News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
3 hrs ago | Reuters
India's imports of Iranian crude tumbled about a fifth in the fiscal year ended in March, despite a surge of shipments in recent months that came after a deal easing sanctions on Tehran.
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12 hrs ago | Breitbart.com
The U.S. Energy Information Agency just reported that United States " proven reserves " of crude oil in 2012 jumped by 15.4% to 29.2 billion barrels.
14 hrs ago | The Motley Fool
This article was written by Oilprice.com -- the leading provider of energy news in the world.
The new edition includes articles about the expert comments on how the sanctions against Russia could affect the Central Asian countries, Kazakhstan's decision to keep its national currency in the Eurasian Economic Union, OPEC's expectation of 0.87 million barrels a day oil production in Azerbaijan this year, 150 cyclists' competition for victory ... (more)
The 150,000 barrel per day Petromonagas extraheavy crude upgrader, operated by Venezuela's state-run PDVSA and Russian oil company Rosneft, will undergo a three-week maintenance in June, a source close to the work told Reuters.
An oil tanker is due to load 1 million barrels of crude on Tuesday from Libya's recently reopened Hariga port, its first export shipment after a deal to end months of closures at its key terminals, the National Oil Corp. said.
Kuwait plans to increase oil output 23 percent by 2020 as improvements in how crude can be extracted allow the third-largest producer in OPEC to pump more.
Vienna, April 14 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $104.07 a barrel Friday, compared to $104.33 Thursday, according to the OPEC Secretariat.
Brent crude rose to a five-week high as tension escalated between Ukraine and Russia, the world's biggest energy exporter.
Iranian Oil Minister Bijan Zanganeh said oil production from the Islamic republic could increase even with harsh economic sanctions in place.
SansA3 defended ChA vez's energy policy, saying the comandante had helped revive OPEC, sending prices rising even before the Iraq war, and had had the vision to recognize Venezuela's oil was not just around Lake Maracaibo, in the west, but also in the center of the country along the Orinoco in a smiling arc known as the Faja.
Vienna, April 11 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $104.33 a barrel Thursday, compared to $104.22 Wednesday, according to the OPEC Secretariat.
The leaders of the Senate Energy and Natural Resources Committee have asked the Energy Information Administration to help them study issues related to lifting the ban on exporting crude oil.
Before opening the door to extensive oil exports, the U.S. should repeal the Jones Act, which requires that ships with cargo in U.S. waters between U.S. ports be built, registered, owned and crewed by Americans or permanent residents.