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OPEC News

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

13 hrs ago | 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

17 hrs ago | 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

Yesterday | 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

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

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

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