OPEC Newswire (Page 5)

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

Results 81 - 100 of 37,641 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Oil Falls to Lowest Since April 2009Read the original story

    Wednesday | Bloomberg

    Oil tumbled to the lowest in almost six years after a government report showed that U.S. crude inventories advanced to the highest level in data going back more than three decades. Crude supplies rose 8.87 million barrels to 406.7 million, the most in records compiled since August 1982 by the Energy Information Administration.

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  2. Fact Check: Both sides in Keystone XL debate bend factsRead the original story w/Photo

    Wednesday | Park Record

    Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will create thousands of jobs and make the U.S. dependent on oil from friends, rather than foes. Critics claim it will disastrously increase the pollution blamed for global warming and put communities along its 1,179-mile route at risk for a damaging spill, all for oil and products that will be exported anyway.

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  3. Iraq Oil Surge to Fan OPEC Rivalry That Triggered Slump: EnergyRead the original story

    Wednesday | The Washington Post

    ... biggest slump in six years gained momentum in October as a wave of discounts by Middle Eastern producers signaled OPEC members were intent on defending market share against booming shale output from the U.S. The price of Saudi crude for Asian buyers ... 1 comment

  4. What is the affect of the invisible hand on the government?Read the original story w/Photo

    Wednesday | Investopedia

    The automatic pricing and distribution mechanisms in the economy - which Adam Smith called an " invisible hand " - interacts directly and indirectly with centralized, top-down planning authorities. However, there are some meaningful conceptual fallacies in an argument that is framed as the invisible hand versus the government.

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  5. Bill Barrett (BBG) Stock Plummets Today as Oil Prices PlungeRead the original story w/Photo

    Wednesday | TheStreet.com

    WTI crude was down 4.3% to $44.24 as of 4:05 p.m., while Brent crude was down 2.34% to $48.44, according to CNBC . Oil prices, which have fallen more than 50% since June 2014, have fallen to their lowest point in nearly six years in recent weeks amid a global oversupply.

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  6. Precision Drilling (PDS) Stock Closes Down Today as Oil Prices DeclineRead the original story w/Photo

    Wednesday | TheStreet.com

    WTI crude was down 4.09% to $44.34 as of 4:15 p.m., while Brent crude was down 2.2% to $48.51, according to CNBC . Oil prices, which have fallen more than 50% since June 2014, have fallen to their lowest point in nearly six years in recent weeks amid a global oversupply.

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  7. Crude falls to lowest in almost six years on surging US supplyRead the original story w/Photo

    Wednesday | Worcester Telegram & Gazette

    Oil tumbled to the lowest in almost six years after a government report showed that U.S. crude inventories advanced to the highest level in data going back more than three decades. Crude supplies rose 8.87 million barrels to 406.7 million, the most in records compiled since August 1982 by the Energy Information Administration.

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  8. Oil Falls to Lowest in Almost Six Years on Rising U.S. SuppliesRead the original story

    Wednesday | The Washington Post

    Crude supplies rose 8.87 million barrels to 406.7 million, the most in records compiled since August 1982 by the Energy Information Administration. Production advanced to the highest level in more than three decades, EIA data show.

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  9. Hess' (HES) CEO John Hess on Q4 2014 Results - Earnings Call TranscriptRead the original story w/Photo

    Wednesday | Seeking Alpha

    ... and weaker than expected global demand. In the past, during periods of oversupply, Saudi Arabia and a few other OPEC members would have reduced production to stabilize prices. This time, they decided to leave it to the market to rebalance, and ...

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  10. California eco-group funded by anti-fracking RussiaRead the original story w/Photo

    Wednesday | Examiner.com

    ... Rosneft. Such collusions have been funding anti- fracking campaigns by U.S. environmental nonprofits. Russia and OPEC oil-based economies fear America's fracking boom that is making America petroleum self-sufficient and a global oil market leaders. ...

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  11. Fact Check: Keystone XL oil pipeline not as bad for environment, good for economy as claimedRead the original story w/Photo

    Wednesday | Star Tribune

    Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will create thousands of jobs and make the U.S. dependent on oil from friends, rather than foes. Critics claim it will disastrously increase the pollution blamed for global warming and put communities along its 1,179-mile route at risk for a damaging spill, all for oil and products that will be exported anyway.

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  12. Iraq oil surge to fan OPEC rivalryRead the original story w/Photo

    Wednesday | Salt Lake Tribune

    ... biggest slump in six years gained momentum in October as a wave of discounts by Middle Eastern producers signaled OPEC members were intent on defending market share against booming shale output from the U.S. The price of Saudi crude for Asian buyers ...

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  13. Earnings Outlook: What to look for in Exxon's earningsRead the original story w/Photo

    Wednesday | MarketWatch

    After all, crude prices averaged more than $70 a barrel in the fourth quarter, compared to prices under $45 a barrel this week. Instead, capital spending plans - how much money Exxon will spend and where it will go - and production going forward are key issues, said Brian Youngberg, an analyst with Edward Jones.

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  14. Southwestern Energy (SWN) Stock Lower Today as Oil Prices SinkRead the original story w/Photo

    Wednesday | TheStreet.com

    ... prices, Reuters noted. Oil prices have been down more than 55% since June due to a global supply glut. In November OPEC announced it had no intention of cutting its production rate despite the oversupply. Separately, TheStreet Ratings team rates ...

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  15. NYT: Gas 'Not That Cheap' Compared to Last 30 YearsRead the original story w/Photo

    Wednesday | News Max

    ... than it had been in 2008. The increase of 4.1 million barrels per day was greater than the output of every single OPEC country but Saudi Arabia," he said. At the same time, Saudi Arabia and other Gulf countries in OPEC have declined to cut supply, ...

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  16. Barclays, Goldman forecast bearish first half for oil pricesRead the original story w/Photo

    Wednesday | The Age

    ... which based its assumptions on the refusal of the Organisation of the Petroleum Exporting Countries to cut output, non-OPEC supply growth and slower consumption, cut its 2015 average price forecast for WTI crude to $US42 from $US66 per barrel. ...

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  17. Futures Movers: Oil slides nearly 4% after another bump in U.S. suppliesRead the original story w/Photo

    Wednesday | MarketWatch

    ... are set to weaken in the first half of the year, dragging prices lower than previously forecast. We assume that OPEC will maintain its position, non-OPEC supply growth will stay firmly in positive territory, and oil consumption will be slow to ...

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  18. U.S. Stocks Turn Higher, Apple Shines on EarningsRead the original story

    Wednesday | Ticker

    ... debt to BB+ with 'negative' outlook, the first downgrade since April. Oil prices traded near its six-year low despite OPEC chief commenting that price could surge above $100 a barrel without new investment in production. West Texas Intermediate for ...

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  19. Oil Declines as U.S. Crude Stockpiles Surge to Weekly RecordRead the original story

    Wednesday | The Washington Post

    Crude supplies rose 8.87 million barrels to 406.7 million, the most in records compiled since August 1982 by the Energy Information Administration. Prices pared losses as the government report fell short of the 12.7 million-barrel increase estimated by the American Petroleum Institute and as gasoline demand improved.

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  20. Breaking with history on cheap oilRead the original story w/Photo

    Wednesday | The Hill

    Since June of last year, the world has seen a sharp drop in oil prices, indicating a permanent global shift that heralds the end of expensive oil and forever secures low prices at the pump. Right? At least half a dozen times since the Arab oil embargoes of the 1970s, sudden drops in oil and gasoline prices have given American consumers a well-deserved break on their energy bills, but each time also altered America's energy discussion.

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