News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
8 hrs ago | Reuters
Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.
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16 hrs ago | Seeking Alpha
The oil market cooled down in the past several weeks as the price of WTI oil reached $95 at one point last week.
18 hrs ago | Jerusalem Post
Investing.com - Brent oil futures traded near the previous session''s 14-month low on Tuesday, as concern eased over global conflicts from Ukraine to Libya and Iraq.
22 hrs ago | Nerve News
With the losses of state-run oil marketers on diesel sales below cost falling to under a rupee per litre, brokerage firm Goldman Sachs Tuesday estimated the monthly price hikes would end after September assuming that oil prices remain around the current $100 level.
Yesterday | AkiPress
Oil prices slid Monday as Iraqi and Kurdish forces made gains against Islamic insurgents, reducing investor concerns about threats to Iraq's oil production and exports.Iraqi and Kurdish forces recaptured the core of a critical dam on Monday, WSJ reports.
Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply.
A new study of the fluids used in the controversial practice of hydraulic fracturing, or fracking, shows that several of them may not be as safe as the energy industry says they are, and some are downright toxic.
Hedge funds cut bullish bets on Brent crude to the lowest level in two years as recovering production in Libya and a diminished threat to Iraqi output compounded concerns that the global market is oversupplied.
Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began and that a seventh tanker was being loaded at the terminal.
The IEA is worried that an uncertain investment climate in oil-exporting Middle Eastern countries may lead to a two million bpd shortfall and a $15 per barrel jump in oil prices by 2025.
The U.S. targeted Sunni militants' positions near Iraq 's largest dam in a sign of the expanding reach of airstrikes designed to push back the Islamic State.
The U.S. carried out airstrikes on Islamic State targets in northern Iraq to protect Yezidis and prevent damage to a critical dam, according to a U.S. Defense Department official.
Russia provides a large portion of Europe 's oil supply. So Ukrainian insistence that Russian humanitarian convoy being sent the eastern side of the embattled country in order to arm separatists created uneasy future expectations.
Iran plans to finish developing its giant South Pars gas field within three years, regardless of the sanctions on its economy, and is rescheduling a campaign to woo U.S. and European oil companies with investor contracts.
The monthly average of barrels per day produced of oil and NGL, split into OPEC - Crude Oil, OECD, non-OECD, processing gains and the total world supply.
Updated: Tue Aug 19, 2014 09:54 pm
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