News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
4 hrs ago | The Motley Fool
As these big spenders start to scale back their spending habits, both Schlumberger and Transocean should be especially nervous.
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8 hrs ago | Reuters
Libyan rebels controlling three oil export ports said on Saturday they were ready to negotiate with the government over ending their six-month blockade if Tripoli abandoned plans for a military offensive.
10 hrs ago | Arab Times
The latest demand estimate of 92.7 million barrels per day is an increase of 95,000 barrels a day above last month's forecast, with emerging markets expected to provide most of the gain, the International Energy Agency said.
15 hrs ago | Asheville Citizen-Times
Contributors are students Nathan Jones, Corey McClintock, Meghan McGreal, Sam Rossabi, Ben Shields and Leah Wormack.
South Korea's crude imports from Iran surged 104 percent in February from a year earlier as refiners hiked purchases ahead of maintenance shutdown starting from March, according to the country's customs data and a refining source.
The 2003 invasion of Iraq was a formidable maneuver that launched a 10+ year conflict.
Venezuela's foreign minister lambasted U.S. Secretary of State John Kerry on Friday as a "murderer" fomenting unrest that has killed 28 people in the South American OPEC member nation.
The U.S. government picked an unusual time to announce that it is putting up to 5 million barrels of oil from the Strategic Petroleum Reserve for sale.
WAM VIENNA, 14th March, 2014 --The price of OPEC basket of twelve crudes stood at 103.71 dollars a barrel on Thursday, compared with $103.75 the previous day, according to OPEC Secretariat calculations.
First it was the United States, which threatened Russia with economic sanctions and even a removal from the G-8 over their intervention in Ukraine and the Crimea.
The Organization of Petroleum Exporting Countries will cut crude exports this month to the lowest level since November as refinery demand slows in Europe and North America, according to tanker-tracker Oil Movements.
The price of oil dropped below US$98 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand and a report showed a rise in U.S. oil supplies.
Pataxo Indians living in Bahia, in northeastern Brazil, stand near the Esplanade of Ministries in Brasilia March 12, 2014.
The Queen Charlotte Saints basketball team huddles before the start of the third quarter in their game against the Walnut Grove Gators in Langley March 12, 2014.
North Korea denied on Thursday any responsibility for an oil tanker that loaded crude from a Libyan rebel-held port and fled the OPEC member state's attempt to seize it, saying the vessel that carried its flag was operated by an Egyptian firm.
Supporters and foes of Venezuelan President Nicolas Maduro took to the streets of Caracas again on Wednesday a month after similar rival rallies brought the first bloodshed in a wave of unrest round the OPEC member nation.