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OPEC News

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

56 min ago | Examiner.com

Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world.

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Related Topix: World News

1 hr ago | Voice of America

Indonesia's New President Discusses Budget With Predecessor

Indonesia's President Susilo Bambang Yudhoyono, right, greets President-elect Joko Widodo during their meeting in Bali, Aug. 27, 2014.

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Related Topix: Southeast Asia, World News, Indonesia, Susilo Bambang Yudhoyono

3 hrs ago | Iol.co.za

Algeria to launch R2.8 trillion plan

Algeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said.

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Related Topix: Algeria, Africa, World News, Abdelaziz Bouteflika

4 hrs ago | UPI

Chinese oil demand declines

The decline in how much oil China needs is a reflection of a slowdown in its economy, analysis from Platts said Wednesday.

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Related Topix: World News

9 hrs ago | Nerve News

OPEC daily basket closes higher

Vienna, Aug 27 The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $99.82 a barrel Tuesday, compared to $99.09 Monday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

13 hrs ago | Business World

Brent nudges up near $103

Brent crude nudged up towards $103 a barrel on Wednesday, recovering from a 14-month low hit last week although bountiful global supplies are checking gains.

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Related Topix: World News, Vladimir Putin

Tue Aug 26, 2014

State Press

History provides a disturbing blueprint for economic flexing

In recent months, the U.S. government has been flexing its economic muscle by imposing sanctions upon Russia and attempting to end the civil war in Ukraine by forcing Russia to relinquish claims to Crimea.

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Related Topix: World News, Muammar Gaddafi (Gadhafi)

Reuters

Algeria sees government spending up 16 pct in 2015 -draft budget

OPEC member Algeria plans to increase state spending by 16 percent in 2015, pushing up its deficit to 22 percent of gross domestic product, according to a draft budget, despite decling energy earnings.

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Related Topix: World News

Reuters

UPDATE 1-Brent inches up towards $103, but supply glut caps gains

Brent crude edged up towards $103 a barrel on Tuesday, rising for a second session, although persistent supply pressure and weak economic data in major consumer countries curbed gains.

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Related Topix: World News

Mon Aug 25, 2014

AlertNet

Libya seeks foreign help for oilfields as rockets fired at airport

Libya wants the international community to help protect its oilfields, airports and other state assets as it is too weak to stop armed groups fighting for control, its ambassador in Cairo said on Monday.

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

Buenos Aires Herald

LatAm Allies struggle as Venezuela's free oil runs dry

HOUSTON/CARACAS - Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former president Hugo Chvez struck to lower energy costs for friends and expand his diplomatic clout.

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Related Topix: World News, Venezuela,

Nerve News

OPEC daily basket price closes tad higher

Vienna, Aug 25 The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $99.19 a barrel Friday, compared to $99.03 last Thursday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

MarketWatch

Currencies: Oil slips, Brent trades around $102 a barrel

Crude-oil futures continued to slide in Asian trade Monday as oversupply concerns outweighed tensions in oil-producing regions like the Middle East.

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Related Topix: World News

Sun Aug 24, 2014

The Motley Fool

With Nearly 3.5 Million Barrels of Oil Per Day Offline, Why Aren't Oil Prices Surging?

Since 2009, oil prices have enjoyed a prolonged period of remarkable stability characterized by annualized volatility significantly below its long-term average.

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Related Topix: World News

Scotsman.com

Comment: Would iScotland have sufficient oil?

Would an independent Scotland have sufficient reserves of oil in its sovereign waters to support the economic plans put forward by the SNP, ask Professor Alex Russell and Professor Peter Strachan The answer to this question is central to the outcome of the referendum.

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Related Topix: World News

WALB-TV Albany

More

Tensions briefly flared then subsided late Saturday night and early Sunday in Ferguson as nightly protests continued two weeks after a white city police officer fatally shot an unarmed black 18-year-old.

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Related Topix: Qatar, Middle East, Palestinian Territories

Sat Aug 23, 2014

Arab Times

Crude oil prices drop to stand below $95 a barrel

On Friday, all eyes were on Janet Yellen as the head of the US central bank said that the American jobs market has not yet fully recovered.

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Related Topix: World News, Africa, Libya

The Motley Fool

The Price of Oil Crushed Russia Once. Is It About to Happen Again?

In case you hadn't heard, Russia has an oil problem. The country is heavily dependent on oil tax revenue to fill its coffers, and trouble is brewing given today's low price for Russian crude.

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Related Topix: World News

Lucianne.com

Next 25 Articles

The Vietnam War was won by American forces in the field, together with South Vietnamese, but it was lost in the media.

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Related Topix: World News, New Hampshire, Scott Brown, US News, US Senate, Republican, US Politics, John Kerry, Democrat

Fri Aug 22, 2014

Reuters

REFILE-Brent below $103, heads for 2nd weekly loss as oil glut persists

Brent was trading below $103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and higher global oil supply pressured prices.

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Related Topix: World News

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