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OPEC News

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

1 hr ago | Al Bawaba

Saudi oil output to remain high by 'historical standards'

It said the view is based on continued OPEC outages, a mediocre global supply picture , a continued increase of domestic consumption from the power generation and transport sectors, strong demand from the refining sector and a recovering global demand picture.

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Related Topix: World News

5 hrs ago | Business Journal

Texas produces 3M barrels per day, slides into 8th spot in the world

Texas oil production topped 3 million barrels per day, putting the Lone Star state on part with the world's biggest oil producers.

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Related Topix: Texas, World News

14 hrs ago | The Baltimore Sun

U.S. restricts travel by Venezuelan officials

The United States imposed travel restrictions on Wednesday on some Venezuelan government officials it accuses of rights abuses in a crackdown on protests against President Nicolas Maduro this year.

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Related Topix: South America, World News, Venezuela, Prison, Hugo Chavez, US Politics, US News, US Senate, Democrat, Bill Nelson

15 hrs ago | Reuters

OPEC oil output rises in July on fragile Libyan rebound

OPEC's oil production rose in July from June, a Reuters survey found on Wednesday, as a fragile recovery in Libyan supply outweighed fighting in Iraq and reduced output from Angola.

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Related Topix: World News, Africa, Libya

Tue Jul 29, 2014

Reuters

UPDATE 5-Oil around $107 as ample supply offsets global unrest

Brent crude oil steadied around $107 a barrel on Tuesday as ample supply offset concerns over political tensions in the Middle East, Africa and Europe.

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Related Topix: Africa, Libya, World News

Marine Corps Times

U.S. and EU pledge new sanctions against Russia

President Obama speaks July 29 on the South Lawn of the White House as he announces new economic sanctions against key sectors of the Russian economy in the latest move by to force Russian President Vladimir Putin to end his support for Ukrainian rebels.

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Related Topix: World News, Russia, Asia, Vladimir Putin,

Reuters

Islamic State video wages psychological war on Iraqi soldiers

Islamic State, the al Qaeda spin-off that seized wide swathes of Iraq almost unopposed last month, has released a video warning Iraqi soldiers who may still have some fight in them that they risk being rounded up en masse and executed.

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Related Topix: World News, Iraq, Life, Holidays, Ramadan,

AlertNet

Clashes kill 30 in Benghazi in escalating Libya turmoil

Plumes of smoke rise in the sky after a rocket hit a fuel storage tank near the airport road in Tripoli, during clashes between rival militias July 28, 2014.

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Related Topix: World News, Africa, Libya, Muammar Gaddafi (Gadhafi), Prison, US Military, US Air Force

Trend

Iran's oil output increases by 131 tbpd in 2014

Baku, Azerbaijan, July 29 By Umid Niayesh - Trend: US Energy Information Administration announced that Iran ranked third in the Organization of Petroleum Exporting Countries , producing 3.247 million barrels per day of oil in first four months of 2014.

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Related Topix: Azerbaijan, World News

Amarillo.com

Goldberg: We need better version of UN

As legend has it, Groucho Marx sent the Friars Club a telegram that read, "Please accept my resignation.

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Related Topix: Kate Upton, World News, Opinion

Mon Jul 28, 2014

Our World 2.0

The Emerging Iranian-Turkish Energy Partnership: Strategic Implications

Despite their differences, Iran and Turkey - the two non-Arab Middle Eastern states - share many similarities.

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Related Topix: Turkey, World News, Middle East, Iran

Xinhuanet

Crude prices fall as geopolitical worries fade

The European Union is working on a new round of sanctions against Russian industries.

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Related Topix: Air Accidents

AEI

There's a US energy boom, no thanks to Obama

Refinery workers walk inside the LyondellBasell oil refinery in Houston, Texas March 6, 2013.

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Related Topix: World News

Sun Jul 27, 2014

Bloomberg

WTI Crude Declines Before U.S. Economic Data; Brent Oil Steady

West Texas Intermediate crude fell before data that may signal the strength of the economy in the U.S., the world's biggest oil user.

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Related Topix: World News, Travel, Australia Travel, Sydney, Australia Travel, Pacific Travel

Sat Jul 26, 2014

Tehran Times

Iran's natural gas production to rise in coming years: EIA

The U.S. Energy Information Administration has predicted an increase in Iran's natural gas production in coming years.

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Related Topix: World News

The Baltimore Sun

Venezuela's Maduro combats dissidence among ruling socialists

Venezuela's ruling Socialist Party began a six-day congress on Saturday with President Nicolas Maduro seeking to quieten hardliners who believe the state is failing to stem corruption or fix the economy.

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Related Topix: Hugo Chavez, World News

Reuters

UPDATE 1-Algerian state energy company Sonatrach replaces CEO - source

Algeria's state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source told Reuters on Saturday.

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Related Topix: World News

Fri Jul 25, 2014

Business Times

Indonesian leaders in talks on raising fuel prices before Oct: sources

Indonesia's outgoing president is in talks with his successor to increase heavily subsidised fuel prices before the new leader takes power, two sources close to the matter told Reuters.

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Related Topix: Indonesia, World News,

Nerve News

OPEC daily basket price closes tad lower

Vienna, July 25 The basket of 12 crude oils of the Organization of Petroleum Exporting Countries stood at $105.22 a barrel Thursday, against $105.30 Wednesday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

Nerve News

OPEC daily basket price closes lower

The basket of 12 crude oils of the Organization of Petroleum Exporting Countries stood at $105.30 a barrel Wednesday, against $105.74 Tuesday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

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