OPEC Newswire (Page 5)

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

Results 81 - 100 of 55,402 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Oil market is proving mightier than OPECRead the original story w/Photo

    Friday Oct 17 | The Japan Times

    ... the last four months, except perhaps the timing. The fundamental forces driving prices lower (rising supply outside OPEC from shale and sluggish demand growth as result of conservation and substitution) have been clearly visible for at least two ...

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  2. Oil prices free fall: Why Venezuelastands to lose the mostRead the original story

    Friday Oct 17 | Lucianne.com

    Oil prices continue to slide, putting enormous pressure on oil producers around the world. Saudi Arabia has insisted it is willing to live with lower prices for quite a while as it seeks to maintain a grip on its market share.

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  3. J.C. Penney: Is This Christmas Season The Company's Last Chance?Read the original story w/Photo

    Friday Oct 17 | Seeking Alpha

    J.C. Penney is counting on store redesign, low-cost goods and an increased focus on younger customers to lead the turnaround. Most people are already familiar with the story.

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  4. Saudi bank in US$6 billion IPORead the original story w/Photo

    Friday Oct 17 | The China Post

    Saudi Arabia's National Commercial Bank is going ahead with an initial public offering worth US$6 billion despite opposition from Muslim clerics. The IPO from Sunday, making NCB the last Saudi bank to go public, is expected to be one of the largest in the world this year.

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  5. UPDATE 1-Venezuela buys 2 Russian crude cargoes for Curacao refinery -sourcesRead the original story

    Friday Oct 17 | Reuters

    Venezuela's state oil company PDVSA bought two cargoes of Russian Urals light crude from a unit of Petrochina to be delivered starting in early November to the Isla refinery in Curacao, traders told Reuters on Friday. The 1-million-barrel cargoes will be the second crude import made by the OPEC member since signing a supply contract with Algeria's state-run Sonatrach to buy Saharan blend light crude that will start this month to be used as a diluent for Venezuela's extra heavy crude production.

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  6. Nirmal Jain : Bull run in the makingRead the original story

    Friday Oct 17 | Mydigitalfc.com

    ... fallen further. Barring the near-term shocks, crude oil will remain soft with higher incremental production (from non-OPEC next year) compared to the incremental demand. The government has also effected lower hikes in minimum support price, which ...

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  7. Columns: A pump war?Read the original story w/Photo

    Friday Oct 17 | Express India

    ... to cut back its production to keep prices higher, but choosing instead to maintain its market share against other OPEC producers. The net result has been to make life difficult for Russia and Iran, at a time when Saudi Arabia and America are ...

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  8. Two rival Libyan governments claim to control oil policyRead the original story w/Photo

    Friday Oct 17 | The Star Online

    ... relocated and trying to stay in contact with ministries almost 1,000 km away in Tripoli. He said oil revenues for the OPEC member state continued to enter a Libyan bank, which transferred them to the central bank. "They are under the control of the ...

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  9. WTI Extends Rebound From Below $80 as Goldman Sees No Oil GlutRead the original story

    Friday Oct 17 | The Washington Post

    ... collapse as banks including BNP Paribas SA and Bank of America Corp. predict the rout may be over. They're counting on OPEC to reduce output as the U.S. pumps the most oil in almost 30 years and world demand growth slows. Saudi Arabia and Kuwait ...

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  10. Must Reads of the Week: China's Dangerous Maritime Game, Averting...Read the original story w/Photo

    Friday Oct 17 | CFR.org

    ... below $100. Last month Venezuela, a particularly inefficient member of the cartel, saw its bonds downgraded. One non-OPEC member in particular is in trouble: Russia. Economic growth is already poor. Further drops in the oil price could be very ...

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  11. The Real Reason Saudis May Be Comfortable With Lower Oil PricesRead the original story w/Photo

    Friday Oct 17 | TheStreet.com

    NEW YORK -- In the face of the striking weakness in global oil prices, Saudi Arabia has further challenged markets by seeming uncharacteristically comfortable with the lower prices , refusing to vote with OPEC to cut production. Many have been seeing the Saudi's willingness to let oil prices drop as a retribution against the U.S.'s unrestrained oil boom.

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  12. Real Reason Saudis May Be Comfortable With Lower Oil PricesRead the original story w/Photo

    Friday Oct 17 | TheStreet.com

    ... further challenged markets by seeming uncharacteristically comfortable with the lower prices , refusing to vote with OPEC to cut production. Many have been seeing the Saudi's willingness to let oil prices drop as a retribution against the U.S.'s ...

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  13. Non-Gulf OPEC Nations Push for Output Cut as...Read the original story w/Photo

    Friday Oct 17 | Wall Street Journal

    Some officials from non-Gulf OPEC producers are pushing for the cartel to enact an oil-production cut amid falling prices, signaling a new fracture within the group that could put Saudi Arabia under pressure to tighten its spigots. Saudi Arabia and other Persian Gulf members of the Organization of the Petroleum Exporting Countries had said earlier this week they opposed a cut in the group's production ceiling.

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  14. CNPC warns oil slump will make it difficult to meet profit targetRead the original story w/Photo

    Friday Oct 17 | Seeking Alpha

    ... t echoes that of Nomura, which is saying that U.S.-traded crude has the potential to drop below $70/bbl by year-end if OPEC fails to cut production.

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  15. 'Oversupply and weakening demand growth behind oil price fall'Read the original story w/Photo

    Friday Oct 17 | Russia Taday

    ... would take swift action to balance out the unstable price. Why is that not happening new? SE : Yes, traditionally OPEC which is a cartel of oil-producing and exporting countries would act in a way to try to balance the market. They see their role in ...

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  16. Links: Market crashes, junk bonds, raccoonsRead the original story w/Photo

    Friday Oct 17 | USA Today

    ... didn't exactly get the boot. But shares sold at the bottom its range - about 1.40 pounds apiece, or $2.25 U.S. OPEC is testing how low oil prices have to go to shut down U.S. shale oil production . But as producers get more efficient, that floor is ...

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  17. US stock market, economy and companies updateRead the original story

    Friday Oct 17 | Stock Market Review

    ... is up more than three bucks to trade around $83.45 this morning. Headlines out today suggest that non-Persian Gulf OPEC nations are pushing back against their Gulf partners and seeking a cut in OPEC production quotas. Libya wants a ceiling of 30M ...

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  18. Explainer: The Oil Price PlungeRead the original story w/Photo

    Friday Oct 17 | Payvand News of Iran

    ... may have a more tangible effect on consumers. The economies of conventional oil producing countries (particularly OPEC producers such as Bahrain, Kuwait, Saudi Arabia, Iran and Iraq) are highly dependent on oil for around 80 percent of their ...

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  19. New Brunswick gas prices hit 20-month lowRead the original story w/Photo

    Friday Oct 17 | CBC News

    ... One reason is east coast oil refineries, such as Irving Oil Ltd.'s Saint John refinery, is increasingly replacing OPEC crude oil imports with domestic oil brought in by train. The shale oil boom in the United States has resulted in strong supply in ...

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  20. Falling Oil Prices Are Hurting OPEC, Russia, VenezuelaRead the original story w/Photo

    Thursday Oct 16 | Sweetness & Light

    ... it. But it has far wider and more complex effects on economies around the globe that are only starting to be felt. OPEC countries and other major exporters will feel the biggest impact. The cash-strapped governments of Russia, Venezuela and Iraq are ...

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