OPEC Newswire (Page 5)

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

Results 81 - 100 of 226,243 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Will the OPEC Meeting Finally Mark a Bottom in Crude Prices?Read the original story w/Photo

    6 hrs ago | TheStreet.com

    ... NEW YORK ( TheStreet ) -- The crude oil price benchmark West Texas Intermediate fell 0.7% on Wednesday, a day before OPEC is scheduled to meet on Thursday. If OPEC decides not to cut production and oil still rallies, then a short-term bottom will be ...

    Comment?

  2. OPEC mulls oil supply glut weighing on pricesRead the original story w/Photo

    6 hrs ago | The New Zealand Herald

    Opec ministers met Wednesday to try to work out a deal to tackle rising oil supplies that are weighing heavily on crude prices and the cartel's revenues. "All the experts in the markets believe that we have an oversupply on the market and next year we will have more oversupply," Iran's Oil Minister Bijan Namdar Zanganeh said, ahead of a pivotal Opec policy meeting in Vienna Thursday.

    Comment?

  3. How the OPEC Meeting "Showdown" Will Affect Crude Oil PricesRead the original story w/Photo

    6 hrs ago | Money Morning

    ... and picks. His strategy: Get in, target gains of at least 100%, and get out clean. Eleven 100% gains to date. The OPEC meeting scheduled for tomorrow (Thursday) in Vienna, Austria is one of the oil cartel's most anticipated events in years. The ...

    Comment?

  4. Nigeria's parliament says Shell should pay $4 bln for 2011 oil spillRead the original story w/Photo

    6 hrs ago | AlertNet

    ... for not doing enough to clean up spills and maintain infrastructure. Nigeria is Africa's largest oil exporter and an OPEC member but the environmental toll has been huge. The mangrove creeks of the delta region are heavily polluted mainly due to ...

    Comment?

  5. Market Snapshot: U.S. stocks battling to post pre-holiday gainsRead the original story w/Photo

    6 hrs ago | MarketWatch

    ... index trading at peak EBIT margins," he added. Analysts at Jefferies said don't bet on any agreement coming out of OPEC that would be "big enough to spur a rally in Brent prices" surged after the maker of electrical weapons used in law enforcement, ...

    Comment?

  6. need2know: Iron ore slides lowerRead the original story w/Photo

    6 hrs ago | Sydney Morning Herald

    ... US Thanksgiving holiday; Euro zone economic, industrial, consumer confidence; Germany unemployment data; Austria OPEC meeting. Stocks to watch Beach Energy, Woolworths, Bank of Queensland, SEEK, Mayne Pharma Group AGMs. Discovery Communications and ...

    Comment?

  7. OPEC heading for no output cut despite oil price plungeRead the original story w/Photo

    6 hrs ago | The Star Online

    OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June and raising the prospect of a global oil price war. "The GCC reached a consensus," Saudi Arabian Oil MinisterAli al-Naimi told reporters, referring to the Gulf Cooperation Council which includes Saudi Arabia, Kuwait, Qatar and the United Arab Emirates.

    Comment?

  8. Americans thankful U.S. oil is pulverizing OPECRead the original story w/Photo

    6 hrs ago | MarketWatch

    ... produced about 5 million barrels of oil a day, in a market of about 90 million barrels a day then dominated by the 12 OPEC nations, including Saudi Arabia . And - this is the key part - even with all the growth in Asian nations and a recovery in the ...

    Comment?

  9. Commodities Today: Seadrill Disappoints, Oil Service Names Move LowerRead the original story w/Photo

    6 hrs ago | Seeking Alpha

    Natural gas inventories fell 162 billion cubic feet last week, and with Winter Storm Cato beginning to hit the northeast today, we should see another draw on natural gas inventories this week. Energy traders remain focused on OPEC and the meetings being held in Vienna.

    Comment?

  10. Guessing game: What are OPEC nations thinking?Read the original story w/Photo

    7 hrs ago | Cape Cod Times

    Does Saudi Arabia have it out for frackers in the U.S.? Or Iran? Or Russia? Will low oil prices make it easier to fight the Islamic State? Or harder? Trying to guess what OPEC members are thinking in the run-up to Thursday's meeting in Vienna is a high stakes parlor game for energy analysts, political scientists and armchair geo-politicians. This year the game is more complex than it has been in years.

