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OPEC News

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

4 hrs ago | Trend

Iran's gas condensate export drops by 2.6 times m/m

Iran's gas condensate export during last month dropped by 260 percent to 205,000 barrels per day compared to the previous month.

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Related Topix: World News

4 hrs ago | Marine News

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest in OPEC oil producer Libya kept losses in check.

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Related Topix: World News, Africa, Libya, Iraq, Middle East,

8 hrs ago | The Washington Post

WTI Drops as Global Manufacturing Misses Estimates; Brent Steady

West Texas Intermediate crude fell amid speculation that weakening manufacturing from Germany to China will cap global oil demand.

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Related Topix: World News, Science / Technology

Mon Sep 01, 2014

Sys-Con Media

Venezuela's Cards and Payments Industry: Emerging Opportunities, ...

The global crisis severely affected the Venezuelan economy, with the GDP growth contracting to reach -3.20% in 2009.

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Related Topix: World News

Sun Aug 31, 2014

Arab Times

Oil prices will not fall below $100 mark for rest of 2014

KUWAIT CITY, Aug 31, : There should be no anxiety over the global price of oil for the rest of 2014, predicted an expert, who viewed that prices would not fall below the $ 100 mark in spite of their recent drop to just below that.

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Related Topix: World News

The Washington Post

WTI Crude Slips After Longest Gain in Six Months; Brent Steady

West Texas Intermediate declined after the longest rising streak since February as OPEC crude production was seen increasing to the highest level in a year.

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

Silicon Alley Insider

The Worst Case Scenario In The Middle East, In One Sentence

Shi'ite volunteers, who have joined the Iraqi army to fight against militants of the Islamic State, formerly known as the Islamic State in Iraq and the Levant , take part in field training in Najaf, August 20, 2014.

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Related Topix: World News, Middle East, Iran

Sat Aug 30, 2014

India Together

Should India tone down its moralistic stance in Paris climate talks?

Could India's inflexible and rather aggressive attitude in global climate negotiations jeopardise its domestic mitigation of the real threats from climate change? Darryl D'Monte summarises the key take-aways from a TISS conference that dwelled upon this and related issues.

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Related Topix: World News

Forbes.com

Oil And Gas Industry Fueling Jobs For Labor Day Weekend

With a background in economics and public policy, I've covered domestic and international energy issues since 1998.

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Related Topix: World News

Fri Aug 29, 2014

American Thinker

Is the Petrodollar on its Way?

In The Death of Money , James Rickards contends that the "international monetary system has collapsed three times in the past hundred years, in 1914, 1939 and 1971."

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Related Topix: Bretton Woods, NH, World News

Thu Aug 28, 2014

Reuters

OPEC oil output rises in August as Libyan recovery holds

OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.

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Related Topix: World News, Middle East, Iraq

Al Bawaba

Kingdom's SMEs hold stronger outlook for Q3

The economic outlook for Saudi Arabia remains favorable, with GDP growth expectations to stay above 4 percent in 2014 and 2015 Dun & Bradstreet South Asia Middle East Ltd in association with the National Commercial Bank released the D&B Business Optimism Index survey for Saudi Arabia for Q3, 2014.

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Related Topix: World News

Newkerala.com

Larsen & Toubro inks contract to set up 225 MW power plant in Bangladesh

Engineering conglomerate Larsen Toubro and Bangladesh Power Development Board have signed a contract to set up a 225 megawatt, gas-based power plant in Sikalbaha, Chittagong in Bangladesh, a company statement said here Tuesday.

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Related Topix: Bangladesh, Asia, World News,

Wed Aug 27, 2014

Edmonton Journal

Lamphier: Build goodwill before times turn bad, firms operating in risky regions urged

An image made available on the jihadist website Welayat Salahuddin on June 11, 2014, shows ISIS militants posing with a jihadist flag after they allegedly seized an Iraqi army checkpoint in the northern Iraqi province of Salahuddin.

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Related Topix: World News

Reuters

U.S. Congressman urges Obama to block Venezuela's Citgo sale

A U.S. congressman urged the Obama administration on Wednesday to block the proposed sale by Venezuela's state oil company of its North American refining unit Citgo, saying it would be against "vital national interests".

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Related Topix: Texas, US Politics, Representative Joe Garcia, US News, US House of Representatives, Democrat, World News, Hugo Chavez

The Globe and Mail

U.S. oil surge restrains prices during summer of OPEC crises

Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kansas, using horizontal drilling and a technique known as hydraulic fracturing, or "fracking," to coax out oil and gas.

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Related Topix: World News, Medicine Lodge, KS, Iraq, Middle East, Africa, Libya

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

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

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

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

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