern financial turmoil in Greece will prompt its exit from the euro area.

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  14. UPDATE 1-Oil prices seen steady despite Greek crisis, IranRead the original story

    Tuesday Jun 30 | Reuters

    ... the Organization of the Petroleum Exporting Countries to keep pumping close to capacity, but they see output from non-OPEC countries limited by relatively low oil prices. The poll forecasts U.S. light crude will average $56.30 a barrel this year and ...

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  15. Kuwait mosque bomber raised no red flags, transited BahrainRead the original story w/Photo

    Monday Jun 29 | Newsday

    ... the same day as deadly attacks in Tunisia and France -- has rattled Kuwait. Violence is rare in the small and stable OPEC nation, which is ruled by a Sunni monarchy and has a sizable Shiite minority. Kuwait also regularly hosts American soldiers and ...

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  16. Could Armenia Be The Next Ukraine?Read the original story

    Monday Jun 29 | Groong

    COULD ARMENIA BE THE NEXT UKRAINE? OilPrice.com June 29 2015 By Martin Vladimirov Posted on Mon, 29 June 2015 22:10 1 When Konstantin Kosachyov, the head of the Russian Federation Council's International Relations Committee, said the protests in Armenia against a 16.7 percent power price hike follow a color revolution scenario sponsored by Western powers, many commentators rushed to compare the crisis in Yerevan with the 2014 protests in Kyiv that toppled the pro-Russian president, Victor Yanukovych. However, the street protests in Armenia have more to do with the overall economic situation in the country than with proxy clashes between foreign countries.

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  17. Oil Speculators Least Bullish in 10 Weeks as Iran Talks ResumeRead the original story

    Monday Jun 29 | The Washington Post

    ... already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show. If OPEC pumps at current rates in the third quarter, it would become the longest surplus since at least 1985. OPEC kept its production target ...

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  18. Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 YearsRead the original story w/Photo

    Monday Jun 29 | Seeking Alpha

    ... down in the coming months. U.S. oil production has not rolled over as anticipated. Russia also is pumping more, while OPEC seems intent to maximize revenues and market share. Since March 2014, the Saudis have increased rigs drilling for oil by 30%. ...

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  19. Religious extremism and global genocideRead the original story

    Monday Jun 29 | Vanguard

    "Religion is the sigh of the oppressed Creature, the feeling of a heartless world And the soul of soulless circumstances. It Is the opium of the people."

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  20. Attacks, failing Greece talks hit Saudi stocksRead the original story w/Photo

    Monday Jun 29 | The Daily Star

    With the threat of militant attacks spreading across the Middle East still hanging in the air, a drop in the price of oil after Greek bailout talks collapsed has put more pressure on Saudi stocks. Equities in OPEC's biggest oil producer dropped 1.6 percent at the 3:30 p.m. close in Riyadh to the lowest in more than two months after the price of Brent crude sank as much as 3 percent.

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