News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
3 hrs ago | Bloomberg
Surging U.S. crude output is making Latin American oil cheaper than supplies from the Middle East , spurring Asian refiners to accelerate their purchases from Venezuela, Mexico and Colombia.
Should the US stop sending aid to developing countries?
Could you survive the end of civilization?
8 hrs ago | Wall Street Journal
Saudi Arabia won't unilaterally cut oil production as it and fellow OPEC members discuss how to cope with a possible increase in global crude output, according to people familiar with the matter.
11 hrs ago | Trend
The New Year begins in Iran on March 20 and the amount of next year's budget is planned to hit 7830 riyals .
14 hrs ago | AlertNet
Phantom businesses account for about 40 percent of buyers of dollars through Venezuela's currency control system this year in a massive fraud costing the OPEC nation billions of dollars, the country's intelligence chief said.
18 hrs ago | Today.Az
By AzerNews Azerbaijan, one of the world's 20 largest oil exporters in 2012, will record higher oil output this year.
The Irving, Texas, company's public support for crude exports comes as it forecasts decades of abundant supplies of petroleum in the U.S. and elsewhere as well as increasing global demand for oil, according to its annual energy outlook set to be released on Thursday.
Nigeria's Senate launched an investigation on Wednesday into a letter written by the central bank which said that the state-oil firm NNPC failed to pay $50 billion of revenue from oil sales into government accounts.
WAM VIENNA, 11th December, 2013 -- The price of OPEC's basket of twelve crudes stood at US$106.83 dollars a barrel on Tuesday, compared with $107.72 the previous day, according to OPEC Secretariat calculations.
China's implied oil demand rose 1.5 percent in November from the preceding month to a five-month high, as two major refineries restarted after an overhaul, but full-year growth is heading for the weakest rise in at least five years.
European Union finance ministers are likely to take a political step towards creating a banking union with powers to close down failing banks, but leave nagging legal details to another time, perhaps next week.
Leaders of a movement seeking autonomy for Libya's eastern Cyrenaica region said on Tuesday they could allow oil exports to resume on Sunday from several ports, if Tripoli meets their demands and allows the region to take its share of crude.
This is the scientific paper that should stop all Arctic drilling now. It should also stop the controversial Keystone XL pipeline.
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.
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 .