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OPEC News

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

5 hrs ago | Business Times

Indonesian leaders in talks on raising fuel prices before Oct: sources

Indonesia's outgoing president is in talks with his successor to increase heavily subsidised fuel prices before the new leader takes power, two sources close to the matter told Reuters.

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Related Topix: Indonesia, World News,

6 hrs ago | Nerve News

OPEC daily basket price closes tad lower

Vienna, July 25 The basket of 12 crude oils of the Organization of Petroleum Exporting Countries stood at $105.22 a barrel Thursday, against $105.30 Wednesday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

6 hrs ago | Nerve News

OPEC daily basket price closes lower

The basket of 12 crude oils of the Organization of Petroleum Exporting Countries stood at $105.30 a barrel Wednesday, against $105.74 Tuesday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

Thu Jul 24, 2014

Townhall

UN: A Club in Need of Higher Standards

As legend has it, Groucho Marx sent the Friars Club a telegram that read, "Please accept my resignation.

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Related Topix: World News, Opinion

Vanguard

Tribute to a titan

By DONU Kogbara Iwas absolutely devastated when I heard, at the beginning of this week, that my former boss, Dr Rilwanu Lukman, had died in Vienna, following a prolonged period of ill health.

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Related Topix: Nigeria, World News, Africa, Europe, United Kingdom

Vanguard

Jonathan calls for closer partnership between Nigeria, other OPEC nations

President Goodluck Jonathan on Thursday, called for closer ties between Nigeria and other members of the Organisation of Petroleum Exporting Countries .

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Related Topix: World News, Goodluck Jonathan

Vanguard

Attah lauds Rilwanu Lukman

FORMER Cross Akwa Ibom State governor, Obong Victor Attah, has described the late former Minister of Petroleum Resources, Alhaji Rilwanu Lukman, as a "consummate team player, who was always gallant in victory and gracious in defeat."

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Related Topix: Nigeria, Africa, World News

Al Bawaba

OPEC exports more petroleum products to Asia-Pacific in 2013

The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries , the Organization of the Petroleum Exporting Countries said its latest "Annual ... (more)

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Related Topix: World News

Reuters

Trial starts for Venezuela opposition leader Lopez

Jailed opposition leader Leopoldo Lopez went on trial in Venezuela on Wednesday, accused of masterminding anti-government protests that turned violent and left 43 people dead.

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Related Topix: Prison, Explosion, World News, Hugo Chavez

Wed Jul 23, 2014

Seeking Alpha

The Unanchoring Of Inflation Expectations - 1970s Style Monetary Policy, But Now With Deflation

In country after country it is now becoming clear that we are heading for outright deflation.

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Related Topix: World News

The Star Online

UN envoy urges Security Council demand end to Iraq insurgency

The U.N. special envoy to Iraq urged the United Nations Security Council on Wednesday to demand an end to "hostilities and atrocities" committed by Sunni Islamist militants, saying the insurgents pose a threat that "is not and will not be limited to Iraq."

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Related Topix: World News, Iraq, Terrorism

The Baltimore Sun

U.N. envoy urges Security Council demand end to Iraq insurgency

The U.N. special envoy to Iraq urged the United Nations Security Council on Wednesday to demand an end to "hostilities and atrocities" committed by Sunni Islamist militants , saying the insurgents pose a threat that "is not and will not be limited to Iraq."

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Related Topix: World News, Iraq

Reuters

U.S. boosts Iraq surveillance flights to 50 daily from one monthly

The United States has boosted the number of surveillance flights over Iraq to nearly 50 a day from one a month as it faces Sunni Islamist militants who control swaths of Iraqi territory, a top State Department official said on Wednesday.

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Related Topix: Middle East, Iraq, World News,

News24

.com | Fuel tanks hit in clashes near Libyan airport

Nigeria's president has reportedly vowed to bring back the more than 200 abducted schoolgirls, saying his government is doing everything possible to secure their release.

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Related Topix: World News, Africa, Libya, Muammar Gaddafi (Gadhafi)

Russia Taday

$200 per barrel oil if Russia sanctions escalate- Oxford Economics

If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.

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Related Topix: World News

Tue Jul 22, 2014

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

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

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