OPEC Newswire (Page 5)

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

Results 81 - 100 of 18,987 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Oil price rebounds amid US demand for gasRead the original story w/Photo

    Sunday | The Age

    Oil has rallied 24 per cent from its January lows and is now trading at four-month highs thanks to strong US demand for petrol - but the overall trend remains bearish, Deutsche Bank and OPEC say. "US product demand in the first quarter [of 2015] was the strongest since 2003, suggesting that lower prices are stimulating demand," Deutsche Bank said in a research note.

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  2. Hedge Funds Turn Most Bullish on Oil in 8 Months as Output SlowsRead the original story w/Photo

    Sunday Apr 19 | Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. U.S. drillers idled oil rigs for the 19th straight week in the seven days ended April 17 to bring the total count down to 734, the lowest level since November 2010, according to Baker Hughes Inc. Photographer: Daniel Acker/Bloomberg Hedge funds increased bets on rising oil prices to an eight-month high amid signs U.S. production is slowing.

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  3. The mirage of fossil fuel wealth - our energy future is green, renewable, decentralisedRead the original story w/Photo

    Friday Apr 17 | The Ecologist

    The fossil fuel industry is increasingly resembling a cargo-cult, writes Vicente Lopez-Ibor Mayor, exemplified by the hysteria over the claimed 'discovery' of 100 billion barrels of oil beneath Gatwick airport. Why the desperate efforts to smear lipstick on the fossil energy pig? Because its time will soon be gone, thanks to abundant and ever cheaper decentralised renewables.

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  4. Energy outlook shows promise for good grilling demandRead the original story w/Photo

    Wednesday Apr 15 | Beef Magazine

    When the Organization of the Petroleum Exporting Countries made its historic decision last November to keep the black gold flowing, crude oil prices took an immediate and precipitous tumble. Oil that had been trading at $100 per barrel or more sank by half and gasoline prices soon followed.

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  5. Gas Prices Jump: $2.22 at some discounters.Read the original story w/Photo

    Mar 17, 2015 | WGNS-AM Murfreesboro

    The most expensive oil of 2015 triggered increases at the gas pump, and prices could continue to climb this week. Here in the 'Boro the price per gallon for regular gas jumped to $2.22 at some discounters.

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  6. Shale as World's Swing Producer Signals - Jagged' Future for OilRead the original story

    Sunday | The Washington Post

    With OPEC ceding control for the first time since the 1980s, U.S. shale oil has been anointed the world's new "swing producer" by everyone from ConocoPhillips and Goldman Sachs Group Inc. to former Fed Chairman Alan Greenspan. Producers cut billions in spending, idled half the country's rigs and kept more than 3,000 wells off the market, and it still took five months for U.S. production to start dropping.

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  7. Crude oil is projected to fluctuate in the futureRead the original story

    Sunday | Tyler Morning Telegraph

    ... products, less upstream investment by the Organization of the Petroleum Exporting Countries (OPEC), and higher non-OPEC exploration and development costs. These factors all contribute to a rise in the average spot market price for Brent crude oil to ...

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  8. Venezuela proposes novel OPEC oil blending deal to fight for market shareRead the original story

    Sunday Apr 19 | Reuters

    Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadian supplies. The proposal, which would expand on a pilot scheme involving Algerian oil last year, envisions supplying refineries built for medium-grade crudes rather than the light oil that has become plentiful as a result of the North American shale boom, said the head of state oil company PDVSA, Eulogio del Pino.

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  9. PDVSA and partners sell about $75 mln/month at new Venezuela forex rateRead the original story

    Sunday Apr 19 | Reuters

    ... Corp, ONGC, and Rosneft, amid operating difficulties stemming from delayed dividends and exchange rate complications. OPEC member Venezuela is counting on the Orinoco region, a largely unpopulated area of 70,000 square kilometers with a huge 259 ...

