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OPEC News

News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.

17 hrs ago | Reuters

IMF raises Saudi economic growth forecast to 4.6 pct for 2014

Saudi Arabia's economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the private sector, the International Monetary Fund said on Monday.

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Related Topix: World News, Middle East, Saudi Arabia

22 hrs ago | Nerve News

OPEC daily basket price closes lower

Vienna, July 22 The basket of 12 crude oils of the Organization of Petroleum Exporting Countries stood at $105.07 a barrel Monday, against $105.54 last Friday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

Mon Jul 21, 2014

In-depth Africa

Ex-Oil Minister Lukman is dead

Senate President David Mark, House of Representatives Speaker Aminu Tambuwal and former Vice President Atiku Abubakar have also paid tributes.

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Related Topix: World News, Nigeria, Africa,

Reuters

UPDATE 1-Hedge funds slash higher Brent oil bets 25 pct in price rout -ICE

Hedge funds and other large speculators slashed their bets on higher Brent crude oil prices by almost 25 percent in the week to July 15, ICE said on Monday, as prices collapsed to their lowest in three months.

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Related Topix: World News

Customer Interaction Solutions

Nigeria's two time oil minister, OPEC leader dies at 75 [Agence de Presse Africaine]

Nigeria's long serving former petroleum minister and head of OPEC, Dr. Rilwanu Lukaman, has died at the age of 75, family sources told APA on Monday.Lukman served as minister of petroleum between 1986 and 1990, and then again between 2008 and 2010, in addition to heading state-run Nigerian National Petroleum Corporation between 1999 and 2003.

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Related Topix: World News

Reuters

China provides $4 billion credit line to Venezuela

China will provide Venezuela with a $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela.

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Related Topix: World News, Xi Jinping, Hugo Chavez

Crooks and Liars

ABC's Jon Karl Has The Memory Of A Flea

If Jon Karl is to be believed, the sky is falling and the world has never been deeper in a handbasket than it is right now.

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Related Topix: World News, Asia, Afghanistan, US News, Liberal Political News

Reuters

UPDATE 1-China's June crude imports from Iran up 38 pct y/y

China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four months, customs data showed on Monday.

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Related Topix: World News

KDWN

Oil price remains high on global turmoil

Concern that conflicts and rising tensions in the Ukraine and the Middle East could disrupt supplies sent oil prices higher this week, though the world appears to have an ample supply of crude and supplies have not been affected.

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Related Topix: World News

Sun Jul 20, 2014

The Motley Fool

This Small Country Just Landed America's Biggest Weapon Sale in 2014

Qatar isn't buying American tanks -- but with $11 billion to spend, that's about the only thing it is not buying.

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Related Topix: Department of Defense, US News, World News

Trend

Iran rejects selling oil to Greece, Sri Lanka, South Africa

By Milad Fashtami - Trend: Mohsen Qamsari, an official with the National Iranian Oil Company, said on July 20 rejected the claims that Iran is selling crude oil to Greece, Sri Lanka, and South Africa.

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Related Topix: World News

Sat Jul 19, 2014

The Motley Fool

America Has Saved the World From a Global Oil Crisis

By now, you've probably heard of all the benefits that the U.S. shale boom has brought: We're importing less oil, production is supporting job growth, industries are coming back to the U.S. because of the energy savings, etc.

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Related Topix: Peak Oil, World News

Fri Jul 18, 2014

Lipper HedgeWorld News

Old-school traders of physical oil teach hedge funds a lesson

A near 10 percent drop in international oil prices since last month has taught a painful lesson to many hedge funds and other speculators in energy futures: you can ignore physical markets for only so long.

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Related Topix: World News

ABC News

Oil Price Remains High on Global Turmoil

Concern that conflicts and rising tensions in the Ukraine and the Middle East could disrupt supplies sent oil prices higher this week, though the world appears to have an ample supply of crude and supplies have not been affected.

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Related Topix: World News

Mother Jones

Iran's Oil Exports Have Fallen By Half Since Sanctions Were Imposed

If you're curious about the impact of economic sanctions on Iran, OPEC's newly-released 2014 statistical bulletin provides a pretty concrete look.

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Related Topix: World News

UPI

Asia-Pacific taking on most OPEC crude

Asia-Pacific economies took on more crude oil from OPEC in 2013 than any other region in the world, the organization said in an annual report published Friday.

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Related Topix: World News

Thu Jul 17, 2014

Lucianne.com

Next 25 Articles

Brussels & Vienna - With talks between world powers and Iran over a broad nuclear accord at an impasse, Western governments are considering offering a significant easing of sanctions early on in the process to try to wring concessions from Tehran, diplomats say.

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Related Topix: World News

Silicon Alley Insider

Oil Prices Are Up After The US Sanctions The World's Largest Publicly-Traded Oil Company

WTI crude is up 1.0% to $102.19/barrel and Brent crude is up 0.6% to $107.81/barrel.

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Related Topix: World News

Reuters

West considers early sanctions moves in troubled Iran nuclear talks

With talks between world powers and Iran over a broad nuclear accord at an impasse, Western governments are considering offering a significant easing of sanctions early on in the process to try to wring concessions from Tehran, diplomats say.

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Related Topix: World News

ARMINFO news agency

ARARATBANK attracts $10 million from OFID for SME crediting

ARARATBANK and The OPEC Fund for International Development have signed a credit agreement at $10 million, press-service of the bank reported.

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Related Topix: World News

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