News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
57 min ago | Vanguard
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."
5 hrs ago | Al Bawaba
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)
In country after country it is now becoming clear that we are heading for outright deflation.
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."
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."
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.
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.
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.
Senate President David Mark, House of Representatives Speaker Aminu Tambuwal and former Vice President Atiku Abubakar have also paid tributes.
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.
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.
China will provide Venezuela with a $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela.
If Jon Karl is to be believed, the sky is falling and the world has never been deeper in a handbasket than it is right now.
China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four months, customs data showed on Monday.
Qatar isn't buying American tanks -- but with $11 billion to spend, that's about the only thing it is not buying.
Updated: Thu Jul 24, 2014 07:38 am
Copyright © 2014 Topix LLC