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  10. Nigeria, Algeria See Oil Prices Staying Low for a Long TimeRead the original story

    Sunday Apr 19 | The Washington Post

    Oil prices are likely to stay low for a long time after falling more than 40 percent in the past year, said officials from two OPEC nations. Nigeria and Algeria both warned that oil prices, currently at around $60 a barrel, probably won't recover to the 2011-2013 level of more than $100 a barrel.

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  11. Iraqis retake BaijiRead the original story

    Sunday Apr 19 | Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Iraqi security forces have regained full control of the Baiji oil refinery after clearing out remaining Islamic State fighters, the U.S. military said Sunday.

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  12. Commodities markets summaryRead the original story w/Photo

    Sunday Apr 19 | Sydney Morning Herald

    World oil prices have run out of steam after six days of gains, amid concerns about abundant global supplies, heightened by quota-breaking OPEC production. West Texas Intermediate for delivery in May sank 97 cents to close at $US55.74 a barrel on the New York Mercantile Exchange on Friday.

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  13. Maduro marks two years in power in tough timesRead the original story w/Photo

    Sunday Apr 19 | Yahoo!

    Embattled President Nicolas Maduro marks two years in power Sunday with Venezuela's deep pockets pinched hard by plummeting oil prices, Latin America's highest inflation and simmering anger on the streets. "It is very clear that Venezuelans of all socioeconomic groups have seen their quality of life lose ground.

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  14. Sabic Surges Most Since 2010 After Quarterly Net Beats EstimatesRead the original story

    Sunday Apr 19 | Bloomberg

    ... the most in more than three decades and Saudi Arabia, the world's biggest oil exporter, led a November decision by OPEC to ignore calls to cut output. The six-nation Gulf Cooperation Council, which includes the kingdom, is home to about a third of ...

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  15. Saudi-led air strikes continue in Yemen, one ground force member killedRead the original story w/Photo

    Sunday Apr 19 | Reuters

    ... local rivalries, has been described as a proxy war between predominately Sunni Saudi Arabia and Shi'ite Iran, both top OPEC oil producers. Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code The ...

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  16. Yields ease as fiscal 'concerns' subside; issuance bounces backRead the original story

    Saturday Apr 18 | Arab Times

    ... have helped sooth investor sentiment. As a result, sovereign yields have recovered from their December spike when OPEC announced it would not support falling global oil prices. Yields on five year paper settled at 1.81%, 3.63%, 3.00%, and 2.26%, for ...

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  17. Yemen rejects Iranian peace plan, calls is 'political maneuver' to dominate regionRead the original story w/Photo

    Saturday Apr 18 | Jerusalem Post

    ... local rivalries, has been described as a proxy war between predominantly Sunni Saudi Arabia and Shi'ite Iran, both top OPEC oil producers. The Iranian plan calls for an immediate ceasefire and end of all foreign military attacks, humanitarian ...

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  18. Is Hyperinflation in Our Near Future? Recent Developments Suggest It May Well BeRead the original story w/Photo

    Saturday Apr 18 | OpEdNews

    ... as the world's preeminent oil profiteers, while knocking the US down a peg or two in the process. " Saudi Arabia and OPEC may have just launched an Oil War ," reports one award-winning journalist. "It's a matter of national defense . OPEC wants to ...

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  19. Yemen rejects 'strategic' Iranian peace planRead the original story w/Photo

    Saturday Apr 18 | ABC News

    ... local rivalries, has been described as a proxy war between predominantly Sunni Saudi Arabia and Shiite Iran, both top OPEC oil producers. The Iranian plan called for an immediate ceasefire and end of all foreign military attacks, humanitarian ...

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  20. Thousands of Yemeni troops along Saudi border side with President HadiRead the original story w/Photo

    Sep 13, 2011 | Turkish Daily News

    ... local rivalries, has been described as a proxy war between predominantly Sunni Saudi Arabia and Shi'ite Iran, both top OPEC oil producers. The Iranian plan calls for an immediate ceasefire and end of all foreign military attacks, humanitarian ...

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