OPEC Newswire (Page 5)

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

Results 81 - 100 of 52,617 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Oil demand growth slowingRead the original story

    Thursday Sep 11 | Business World

    ... time in over a year, weighed down by a combination of slowing demand growth and abundant supplies. The IEA expects non-OPEC supply to expand by 1.6 million bpd in 2014, and by another 1.3 million bpd in 2015 on the back of the shale oil boom in ...

    Comment?

  2. OPEC daily basket price slides over a dollar lowerRead the original story

    Thursday Sep 11 | Nerve News

    Vienna, Sep 11 The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries slid to $95.93 a barrel Wednesday -- more than a dollar lower than the $96.99 a barrel figure for Tuesday, the OPEC Secretariat said. The new OPEC reference basket comprises Saharan Blend , Girassol , Oriente , Iran Heavy , Basra Light , Kuwait Export , Es Sider , Bonny Light , Qatar Marine , Arab Light , Murban and Merey .

    Comment?

  3. Brent falls below $98Read the original story

    Thursday Sep 11 | Business World

    ... a time when demand is weak. The Organization of the Petroleum Exporting Countries has cut its forecasts for demand for OPEC crude this year and the next, pointing to a surplus of more than 1 million barrels per day in 2015 if OPEC keeps output at ...

    Comment?

  4. IEA Cuts Oil-Demand Estimates as Saudi Exports Drop to 2011 LowRead the original story

    Thursday Sep 11 | Bloomberg

    ... with an average of 1.4 million a day in the first five months of the year. The kingdom said in a submission to OPEC that it reduced production in August by 408,000 barrels a day to 9.6 million a day, the organization's monthly report showed ...

    Comment?

  5. Saudi oil minister plays down concerns about oil price ...Read the original story w/Photo

    Thursday Sep 11 | The Peninsula

    RIYADH: Saudi Oil Minister Ali al-Naimi on Thursday played down concerns about the recent fall in oil prices below $100 per barrel. The kingdom's current output is around 9.6 million barrels per day , according to the Organization of the Petroleum Exporting Countries .

    Comment?

  6. Oil prices down after Obama speech on...Read the original story w/Photo

    Thursday Sep 11 | Suria

    Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even as US President Barack Obama vowed to destroy jihadist militants in Syria and Iraq. US benchmark West Texas Intermediate for October delivery eased 14 cents to $91.53 while Brent crude for October fell four cents to $98.00 in afternoon trade.

    Comment?

  7. WTI Set for Lowest Close in 16 Months on Supplies; Brent SlidesRead the original story

    Thursday Sep 11 | The Washington Post

    ... as 0.7 percent after Saudi Arabia's oil minister, Ali al-Naimi, said he's not worried about the decline in prices. OPEC trimmed its output target by the most in three years amid surging U.S. production. "It's the potential for oversupply and the ...

    Comment?

  8. UPDATE 1-Brent holds above $98 on Mideast concerns; oversupply worries cap gainsRead the original story

    Thursday Sep 11 | Reuters

    ... a time when demand is weak. The Organization of the Petroleum Exporting Countries has cut its forecasts for demand for OPEC crude this year and the next, pointing to a surplus of more than 1 million barrels per day in 2015 if OPEC keeps output at ...

    Comment?

  9. WTI Oil Trades Near 8-Month Low on Adequate Supply; Brent SteadyRead the original story

    Thursday Sep 11 | The Washington Post

    ... level since 1986, the Energy Information Administration said. Brent closed below $100 a barrel for a second day as OPEC trimmed its output target by the most in three years amid surging U.S. production. "It's the potential for oversupply and the ...

    Comment?

  10. Asian shares tread cautiously after Obama speechRead the original story w/Photo

    Thursday Sep 11 | MSN Money

    ... higher rates from the Fed. U.S. crude inched 0.2 percent lower to $91.52 per barrel, weighed down by rising supply, as OPEC lowered projected demand for its crude and data showed a jump in U.S. refined product stocks.

    Comment?

