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OPEC News

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

2 hrs ago | Canada.com

Alberta Premier Redford stresses same values with U.S. over Keystone XL pipeline

Alberta Premier Alison Redford says the United States and Canada share political and environmental values and must work together to become energy independent of those who do not.

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Related Topix: Canada, New York, World News

7 hrs ago | Bloomberg

Saudi April Crude Exports Little Changed While Iraq Increased

Saudi Arabia , the biggest crude oil exporter, shipped 7.44 million barrels a day oil in April, 0.3 percent more than in March, while exports from fellow OPEC members Iraq and Venezuela made steeper gains, data show.

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Related Topix: Middle East, Saudi Arabia, World News

12 hrs ago | Seeking Alpha

Brent/WTI Crude Spread: Complacency Or Fundamentals?

The Brent/WTI crude oil spread, at current levels, is especially vulnerable to headline risk.

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Related Topix: World News

16 hrs ago | CNN

U.S. oil boom helps thwart OPEC

Oil workers on a rig in Midland County, Texas. Growth in U.S. oil production is putting pressure on OPEC.

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Related Topix: Midland County, TX, Tsunami, Natural Disasters, San Antonio, TX

Tue Jun 18, 2013

The Daily Star

Foreign investment rises in Arab states despite unrest

KUWAIT CITY: Foreign direct investment in Arab states rose by 9.8 percent last year despite unrest in some of the countries but remained well below its level in 2010, when the Arab Spring began, a report said Tuesday.

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Related Topix: United Arab Emirates, Middle East

Reuters

Iraq excludes Kurds from ambitious 2014 oil output target

Iraq aims to ramp up oil production by nearly 45 percent by the end of next year - without any input from its autonomous Kurdistan region - which suggests a lasting compromise in their long-running oil feud may be a way off.

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Related Topix: Iraq, World News

Reuters

Oman needs to consider fiscal reforms as priority - c.bank

Oman should consider fiscal reforms as a priority because continued growth in public spending may be unsustainable in the long run, its central bank said on Tuesday.

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Related Topix: World News

Boston Herald

Oil's well, let U.S. export it

While it is true that the Obama administration has been uniquely hostile to the exploitation of America's vast hydrocarbon energy resources, not every bad energy policy has originated during this president's tenure.

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Related Topix: World News, Peak Oil, Opinion

Mon Jun 17, 2013

Christian Science Monitor

The kaleidoscope of fossil fuel abundance

The Pioneer oil refinery is silhouetted against the setting sun in El Dorado, Kan.

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Related Topix: World News, Ohio

Reuters

UPDATE 1-S&P downgrades Venezuela's sovereign credit rating to B

Standard & Poor's downgraded Venezuela's sovereign foreign currency credit rating by one notch on Monday, citing political turmoil as an impediment to enacting meaningful reforms in order to stop a slide in economic activity.

Comment?

Related Topix: World News, Hugo Chavez

CNN

After protests, Indonesia's parliament boosts fuel prices by up to 44%

After clashes between police and protesters, Indonesia's parliament Monday night voted to revise the national budget and allow an increase of up to 44% in the prices of subsidized gas and diesel fuel.

Comment?

Related Topix: Southeast Asia, World News, Indonesia, 9

Insurance Journal West

Russia Challenges Consensus Rule at Heart of U.N. Climate Talks

It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German environment minister chairing the conference banged down her gavel to launch negotiations on a treaty to fight global warming.

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Related Topix: World News, Environment, Science, Global Warming, Activism, Angela Merkel, Weather, Natural Disasters, Drought

Reno Gazette-Journal

John Waggoner: Has the time come to oil up your portfolio?

During the 1970s energy crisis, a popular bumper sticker in the West was "Let the Eastern Bastards Freeze in the Dark."

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Related Topix: World News

Reuters

India cuts Iran oil imports 42 pct, takes Venezuelan, other crudes

India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the crude with shipments from Venezuela, Iraq and Oman, and pushing Iran down four places to seventh among its suppliers.

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Related Topix: India, World News,

StockMarketsReview.com

Oil and natural gas daily review

Nymex crude oil prices increased around 1.9 percent in the last week, taking cues from weakness in the DX.

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Related Topix: World News, Weather

Sun Jun 16, 2013

WFXL-TV Fox 31

Pump prices hike due to conflict

Last week, motorists saw a slight increase in both oil and gas prices after President Barack Obama authorized support and arms for Syrian rebels, increasing tensions in an oil-saturated region.

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Related Topix: World News

Bloomberg

Rohani Victory May Clip Support for Israeli Attack Over Iran Nuclear Plans

Iranian President-elect Hassan Rohani's vow to improve ties with the world carried him to a surprise first-round win.

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Related Topix: Israel, World News, Middle East, Saudi Arabia

The Oil Drum

Tech Talk - a June Twip and the Opec Momr

The EIA has noted, in This Week in Petroleum that, for the first time, the sum of Non-OECD country demand contributed more than half to the total of liquid fuels consumed in the world.

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Related Topix: World News

Lansing State Journal

Letter: Gas prices are proof that government helps the rich

2. Most of the American market is controlled by five major producers. Welcome to cartel pricing.

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Related Topix: World News

Sat Jun 15, 2013

The Desert Sun

Our Voice: Salton Sea an important part of new U.S. energy goal

In 1973, following the OPEC-induced oil crisis, President Richard Nixon announced Project Independence.

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Related Topix: World News, Independence, CA, Recreational Vehicle, Alaskan, California, Alternative Energy, Renewable Energy (Green Energy), Energy