OPEC Newswire (Page 5)

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

Results 81 - 100 of 45,690 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Lower gas prices could mean economic impact down the roadRead the original story w/Photo

    Wednesday | KTAR

    ... has grown fierce," the New York Times reports. "Venezuelan Foreign Minister Rafael Ramirez called for an emergency OPEC meeting to (persuade) member countries (to) cut production to keep prices above $100," reports the Associated Press . The decline ...

    Comment?

  2. An identity crisis? Khamenei denounces Iran's oil relianceRead the original story w/Photo

    Wednesday | Al Bawaba

    ... price falls, Rouhani and his moderate government have been careful not to antagonize the kingdom, which is a fellow OPEC member and regional rival, in the interest of better future ties. OPEC's second-largest producer, Iran is normally among the ...

    Comment?

  3. Fairer share of mining profits still part of Whitlam's unfinished businessRead the original story

    Wednesday | Crikey

    For all Gough Whitlam did, he also left Australia some unfinished business - particularly, how can the Australian public get a fairer share of the profits from the extraction of its non-renewable resources, flowing largely to foreign-owned mining companies? The quandary helped Whitlam come undone, as it did Kevin Rudd. As this excellent radio documentary produced in 2012 for the ABC's Rear Vision program showed , both sides of politics in Whitlam's day feared Australia was "selling off the farm" to foreign miners like America's Utah, which were repatriating profits overseas.

    Comment?

  4. GAO: Oil Exports Would Lower Gas PricesRead the original story

    Wednesday | CSP

    As the Obama administration weighs lifting restrictions on crude-oil exports, a new report by the U.S. Government Accountability Office lends support to the move. The GAO reviewed studies that examine the impact of removing crude-oil export restrictions and interviewed stakeholders.

    Comment?

  5. Saudi Arabia raises stakes in oil war with steady production, price cutRead the original story

    Wednesday | Washington Times

    ... all-out economic collapse if the price drop is sustained. The radical states have been among the most vocal members of OPEC to express alarm. Venezuela is calling for an emergency meeting of the cartel to forge a pact to curb production and prop up ...

    Comment?

  6. WTI Trades Near 2-Year Low After Stockpile Increase; Brent HoldsRead the original story

    Wednesday | The Washington Post

    ... of Petroleum Exporting Countries needs to reduce crude output by at least 500,000 barrels a day, Samir Kamal, Libya's OPEC governor, said by e-mail yesterday. "Oil's getting a downward push today due to the expanding stockpiles data," Hong Sung Ki, ...

    Comment?

  7. Libyan Rival Regimes Keep Oil Flowing From Split Nation: EnergyRead the original story

    Wednesday | The Washington Post

    Libya's warring factions have pledged to keep the North African country's crude flowing, putting pressure on other OPEC nations to curb output when the group supplying 40 percent of the world's oil meets next month. Libya's production has risen even as violence and political disputes have left the country under the rule of two competing administrations: the internationally recognized government of Abdulla al-Theni and the Islamist-led cabinet of Omar al-Hassi.

    Comment?

  8. The Economics of Oil ExtractionRead the original story w/Photo

    Wednesday | Investopedia

    ... see the profits disappear with low oil prices because their cost per barrel requires a higher price per barrel than OPEC and other competing nations need to keep producing. From the exploration phase with its seismic and land costs right to the ...

    Comment?

  9. Low Oil Prices Hurting U.S. Shale OperationsRead the original story

    Wednesday | Scoop

    ... uction begins to decline in a significant way. What happens next will be largely determined by the outcome of the next OPEC meeting in Vienna onNov. 27 , where all eyes will be on Saudi Arabia.

    Comment?

  10. 3 Oil Blue Chips, With High Dividend Yields, To Accumulate At DiscountRead the original story w/Photo

    Wednesday | Seeking Alpha

    ... a similar scenario unfold but back then Saudi Arabia, the OPEC's largest producer, decided to curb production. Other OPEC members did not follow suit. This resulted in a significant decline of market share for Saudi Arabia, meanwhile the prices ...

