OPEC Newswire (Page 5)

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

Results 81 - 100 of 41,493 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Saudi's Naimi: Non-OPEC, speculators led to oil price slideRead the original story w/Photo

    Yesterday | West Australian

    ... other countries sought to bring back balance to the market, but the lack of cooperation from other producers outside OPEC and the spread of misleading information and speculation led to the continuation of the drop in prices," he said. Speaking at a ...

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  2. With oil's slide, is world on brink of new energy source?Read the original story w/Photo

    Yesterday | The Daily Republic

    ... which might please environmentalists. Perhaps the most severe effect is on the major oil producers outside the U.S. OPEC is trying desperately to maneuver by keeping prices low in the attempt to force marginal companies out of the industry, thereby ...

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  3. Dubai Shares Head for Bull Market as Oil Rise Fuels Gulf RallyRead the original story

    Yesterday | Bloomberg

    Dubai's stocks headed for a bull market in the biggest two-day gain in the gauge's history as oil prices rebounded and global equities rallied. Qatari's main index also rose.

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  4. 'Irresponsible' non-OPEC output behind oil price plunge: UAERead the original story w/Photo

    Yesterday | The Peninsula

    Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the main causes of the slump in prices, the United Arab Emirates energy minister charged Sunday One of the main causes is irresponsible production by some producers from outside the organisation, some of whom are newcomers," Suhail al-Mazrouei told an energy forum in Abu Dhabi Mazrouei said the sharp drop in prices will impose a "major economic burden" on oil producing countries, insisting nonetheless that OPEC's decision last month to maintain output levels was "correct OPEC's decision, which aims to provide the market with time to rebalance, is correct, strategic and useful to the global economy," he said at the forum organised by the Organisation of Arab Petroleum Exporting Countries World prices have fallen almost 50 percent since June, mainly due to a supply glut, the weak global economy and a ... (more)

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  5. UAE oil minister slams 'irresponsible' non-OPEC producersRead the original story w/Photo

    Yesterday | The Daily Star

    ... reasons is the irresponsible production of some producers from outside OPEC." Mazroui also said the recent decision of OPEC not to cut its production was correct. "It was a correct and strategic decision. We are fully confident of the last decision ...

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  6. Non-OPEC Producers Called on to Cut Oil Output After RoutRead the original story

    Yesterday | Bloomberg

    Oil producers outside of OPEC should cut output with excess supplies harming the market, the United Arab Emirates energy minister said. The oil market is oversupplied by 2 million barrels a day, Mohammed Al Sada, Qatar's energy minister, told Bloomberg at a conference in Abu Dhabi .

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  7. Iraq oil min says no need for OPEC emergency meeting nowRead the original story

    Yesterday | Reuters

    Iraq's oil minister said on Sunday he saw no need for an emergency meeting of the Organisation of the Petroleum Exporting Countries , but "we have to wait and see" whether the group made the right decision to keep its output unchanged.

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  8. UAE oil minister slams "irresponsible" non-OPEC producersRead the original story

    Yesterday | Reuters

    ... reasons is the irresponsible production of some producers from outside OPEC." Mazroui also said the recent decision of OPEC not to cut its production was correct. "It was a correct and strategic decision. We are fully confident of the last decision ...

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  9. Dennis Seid: Low gas prices now may not be good laterRead the original story w/Photo

    Yesterday | Newms360.com

    ... pump away, refusing to cut back production. Actually, it's more Saudi Arabia, which provides more than a third of the OPEC oil, that has helped keep production levels where they are. The Saudis can better absorb lower oil prices than the likes of ...

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  10. Many States Now Have $2 Gasoline, Analyst SaysRead the original story w/Photo

    Saturday | WGBH

    On Cue in Oklahoma City, was reportedly the first station to lower regular unleaded below $2 a gallon. Now, 24 states have $1.99 gasoline.

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  11. Saudi petroleum minister says there is no conspiracy behind drop in oil pricesRead the original story w/Photo

    Saturday | Ottawa Citizen

    ... is dependent on oil revenues, is able to weather lower oil prices due to large reserves built up over the years. Non-OPEC member Russia and other nations like Iraq, Iran and Venezuela need prices substantially above present levels to meet budget ...

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  12. 2014: A Year of Wake-Up Calls in Foreign PolicyRead the original story w/Photo

    Friday | The Wall Street Journal

    ... were reshaping geopolitics. The most important is the dramatic drop in the price of oil, thanks to a supply glut as OPEC countries such as Saudi Arabia try to defend its market share . These new energy dynamics gave the United States leverage and ...

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  13. Real World Economics: Falling oil prices have their down sideRead the original story w/Photo

    Friday Dec 19 | TwinCities

    ... prices are falling, and Russia is in a classic foreign exchange crisis that may become a full-blown economic crisis. OPEC is pursuing policies that will throw its weakest members into recession, if not financial collapse. Europe is on the edge of ...

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  14. Saudi Arabia Won't Cut Oil OutputRead the original story w/Photo

    Friday Dec 19 | Voice of America

    Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years. Referring to countries outside of the Organization of the Petroleum Exporting Countries , Saudi Oil Minister Ali al-Naimi told reporters: "If they want to cut production, they are welcome.

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  15. Brasch WordsDOWN for the Counts: America's Fascination with RoyaltyRead the original story

    Apr 27, 2011 | American Reporter

    ... history. But Mitchell points out that consensus frayed as conservatives gained political power in the 1970s, and the OPEC oil embargoes wrecked the U.S. economy. A new economic philosophy soon gained currency. Unemployment was not the fault of an ...

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  16. What cheap oil means to 2015Read the original story w/Photo

    Saturday | Sympatico Finance

    ... then oil prices began a steep slide in November amid lower forecasts for global growth and a surprise decision by the OPEC oil cartel to leave its output unchanged despite soaring North American crude production. After hitting a peak of about $115 ...

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  17. 1 Big Reason Seadrill Will Survive the Drop in OilRead the original story

    Saturday | The Motley Fool

    Shares have fallen nearly 70% from their 52-week high and management has been forced to cut a dividend that was one of the best reasons to own the stock. But Seadrill has stable contracts with some of the word's largest oil producers.

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  18. US energy policy review reveals US doesn't have an energy policyRead the original story w/Photo

    Saturday | Christian Science Monitor

    A Massachusetts Water Resources Authority wind turbine turns in front of a 1951 megawatt fossil fuel power plant in Charlestown, Massachusetts. As oil prices plummet, some question whether the US - with its piecemeal, disjointed federal energy policy - is ready for a new era of fossil-fuel abundance and renewable-energy innovation.

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  19. In a Lucky Bounce Saudi's Oil Strategy Puts Pressure on PutinRead the original story w/Photo

    Saturday | New York Sun

    ... even had a chance to redesign its flag. But Mr. Al-Badri has a limited mandate to give the agreed official line of OPEC and has no authority to speak for the motives of the individual member states, and even less standing to mind-read the ...

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  20. Libya's official government aims to set up new payment system for oil buyersRead the original story w/Photo

    Saturday | Reuters

    Libya's internationally recognized government aims to set up a new payment system to receive oil revenues, bypassing the central bank based in Tripoli, the capital city that is no longer under its control, its top oil official said on Saturday. The OPEC oil producer has had two parallel governments and parliaments since August when a group called Libya Dawn seized Tripoli, forcing the recognized administration of Prime Minister Abdullah al-Thinni to the east.

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