News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
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This of course will move all markets, and this one will without a doubt be no different.
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Paolo Scaroni of Italy's Eni met with Iranian Oil Minister Bijan Zanganeh on Thursday, the first Western oil CEO to do so publicly with the minister since last month's interim nuclear deal, Reuters reported.
Libyan army recruits collect their beds on the first day of their training in Tripoli December 4, 2013.
The price of oil rose for a fourth straight day as the government reported the first drop in crude oil supplies in 11 weeks.
Energy ministers from Opec countries agreed yesterday to keep the group's target for crude output unchanged at 30mn bpd.
Nationwide local polls this weekend are President Nicolas Maduro 's first electoral test since taking power and will show what Venezuelans think of his socialist government's radical response to deepening economic problems.
Just the mention of Iran is enough to send chills down your spine. Remember the hostage crisis and the ensuing political dismemberment of Jimmy Carter? Then there was the Iran-Contra scandal where Reagan-era officials secretly provided embargoed arms in a failed exchange for hostages, and planned to funnel cash from the sale to support the ... (more)
Brent crude edged lower towards $111 a barrel on Thursday, after OPEC agreed to renew a collective oil production cap and some members talked about raising output next year.
The Canadian dollar was lower Wednesday morning even as the country's trade balance with the rest of the world moved from a deficit to surplus and traders looked to the Bank of Canada's mid-morning announcement on interest rates.
Libya hopes on Dec. 10 to reopen all its oil ports blocked by protesters over political and financial demands and resume full production about a week later, Oil Minister Abdelbari al-Arusi said on Wednesday.
With the ink barely dry on a nuclear deal that paves the way for warmer relations with the West, Iran's new leadership is making a push to patch up tensions with U.S. allies closer to home too.
Baku, Azerbaijan, Dec. 4 By Temkin Jafarov - Trend: Twelve country-members of OPEC, during the 164th meeting in Vienna, have agreed to keep the current oil production quote unchanged at 30 million barrels per day, Fars news agency reported.
The irony about karma is that you sometimes do not know if you are on the receiving end of bad or good karma.
Venezuelan President Nicolas Maduro said on Tuesday he had proof that a massive power outage was caused by saboteurs aiming to throw the country into chaos before municipal elections this weekend.
VIENNA: Iran will "immediately" export more crude oil once sanctions are lifted in the wake of the international deal to roll back its nuclear program, the country's oil minister said Tuesday, according to AFP.
Energy ministers from Iraq, Kuwait, Angola and Algeria expect OPEC to keep its crude production target unchanged tomorrow after Saudi Arabian Oil Minister Ali al-Naimi said the market is "in equilibrium."