News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
2 hrs ago | The Miami Herald
The price of oil rose for a fourth straight day as the government reported the first drop in crude oil supplies in 11 weeks.
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6 hrs ago | Al Bawaba
Energy ministers from Opec countries agreed yesterday to keep the group's target for crude output unchanged at 30mn bpd.
6 hrs ago | The Baltimore Sun
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.
8 hrs ago | Free Republic
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."
As members of the Organization of the Petroleum Exporting Countries get ready for their last meeting of the year, set for Wednesday in Vienna, oil traders don't seem to care what the big oil producers say about the collective oil output quota.
Iraq is planning to lift oil output by more than a million barrels a day to over 4 million bpd in 2014, in what would be the country's biggest oil supply increase since the fall of Saddam Hussein a decade ago.
Iraq and northern Kurdistan appear to have found a formula that will allow the autonomous region to export oil to Turkey in a new pipeline, a step towards resolving a long-running dispute over land and oil rights.
Illinois lawmakers are set to consider a potentially historic plan to solve the state's worst-in-the-nation $100 billion pension crisis.