    Comment?

  11. U.S. To Produce More Oil & Gas Than Russia...For DecadesRead the original story w/Photo

    Wednesday Oct 22 | Forbes.com

    ... markets. The U.S. shale oil and gas renaissance has effectively stripped Russia from its status as biggest non-OPEC oil producing state. And Russia won't recover for the next 25 years. Or more, according to the U.S. Energy Information Agency. U.S. ...

    Comment?

  12. Where the World's Oil Will Come FromRead the original story w/Photo

    Wednesday Oct 22 | Forbes.com

    World oil production is on the rise, going from 87.8 million barrels a day in 2011 to 97.6 million a day in 2020. However, OPEC's share of the world's oil production is not going down.

    Comment?

  13. Falling oil prices stretch Venezuela's books amid exchange rate, subsidiesRead the original story w/Photo

    Wednesday Oct 22 | The China Post

    ... leum Exporting Countries (OPEC) to try to halt sliding prices. He said the price drop was due to overproduction in non-OPEC countries - a reference to shale oil, which is booming in the United States and reshaping the global energy market.

    Comment?

  14. Drilling, services companies most vulnerable to oil price collapse, Moody's saysRead the original story

    Wednesday Oct 22 | SNL Financial

    ... coming out of Saudi Arabia, and that's primarilya a perception issue. Saudi Arabia is the largest producer within OPEC and I think the market's expectation was that [the Saudis] would react to increasing global supply by decreasing their production ...

    Comment?

  15. Oil prices blindsided by technologyRead the original story w/Photo

    Wednesday Oct 22 | Red Deer Advocate

    ... up by cutting their own production, have clearly decided not to do so. Their concern is for the long-term power of the OPEC cartel, which used to be strong enough to set the price of oil. That never will be true again unless they can drive the ...

    Comment?

  16. Lower oil prices push Russia toward recessionRead the original story w/Photo

    Wednesday Oct 22 | Windsor Beacon

    If sanctions, inflation and political risk weren't enough, falling oil prices are pushing Russia's already beleaguered economy toward recession. The price of Brent crude oil, a global benchmark, hit a four-year low last week, plunging to below $83 per barrel from $116 in June. 4 comments

  17. UPDATE 1-Venezuela says to avoid costly foreign borrowingRead the original story

    Wednesday Oct 22 | Reuters

    President Nicolas Maduro said on Wednesday that the South American OPEC member would avoid more borrowing on international markets because of rising costs as a result of worsening credit risk perceptions. "We are not going to use or ask for credit, in those conditions the global capitalist banks want to impose," Maduro said in a speech on state TV.

    Comment?

  18. The Independent Investor: OPEC's Oil...Read the original story w/Photo

    Wednesday Oct 22 | IBerkshires

    ... said that $80 a barrel for a year or two would be just fine with them even though that level of pricing would hurt all OPEC members, and some more than others. Venezuela, for example, is in such bad shape that oil at that level would probably force ...

    Comment?

  19. UPDATE 8-Oil dives after big U.S. weekly crude stock buildRead the original story

    Wednesday Oct 22 | Reuters

    ... oil patch or Canada's costly oil sands reserves. "The market is going to push $80 again because they want to test OPEC into cutting production," said Andrew Lipow of Lipow Oil Associates. "Other countries in the region require higher prices in order ...

    Comment?

  20. WTI Crude Declines to Two-Year Low as U.S. Inventories IncreaseRead the original story

    Wednesday Oct 22 | The Washington Post

    ... of Petroleum Exporting Countries needs to reduce crude output by at least 500,000 barrels a day, Samir Kamal, Libya's OPEC governor, said by e-mail today. It's the first time since the market collapse that an OPEC member has suggested how much ...

    Comment?