News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
2 hrs ago | Brandon Sun
The price of oil jumped above $98 a barrel Tuesday amid expectations that crude stockpiles fell for the second week in a row and optimism over economic data from the U.S. and China.
Is America's government too big?
Should all gun buyers receive a background check?
The just published WORLD ENERGY OUTLOOK 2013 by the Paris based International Energy Agency provides us with an authoritative assessment of trends and systemically significant developments in global energy.1 They serve as the basis for projections of where we will be in 2035 that are presented in three scenarios.
DUBAI: Iran has begun meeting international oil company heads and plans to speak with more as soon as March to seek investment in its energy industry once world powers lift sanctions, the state's oil minister said.
The cartel met last week in Vienna and agreed to keep production unchanged at 30 million barrels of crude per day .
Gheit says 20-30% of the current oil price reflects a "supply risk premium" that will disappear when Iran's nuclear issue is finally resolved.
A Kuwaiti court on Monday acquitted 70 members of the country's opposition, including several former lawmakers, of charges related to the 2011 storming of the parliament in the oil-rich nation.
WAM VIENNA, 9th December, 2013 -- The price of OPEC basket of twelve crudes stood at 108.00 dollars a barrel on Friday, compared with $108.22 the previous day, according to OPEC Secretariat calculations.
Recognition came the way of Nigeria's Minister of Petroleum, Mrs. Diezani-Alison-Madueke as she was appointed late last week at the 164th meeting of the Conference of the Organization of the Petroleum Exporting Countries as alternate president of the group.
Venezuelans vote in municipal elections on Sunday that are the biggest political test yet for President Nicolas Maduro as he tries to halt an economic slide and preserve the radical socialist legacy of his late mentor Hugo Chavez.
The politically correct west's misreading of the Iranian's true intentions led to a bad agreement that allows Iran's grand design to move forward.
Senators from Mexican President Enrique Pena Nieto's centrist Institutional Revolutionary Party and the conservative National Action Party presented a broad energy reform on Saturday aimed at lifting the country's lagging oil, natural gas and electricity interests into the modern age and driving growth in Latin America's second-largest economy.
Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday.
Considering the company's CEO said last month they wanted to expand Lukoil's presence in China with increased exporting of oil and gas, the recent power outage in Venezuela, which affected 70% of the country's population, may only intensify the allure of gaining Asia partners, especially since they already have relationships with PetroChina .
The Saudi princes are nervous; 92% of Saudi Arabia's annual budget depends on oil sales.
VIENNA, Dec 5, : President of the 164th Conference of the Organization of the Petroleum Exporting Countries and Kuwaiti Deputy Premier and Minister of Oil Mustafa Al-Shimali welcomed Wednesday the conference decision to maintain oil output ceiling.