OPEC Newswire (Page 3)
Comprehensive Real-Time News Feed for OPEC (Organization of the Petroleum Exporting Countries). (Page 3)
Results 41 - 60 of 20,248 in OPEC (Organization of the Petroleum Exporting Countries)
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Oil falls as IEA cites North America 'supply shock'
... its outlook for global demand growth in 2013 to 90.6 million barrels per day (bpd). The IEA hiked its forecast for non-OPEC supply in 2013 by 50,000 barrels to 54.5 million bpd owing to the projected strong output in North America. "The supply shock ... Comment?
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IEA: U.S. Will Lead Oil Supply Recovery
The world's reliance on oil supply from OPEC and other large producing nations from Russia to several in Africa will end soon, as they are supplemented by U.S. output. Comment?
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Rising US shale output to meet oil demand
RISING US shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the International Energy Agency said yesterday. Comment?
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Watch Out World, Here Comes North American Oil
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"The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over the last 15," the International Energy Agency said in its annual Medium-Term Oil Market Report released Tuesday. Comment?
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North America Rapidly Reshaping World Oil Market
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... world's oil supply among countries outside the Mideast-based Organization of the Petroleum Exporting Countries (OPEC). OPEC currently accounts for about 35 percent of the world's oil production. New oil production technologies have played a key role ... Comment?
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Report: U.S. oil surge transforming markets, undercutting OPEC
... surge in oil production of 3.9 million barrels a day in the next five years, the IEA said, far exceeding the growth of OPEC and other oil suppliers, eliminating the need for Middle Eastern imports in the U.S. and causing other cascading effects. ... Comment?
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Oil-rich Venezuela became net gasoline importer in 2012
... internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves. The OPEC nation exported 30,000 barrels per day (bpd) of gasoline and naphtha last year, according to state oil company PDVSA's annual ... Comment?
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IEA urges swift U.S. decision on allowing crude oil exports
The head of the International Energy Agency on Tuesday urged the United States to decide quickly to allow crude exports, or the industry will find ways to get around restrictions. Comment?
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U.S. oil surge transforming markets, undercutting OPEC: Report
... surge in oil production of 3.9 million barrels a day in the next five years, the IEA said, far exceeding the growth of OPEC and other oil suppliers, eliminating the need for Middle Eastern imports in the U.S. and causing other cascading effects. ... Comment?
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US shale oil boom will make OPEC voice smaller in energy market- IEA
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The quick progress of the 'shale revolution' in the US is set to reshape the world energy market by 2018, when OPEC becomes less influential and developing countries drive global demand. Comment?
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U.S. oil boom leaves OPEC sidelined from demand growth
Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said. Comment?
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The Energy Report - BIG Oil Saves The Economy
... of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving the need for OPEC crude barely changed from today's levels, the West's energy agency said on Tuesday. The prediction by the International Energy ... Comment?
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Supply glut pushing oil prices lower
... supply, finds itself putting out more oil than it means to at the moment. A report Monday shows oil output from OPEC nations increased by 250,000 barrrels per day in April, putting the group at 30.5 million barrels a day. That's at least a ... Comment?
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Morning Brief: Justice Department subpoenas journalists' phone records
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Top news: The U.S. Justice Department secretly obtained two months' worth of phone records for Associated Press journalists and editors, the AP announced on Monday. Comment?
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Oil prices slip as IEA highlights - supply shock'
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... is undergoing a positive supply shock , as production in North America continues to grow at a record pace, with non-OPEC supply alone expected to meet most of the world's rising energy demand. The agency maintained its supply forecast that non-OPEC ... Comment?
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Western Texas Oil: Does Supply Equal Demand?
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... from Shale Oil, with domestic production now matching 1991 levels. OPEC's monthly oil market report also shows that OPEC has increased production slightly, adding to the world's supply of oil. OPEC will have a larger impact on Brent Crude Oil ... Comment?
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Oil falls to near $95 as dollar strengthens
Benchmark oil for June delivery fell 87 cents to finish at $95.17 a barrel on the New York Mercantile Exchange. Comment?
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Oil Shockwaves From U.S. Shale Boom Seen by IEA Ousting OPEC
The U.S. shale boom will send "shockwaves" through the global oil trade over the next five years, benefiting the nation's refiners and displacing OPEC as the driver of supply growth, the IEA said. Comment?
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North American Oil Supply Shocks Global Markets
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... supply to grow by 3.9 million barrels per day (mb/d) from 2012 to 2018, or nearly two-thirds of total forecast non-OPEC supply growth of 6 mb/d. World liquid production capacity is expected to grow by 8.4 mb/d significantly faster than demand which ... Comment?
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REFILE-Traders to gain control of Europe's fuel as refiners close-IEA
... high-demand periods may widen to cover storage costs. The North American oil supply revolution and the surge in non-OPEC demand are redrawing the global refining map, the IEA said. Refiners are moving closer to the wellhead, and non-OECD markets and ... Comment?
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