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OPEC News

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

29 min ago | Reuters

As Venezuelan deliveries wane, allies tap traders for pricey fuel

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 Chavez struck to lower energy costs for friends and expand his diplomatic clout.

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Related Topix: Hugo Chavez, World News, Venezuela,

4 hrs ago | Reuters

UPDATE 2-Second tanker waits to load oil at reopened Libyan port

A second tanker started loading oil at Libya's Es Sider port, state-run National Oil Corp said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year.

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Related Topix: World News

8 hrs ago | Mises Economics Blog

Imposing Costs on Russia: How About a Food Embargo?

President Obama has threatened to impose costs on Russia for their intervention in Ukraine, but so far, his involvement has been high on rhetoric but low on action.

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Related Topix: World News

9 hrs ago | The Washington Post

Brent Crude Seen at Turning Point as Asia Absorbs African Glut

Brent crude's biggest price-rout in more than a year is coming to an end as the flow of West African crude to Asia helps disperse a glut, banks including Societe Generale SA and DNB ASA said.

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Related Topix: World News, Greenwich, CT, Science / Technology

14 hrs ago | KXVO

"The Fracking Truth" Author Predicts US Will Never Run Out of Oil and Gas

NEVER. Same goes for the rest of the world. Won't happen." in his new book, THE FRACKING TRUTH , available now from publisher Platform Press.

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Related Topix: World News

18 hrs ago | Trend

China's July crude imports from Iran hold at elevated volumes

China's crude imports from Iran expanded 40.6 percent in July from a year ago, customs data showed on Thursday, as Tehran's largest oil client stayed with the elevated shipment levels that began late last year.

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Related Topix: World News

Wed Aug 20, 2014

Suria

Oil prices down on fading supply fears

Oil prices edged lower in Asia Thursday on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption, analysts said.

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Related Topix: World News

Reuters

Libya restarts oil exports from biggest port as fighting rages in Benghazi

Libya has restarted oil exports from its biggest port for the first time since the end of a year-long blockade, a boost to the central government which is struggling with a wave of clashes in the capital.

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Related Topix: World News, Africa, Libya

Tue Aug 19, 2014

Reuters

Brent holds near 14-month low on plentiful supply

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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Related Topix: World News

Seeking Alpha

Will Oil Prices Keep Falling?

The oil market cooled down in the past several weeks as the price of WTI oil reached $95 at one point last week.

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Related Topix: World News

Jerusalem Post

Brent oil futures trade near 14-month low as global tensions ease

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.

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Related Topix: Middle East, Iraq, World News

Nerve News

Diesel can be market-priced by September as crude goes under $100

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.

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Related Topix: World News

AkiPress

15:56 Slump in oil prices continues on reduced geopolitical fears

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.

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Related Topix: World News

The Peninsula

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts said.

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Related Topix: World News

Mon Aug 18, 2014

Reuters

Brent edges up towards $102, but still near 14-mth low

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.

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Related Topix: World News

The Motley Fool

Fracking Fluids More Toxic Than Previously Thought

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.

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Related Topix: University of the Pacific, World News

The Washington Post

Hedge Funds Least Bullish on Brent Oil in 2 Years on Waning Risk

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.

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Related Topix: Iraq, World News, Middle East, Science / Technology

The Baltimore Sun

Turkish energy minister says Iraqi Kurdistan oil exports continue

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.

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Related Topix: Middle East, Iraq, World News,

The Washington Post

Kurds Seize Iraq's Largest Dam as U.S. Widens Airstrikes

Kurdish forces took control of most of Iraq's largest dam as the largest U.S. deployment of air power in the campaign helped reverse some of the gains made by Islamic State militants in the north.

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Related Topix: Iraq, World News, Middle East, Electronic, US Politics, US News, Barack Obama, Tampa, FL

Sun Aug 17, 2014

Canada.com

Iraqi forces retake part of strategic Mosul Dam as U.S. bombs ISIS strongholds

Fifty years ago, on Aug. 22, 1964, the Fab Four rocked the city when they came to town to play Empire Stadium in their first Canadian concert.

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Related Topix: Iraq, World News, Middle East

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