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

13 hrs ago | The Daily Star

Ecuador's President Correa sworn to second term

Ecuador's President Rafael Correa addresses the National Assembly during his inauguration ceremony in Quito May 24, 2013.

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Related Topix: South America, World News, Ecuador, Rafael Correa, Mikheil Saakashvili, Asia, Georgia, Hugo Chavez

14 hrs ago | Reuters

UPDATE 1-Schlumberger extends Venezuela's PDVSA $1 bln credit line

Venezuela's state oil company PDVSA will receive a revolving credit line of at least $1 billion from oil services giant Schlumberger, the OPEC nation's oil minister said on Friday.

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Related Topix: World News

Yesterday | Reuters

Tighter oil market will boost unloved energy stocks-Investec

A tighter oil market in the second half of 2013 will boost some energy stocks, which have trailed the rest of the equity market though the rally, said Charles Whall, co-manager of Investec's $1 billion-plus energy fund.

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Related Topix: World News

Thu May 23, 2013

The Huffington Post

Carl Pope: The Big Lie on Natural Gas Exports

Last week the Department of Energy gave approval to the Freeport LNG export terminal.

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Related Topix: Department of Energy, World News

Energy Tribune

Indonesia Energy Regulator Trims 2014 Oil Target

Indonesia's energy regulator says the country's oil production target next year is too optimistic, and wants it scaled back between roughly 4 percent and 8 percent, domestic media reported on Thursday.

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Related Topix: Southeast Asia, World News, Indonesia,

Canada NewsWire

Canadians Won't Pay More at the Pumps This Summer - Gasoline Prices...

Canadians Won't Pay More at the Pumps This Summer - Gasoline Prices Predicted To Be Similar to Last Year's Prices /CNW/ - Canadians can expect to pay about the same for gasoline this summer as last summer, while the price of natural gas could see an increase along with electricity prices, depending on where you live, said the National Energy Board ... (more)

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Related Topix: North America, Canada, World News

Bloomberg

OPEC to Keep Exports Stable Amid Supply Glut, Oil Movements Says

The Organization of Petroleum Exporting Countries will keep crude shipments little changed into early next month as abundant inventories cap demand, tanker tracker Oil Movements said.

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CFR.org

Is OPEC a Paper Tiger? A New Study Says Yes

We all know that OPEC colludes to keep oil off the market and prices high. Or do we? There is actually remarkably little agreement on whether OPEC is any good at what it aspires to do.

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Related Topix: World News

Al Bawaba

West Texas Intermediate (WTI) fared a little better

Crude oil prices fell below $100 for the first time since mid-2012 in April on seasonal factors and softening market fundamentals.

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Related Topix: World News

Free Republic

Indonesia energy regulator trims 2014 oil target -media

Indonesia's energy regulator says the country's oil production target next year is too optimistic, and wants it scaled back between roughly 4 percent and 8 percent, domestic media reported on Thursday.

Comment?

Related Topix: World News

Wed May 22, 2013

Al Bawaba

Saudi oil output is likely to be lower than its average, Kingdom needs fiscal reforms

The IMF said a drop in oil output and lower crude prices would likely result in smaller fiscal surpluses in 2013.

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Related Topix: Middle East, Saudi Arabia, World News

Autoblog

Read This: Is peak oil never going to happen?

You can make a coherent, logical argument for cars that don't burn gasoline without once mentioning global petroleum supply.

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Related Topix: World News

Oil and Gas Investor

Bernstein: 'Either Prices Must Rise Or Costs Must Fall'

An analysis of financial and production metrics of the 50 largest publically traded oil companies by Bernstein Research reveals that cost inflation has not abated for producers.

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Related Topix: World News

The Nation

PTT

PTT Plc Prepare investment expansions in Asean to support AEC According to the analyst meeting yesterday, PTT is preparing for overseas investments in ASEAN in order to support the AEC in 2015; most of the investments are mega projects in the countries which have higher petrochemical and petroleum demands than domestic supplies, so these projects ... (more)

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Related Topix: World News

Tue May 21, 2013

Southwest Farm Press

Commentary: News of lower summer fuel prices could be false flag

Last month USA Today reported U.S. pump prices on average were down 18 cents over the preceding four weeks and were expected to fall another 20 cents a gallon by June.

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Related Topix: Memorial Day, Life, Holidays, Agriculture, Science, World News, Eagle Ford, TX

Globe and Mail

Nigeria's $1-billion wealth fund to start investing in June

A view of the Nigeria stock exchange building in the central business district in Lagos April 10, 2013.

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Related Topix: Nigeria, World News

Reuters

Leaked recording stirs political furor in Venezuela

A recording released by Venezuela's opposition purportedly revealing graft and conspiracy in the ruling Socialist Party has stirred a new political storm in the OPEC nation's already traumatic transition after the death of Hugo Chavez.

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Related Topix: World News, Hugo Chavez

Reuters

Kuwaiti oil service workers on strike over pay -union

Around 80 percent of workers at Kuwait's main, state-run oil services company are on strike calling for better pay, a union official said on Tuesday, the latest sign of wage pressures in the Gulf Arab country.

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Related Topix: World News

Balkans.com

Iran's NIPO makes proposal to Turkey and Egypt to form an international petrochemical assocation

The National Iranian Petrochemical Organization has made a proposal to Turkey and Egypt to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries with Iran at a D8 meeting in Tehran.

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Related Topix: Middle East, Iran, World News,

Mon May 20, 2013

The Washington Post

WTI Crude Fluctuates Near One-Week High; Syria Starts Offensive

West Texas Intermediate crude swung between gains and losses near the highest level in a week.

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Related Topix: Electronic, Syrian, World News, West Midlands County, England, Warwickshire County, England, United Kingdom, Science / Technology