  11. Oil Demand Growth Slowing at 'Remarkable' PaceRead the original story

    Thursday Sep 11 | Marine News

    ... time in over a year, weighed down by a combination of slowing demand growth and abundant supplies. The IEA expects non-OPEC supply to expand by 1.6 million bpd in 2014, and by another 1.3 million bpd in 2015 on the back of the shale oil boom in ...

    Comment?

  12. Brent Crude Falls Below US$98Read the original story w/Photo

    Thursday Sep 11 | Marine News

    Brent crude dropped below $98 a barrel on Thursday, falling for the sixth straight session, as worries about ample supply and weak demand, which have dragged prices to 17-month lows, outweighed geopolitical concerns in the Middle East. * US air strikes could threaten Islamic reprisals -risk manager * OPEC predicts 1 million bpd supply surplus in 2015 * WTI could drop to $85 a barrel -Ayers Alliance The market was concerned about the impact of the expansion of U.S. military action, with its plans for air strikes in Syria and more attacks in Iraq, on the latter's oil output, said Phin Ziebell, economist at the National Australia Bank in Melbourne.

    Comment?

  13. Oil demand growth slowing at 'remarkable' pace -West energy agencyRead the original story

    Thursday Sep 11 | Reuters

    ... time in over a year, weighed down by a combination of slowing demand growth and abundant supplies. The IEA expects non-OPEC supply to expand by 1.6 million bpd in 2014, and by another 1.3 million bpd in 2015 on the back of the shale oil boom in ...

    Comment?

  14. 11:27 Asian shares tread cautiously after Obama speech on air strikes against ISRead the original story w/Photo

    Wednesday Sep 10 | AkiPress

    ... Fed. U.S. crude CLc1 steadied at $91.72 per barrel, after dropping to a 16-month low on Wednesday on rising supply, as OPEC lowered projected demand for its crude and data showed a jump in U.S. refined product stocks.

    Comment?

  15. Saudi Arabia Cuts Production as Brent Slips Below $100 a BarrelRead the original story

    Wednesday Sep 10 | The Washington Post

    ... demand rises, Nawal al-Fezaia, Kuwait's governor to OPEC, told reporters in Kuwait yesterday. There's no need for OPEC to cut output because prices will recover once demand for winter fuel increases, Thamir Al- Ghadhban, senior adviser to the Iraqi ...

    Comment?

  16. Kuwait not worried by slide in global oil prices, says officialRead the original story

    Wednesday Sep 10 | Arab Times

    ... meeting of oil ministers Thursday. The GCC groups Kuwait, Qatar, Saudi Arabia and the United Arab Emirates, which are OPEC members and pump more than half of the 30 million barrels a day the organisation produces. Oman and Bahrain are the other two ...

    Comment?

  17. Lamphier: Oil prices continue tumble despite Mideast turmoilRead the original story w/Photo

    Wednesday Sep 10 | Edmonton Journal

    In a cheeky new video game called Aura of Power, a red-headed character named Alison tries to get to the Skypalace while collecting diamonds, burning taxpayer dollars and leaping over journalists. On her way through the city, she passes signs that point her to the airport and negotiates treacherous icebergs.

    Comment?

  18. Tech helps Wall Street recover lost groundRead the original story w/Photo

    Wednesday Sep 10 | Reuters

    Summary: Strength in companies related to mobile payments surged one day after Apple unveils Apple Pay; Twitter gains on ad sales optimism; Oil slumps to 2014 low. Conway G. Gittens reports.

    Comment?

  19. Global Markets-Asian shares wary before Obama speech, dollar soars vs yenRead the original story

    Wednesday Sep 10 | Reuters

    ... the Fed. U.S. crude steadied at $91.72 per barrel, after dropping to a 16-month low on Wednesday on rising supply, as OPEC lowered projected demand for its crude and data showed a jump in U.S. refined product stocks. (Editing by Shri Navaratnam)

    Comment?

  20. End of dollar? Russia and China in works to create new SWIFT systemRead the original story w/Photo

    Wednesday Sep 10 | Examiner.com

    On Sept. 10, First Deputy Prime Minister Igor Shuvalov of Russia announced that Russia and China are in the works to create an alternative replacement to the long-standing SWIFT system, and end for good the dollar as the sole reserve currency in the global financial system.

    Comment?