    Comment?

  11. Oil services sector rocked by plunge in SeaDrill's stockRead the original story w/Photo

    7 hrs ago | MarketWatch

    In an otherwise quiet day for the stock market, the oil services sector was broadly lower Wednesday, rocked by a steep selloff in the shares of offshore drilling company SeaDrill Ltd. the ETF's 10th-most heavily weighted component, plunged 22%, to the lowest level since August 2009, after the Norway-based company said it was suspending its dividend as it looked to reduce its heavy debt burden. With volume closing in on 70 million shares, nearly nine times the full-day average, the stock was the broad market's most-actively traded.

    Comment?

  12. US stocks dip as oil pushes energy sector lowerRead the original story

    7 hrs ago | West Hawaii Today

    Energy stocks slid as the price of oil resumed its descent. Traders speculated member nations of the oil-producing group OPEC would fail to agree on production cuts at an upcoming meeting in Vienna on Thursday.

    Comment?

  13. Falling prices put pressure on OPECRead the original story

    7 hrs ago | West Hawaii Today

    ... is bickering over who should cut oil output, and by how much, in order to prop up prices. That has made Thursday's OPEC meeting in Vienna the group's most closely watched session in years, with far-reaching implications from the local gasoline pump ...

    Comment?

  14. U.S. Capital Goods Orders Fall, New Home Sales RisesRead the original story

    7 hrs ago | Ticker

    2:20 PM New York - In stock trading, market averages lacked direction ahead of OPEC meeting tomorrow. Dollar fell, stocks generally rose and crude oil futures traded at a four-year low. U.S. jobless claims unexpectedly rose and capital goods orders ...

    Comment?

  15. US production to be 'resilient' in cheaper crude environment, analysis findsRead the original story

    7 hrs ago | SNL Financial

    With the price of West Texas Intermediate crude oil sliding from more than $100 per barrel to nearly $70/bbl in a matter of a couple of months, there has been substantial analyst speculation over just how strong U.S. production can be in a low-price environment. A new report on the subject has taken the stance that production will remain strong through 2015 if prices remain at their current levels.

    Comment?

  16. The pretext to a vicious supply game? OPEC's major oil powers...Read the original story w/Photo

    7 hrs ago | Al Bawaba

    Impromptu talks between Saudi Arabia, fellow Organisation of Petroleum Exporting Countries member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices. In a day of shuttle diplomacy before OPEC's output meeting in Vienna on Thursday, energy officials from non-members Russia and Mexico rushed to the Austrian capital to push OPEC kingpin Saudi Arabia on the 30 per cent price fall since June.

    Comment?

  17. While you were sleeping: US data disappointsRead the original story

    7 hrs ago | Scoop

    Wall Street seesawed near record highs ahead of the Thanksgiving holiday and as key producers gathered in Vienna for an OPEC meeting that might help determine how much further the price of oil will slide. A report showed US consumer confidence climbed to a seven-year high, as the Thomson Reuters/University of Michigan final index of sentiment rose to 88.8 this month, up from 86.9 in October.

    Comment?

  18. OPEC split on oil pricesRead the original story w/Photo

    7 hrs ago | The Age

    ... would be modest and would probably do little to prop up oil prices, assuming the countries even stick to an agreement. OPEC is caught in a swirl of forces that are depressing prices, down more than 25 per cent since June to around $US80 a barrel. ...

    Comment?

  19. Stifel's Bannister: OPEC, Russia Oil Cuts to Boost Prices 40 PercentRead the original story w/Photo

    7 hrs ago | News Max

    ... The cuts would lift the price of Brent crude to $109 a barrel by May from about $78 currently. "The downside risk if OPEC disappoints is just too great for all parties to ignore," Bannister said in a Nov. 26 report . "Among oil producers, there are ...

    Comment?

  20. FOREX: Oil markets pressured ahead of OPECRead the original story

    7 hrs ago | The Financial Mirror

    By Jameel Ahmad, Chief Market Analyst at FXTM Both Brent and Crude Oil have continued to feel pressure ahead of Thursday's highly anticipated OPEC decision, with Brent dropping to $77.97 and Crude to $73.63 on Wednesday. Although there was previously optimism that a cut in production would be agreed, this optimism is quickly fading today.

    Comment?