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OPEC News

News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.

12 hrs ago | Bloomberg

Brent Trades Near Three-Month Low on Libyan Supply; WTI Steady

Brent traded near the lowest price in three months as Libya's output continued to increase, easing the threat of supply disruptions from the Middle East .

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Related Topix: World News

16 hrs ago | Al Bawaba

A defining moment has arrived: why demand for OPEC oil will never be the same

Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids.

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Related Topix: World News, Department of Energy

16 hrs ago | The Motley Fool

Less Demand for OPEC Oil as Other Sources Increase Supply

This article was written by Oilprice.com -- the leading provider of energy news in the world.

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Related Topix: World News

19 hrs ago | The Motley Fool

America Is Showing Saudi Arabia and Russia What It Means to Be No. 1

Move over, Saudi Arabia and Russia. The United States is officially the largest oil producer in the world, after recently overtaking Saudi Arabia in crude oil production while maintaining its lead over Russia in natural gas production.

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Related Topix: World News

23 hrs ago | The Motley Fool

1 Dark Horse Postponing Gold's Rally

It just didn't make much sense at the time as the Federal Reserve continued quantitative easing and the U.S. continued to report wide fiscal and trade deficits.

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Related Topix: World News

Yesterday | Jerusalem Post

US, Iran say major disputes remain in Vienna nuclear talks

US Secretary of State John Kerry said on Sunday major differences persist between Iran and six world powers negotiating on Tehran's nuclear program, remarks echoed by Tehran, with a July 20 deadline for a deal approaching.

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Related Topix: World News

Sat Jul 12, 2014

The Motley Fool

The World Still Needs Saudi Arabia's Oil

This article was written by Oilprice.com -- the leading provider of energy news in the world.

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Related Topix: Middle East, Saudi Arabia, Iraq,

Tehran Times

Iran's June crude oil price up $2.05: OPEC

TEHRAN Iran sold crude oil at $107.45 per barrel in June, a $2.05 rise compared to May, the Organization of Petroleum Exporting Countries said in its latest report.

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Related Topix: World News, Iran,

The Motley Fool

Saudi Arabia's Involvement in Iraq Could Prove Devastating

About seven years ago, I wrote a piece for The Motley Fool in which I predicted that, once U.S. troops had left Iraq, the Middle East would be subjected to a new and expanded conflagration.

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Related Topix: Iraq, World News, Middle East

Fri Jul 11, 2014

Reuters

UPDATE 7-Brent hits three-month lows on easing geopolitical risk

Brent oil hit a three-month low on Friday, heading towards a third consecutive week of losses as fears of supply shortages in the Middle East and North Africa receded.

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Related Topix: Iraq, World News, Middle East, Stamford, CT

KickingTires

AAA: Gas-Price Relief Likely Short-Lived

As oil prices fell, so did the cost of gasoline in many parts of the country the past week, with the national average for a gallon of regular unleaded dropping 3 cents to $3.64, according to the AAA Daily Fuel Gauge Report on Thursday.

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Related Topix: World News, Illinois

World Oil

Oil demand rising fastest since 2010 for IEA on China growth

Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said.

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Related Topix: Iraq, World News, Middle East

RTE.ie

IEA cuts 2014 oil demand outlook

The International Energy Agency today cut its forecast for 2014 oil demand to 92.7 million barrels a day due to weaker than expected global economic growth.

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Related Topix: World News, Iraq, Middle East

Live Charts

Commodities: Crude futures bounce on slip in OPEC production

Front month West Texas crude futures moved higher by 98 cents to $102.93/barrel on NYMEX.

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Related Topix: World News

Thu Jul 10, 2014

The Washington Post

WTI Set for Third Weekly Drop as Supply Risks Ease; Brent Steady

West Texas Intermediate headed for a third weekly drop as Libya boosted its crude output and gasoline stockpiles expanded in the U.S., the world's biggest oil consumer.

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Related Topix: World News, Science / Technology

World Oil

Industry at a Glance

The rapidly deteriorating political situation in Iraq, with Sunni insurgents gaining control of much of that country's oil-producing regions, sent oil futures sharply higher in early June, with Brent Blend gliding past $110/bbl.

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Related Topix: World News

The Motley Fool

These 3 Stocks Could Help You Benefit From Saudi Natural Gas

The Saudi government granted the two companies approval to conduct an assessment of the Kidan area in 2011.

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Related Topix: World News

Reuters

UPDATE 7-Oil slips to $108 on slack U.S. demand, improving supply outlook

Oil fell towards $108 a barrel on Thursday, extending its longest losing streak in four years, pressured by the prospect of solid global supply and weak gasoline demand in the United States.

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Related Topix: Stamford, CT, World News

Reuters

UPDATE 2-OPEC's oil market share to shrink in 2015, despite growing demand

OPEC expects its share of the world oil market to shrink in 2015 for a third year running, due in part to the U.S. shale oil boom, giving the exporter group little comfort from an acceleration in global demand.

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Related Topix: World News

Nerve News

OPEC daily basket price closes lower

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $105.49 a barrel Wednesday, against $106.25 Tuesday, according to OPEC Secretariat calculations.

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Related Topix: World News, Middle East, Iraq

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