OPEC Newswire (Page 5)

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

Results 81 - 100 of 23,660 in OPEC (Organization of the Petroleum Exporting Countries)

  1. UPDATE 1-Venezuela seeks annulment of Exxon award at World Bank tribunalRead the original story

    Wednesday | Reuters

    ... said the lawyer with Curtis, Mallet-Prevost, Colt & Mosle LLP. Exxon said earlier on Wednesday the South American OPEC country had filed for an annulment of the International Centre for Settlement of Investment Disputes award on Feb. 2. "The ...

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  2. UPDATE 2- Venezuela's 146,000 bpd El Palito refinery down -union leaderRead the original story

    Wednesday | Reuters

    Venezuelan state oil company PDVSA's 146,000-barrel-per-day El Palito refinery has been halted since Monday due to problems with a compressor and a demineralization plant, union leader Ivan Freites said on Wednesday. Amuay, the OPEC country's biggest refinery, is operating at 370,000 bpd, well below its 645,000-bpd capacity, because its flexicoker and a crude distillation unit remain out of service, Freites added.

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  3. Venezuela files for annulment of Exxon award at World Bank tribunalRead the original story w/Photo

    Wednesday | Vallejo News

    ... said the lawyer with Curtis, Mallet-Prevost, Colt & Mosle LLP. Exxon said earlier on Wednesday the South American OPEC country had filed for an annulment of the International Center for Settlement of Investment Disputes award on Feb. 2. "The ...

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  4. Is USO About To Pick Up Again?Read the original story w/Photo

    Wednesday | Seeking Alpha

    ... The weakness in the oil market hasn't led to a significant change in OPEC's oil production. According to the recent OPEC monthly report , oil production reached 30.1 million bbl per day in January. Even though total production remained relatively ...

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  5. RPT-UPDATE 10-Brent crude up 5 pct as Saudi sees improved demand for oilRead the original story

    Wednesday Feb 25 | Reuters

    Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Falling refined products inventories reported by the government helped lift U.S. crude and countered data showing a larger-than-expected U.S. crude inventory build.

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  6. Oil prices rebound despite growing inventoriesRead the original story

    Wednesday Feb 25 | Xinhuanet

    The Energy Information Administration , the Energy Department's statistical arm, Wednesday released its report covering U.S. crude supplies of the week ending on Feb. 20. U.S. crude stockpiles increased 8.4 million barrels to 434.1 million, 71.7 million barrels more than a year earlier. Oil prices were boosted by the optimistic remarks from Ali al- Naimi, Saudi Arabia's Oil Minister.

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  7. UA Economists Focus on Oil PricesRead the original story w/Photo

    Wednesday Feb 25 | PressReleasePoint

    ... fuel in the U.S., finally supplanting coal in the late 19th century. He recalled the gas lines of the 1970s, when OPEC doubled world oil prices twice, from $20 to $100 a barrel, and the American economy was sent reeling by the stagflation of high ...

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  8. Crude Oil Exports: A View from the 114th CongressRead the original story w/Photo

    Wednesday Feb 25 | JD Supra

    ... crude to lead the world in opening markets abroad. Con: The global market in crude is not free, given the ability of OPEC to manipulate the price and production of crude in the world. The current drop in global crude oil prices is case in point as ...

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  9. Will US Shale Boom Continue or Have a Hiatus?Read the original story w/Photo

    Wednesday Feb 25 | Wall St. Cheat Sheet

    ... the point where crude from shale becomes profitable again despite the cost of fracking. The only question is whether OPEC would then accept U.S. shale as a competitor and cut its own production to shore up prices. A forecast issued February 17 by BP ...

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  10. Oil Tankers Idle for Months off US, Puzzling SomeRead the original story

    Wednesday Feb 25 | Marine News

    Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. What happened next was anything but routine.

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  11. Don Braid: Armageddon Interruptus - Alberta the only place where a...Read the original story w/Photo

    Wednesday Feb 25 | National Post

    ... the $465 million surplus could be even higher by March 31. As all this was sinking in Tuesday, word came out that OPEC could call an emergency meeting to deal with huge financial losses faced by producing countries. If the Arab states can be ...

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  12. Oil tankers idle for months off Delaware waters, puzzling someRead the original story

    Wednesday Feb 25 | Reuters

    Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. What happened next was anything but routine.

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  13. Cabot Oil & Gas (COG) Stock Gains on Rising Oil PricesRead the original story w/Photo

    Wednesday Feb 25 | TheStreet.com

    West Texas crude oil for April delivery was gaining 1.5% to $50 a barrel Wednesday afternoon, and Brent crude oil for April delivery was gaining 2.3% to $60.03 a barrel. Oil prices were rising following comments from Saudi Arabia oil minister Ali al-Naimi, according to Reuters .

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  14. The Plunge In Oil Prices - GTL Diesel Becomes One Of The First U.S. VictimsRead the original story w/Photo

    Wednesday Feb 25 | Seeking Alpha

    The Saudi Arabia policy since mid-2014 not to cut OPEC oil production and the collapse of oil prices since then appear to have resulted in the first big victim. The recent plunge in oil prices from about $100 to $50 per barrel since June 2014 has had and will have both positive and negative consequences in the energy sector and the overall economy of the U.S. Much has been said already on the enormous savings of the American consumer with 9 million barrels per day of gasoline consumption, but not as much as other fuels such as diesel, which is estimated at 4 million barrels of consumption per day.

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  15. The Popular (But Risky) Habit Of Cherry Picking Economic Data For Business Cycle AnalysisRead the original story w/Photo

    Wednesday Feb 25 | Seeking Alpha

    Fed Chairwoman Janet Yellen's Senate testimony yesterday suggested that the central bank is still on track to hike rates later this year, courtesy of the stronger economic trend. But the big day may arrive later than previously assumed.

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  16. Oil up on Saudi demandRead the original story w/Photo

    Wednesday Feb 25 | Business World

    Crude oil futures rose on Wednesday after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. A larger-than-expected U.S. crude inventory build reported by the government initially hemmed in bullish sentiment, while falling refined product inventories provided support.

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  17. Monopoly capitalism could slay high-tech electronicsRead the original story w/Photo

    Wednesday Feb 25 | Electronic Engineering Times Asia

    ... oil prices. This leaves no room for debate. And given this one-sided take on the oil industry, what benefits the OPEC leaves the rest at a disadvantage, regardless of the troublesome consequences. Going further, could such a thing as monopoly happen ...

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  18. Oil boom's end threatens pain for Latin AmericaRead the original story w/Photo

    Wednesday Feb 25 | Salt Lake Tribune

    ... ightens its grip on scarce dollars needed to import everything from food to auto parts. Also at risk, analysts say, is OPEC member Ecuador, which last month secured a $7.5 billion credit line from China to cope with the crisis.

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  19. Jordan's 6,000 Mosques Will Soon All Have Rooftop SolarRead the original story w/Photo

    Wednesday Feb 25 | ThinkProgress

    ... Bank's investment institution in the private sector. The European Investment Bank, the Eksport Kredit Fonden, the OPEC Fund for International Development (OFID), the Europe Arab Bank and the Capital Bank of Jordan also helped finance the project. By ...

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  20. UPDATE 2-Encana cuts 2015 budget after 85 pct fall in operating profitRead the original story

    Wednesday Feb 25 | Reuters

    ... by about 60 percent between June and January to a post-2009 low of $45 a barrel, with losses accelerating after OPEC decided in November to hold output at 30 million barrels per day to try to preserve its market share. Encana's fourth-quarter cash ...

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