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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 | Trend

AZERNEWS releases another print issue

The new edition includes articles about the expert comments on how the sanctions against Russia could affect the Central Asian countries, Kazakhstan's decision to keep its national currency in the Eurasian Economic Union, OPEC's expectation of 0.87 million barrels a day oil production in Azerbaijan this year, 150 cyclists' competition for victory ... (more)

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10 hrs ago | Reuters

UPDATE 1-Venezuela's Petromonagas crude upgrader to undergo maintenance in June -source

The 150,000 barrel per day Petromonagas extraheavy crude upgrader, operated by Venezuela's state-run PDVSA and Russian oil company Rosneft, will undergo a three-week maintenance in June, a source close to the work told Reuters.

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14 hrs ago | Marine News

Libya to export first cargo since rebel deal

An oil tanker is due to load 1 million barrels of crude on Tuesday from Libya's recently reopened Hariga port, its first export shipment after a deal to end months of closures at its key terminals, the National Oil Corp. said.

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18 hrs ago | Bloomberg

Kuwait Sees Crude Production Rising Amid Improved Extraction

Kuwait plans to increase oil output 23 percent by 2020 as improvements in how crude can be extracted allow the third-largest producer in OPEC to pump more.

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23 hrs ago | Newkerala.com

OPEC daily basket price closes slightly lower

Vienna, April 14 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $104.07 a barrel Friday, compared to $104.33 Thursday, according to the OPEC Secretariat.

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Yesterday | AME Info

Oil market to remain balanced until end-2014: OPEC

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Related Topix: World News, Middle East, Saudi Arabia

Mon Apr 14, 2014

The Washington Post

Brent Crude at Five-Week High on Ukraine; Premium to WTI Widens

Brent crude rose to a five-week high as tension escalated between Ukraine and Russia, the world's biggest energy exporter.

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Related Topix: Texas, World News, Science / Technology

The Huffington Post

Iran Expanding Presence on International Oil Stage

Iranian Oil Minister Bijan Zanganeh said oil production from the Islamic republic could increase even with harsh economic sanctions in place.

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Related Topix: World News, Saudi Arabia

Sunherald.com

Crude oil rises above $104 amid Ukraine tensions

The price of crude oil rose Monday as escalating Russia-Ukraine tensions and the resignation of Libya's interim prime minister added to uncertainties about oil supplies.

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Sun Apr 13, 2014

Philip Greenspun's Weblog

Hugo Chavez's legacy

SansA3 defended ChA vez's energy policy, saying the comandante had helped revive OPEC, sending prices rising even before the Iraq war, and had had the vision to recognize Venezuela's oil was not just around Lake Maracaibo, in the west, but also in the center of the country along the Orinoco in a smiling arc known as the Faja.

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Related Topix: World News, Venezuela, Geology, Science

Reuters

Kuwait to open main tenders for new Zour refinery in May

Kuwait will issue the three main construction tenders for its new 615,000-barrels-per-day oil refinery next month and expects to sign contracts by early next year at the latest, a state oil company official said on Sunday.

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Sat Apr 12, 2014

Newkerala.com

OPEC daily basket price closes slightly higher

Vienna, April 11 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries stood at $104.33 a barrel Thursday, compared to $104.22 Wednesday, according to the OPEC Secretariat.

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The Hill

Senators seek EIA research on crude oil export ban

The leaders of the Senate Energy and Natural Resources Committee have asked the Energy Information Administration to help them study issues related to lifting the ban on exporting crude oil.

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Related Topix: US Politics, Mary Landrieu, US News, US Senate, Democrat, Republican, Lisa Murkowski, World News

Emirates News Agency

Kuwait's GDP forecast at 5.0% in 2014 : KFH

WAM KUWAIT, 11th Apr. 2014 -- Kuwait's real GDP forecast is forecast to maintain at 5.0% in 2014 , according to a report released by Kuwait Finance House on Friday.

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Fri Apr 11, 2014

MySanAntonio.com

Repeal Jones Act before exporting oil

Before opening the door to extensive oil exports, the U.S. should repeal the Jones Act, which requires that ships with cargo in U.S. waters between U.S. ports be built, registered, owned and crewed by Americans or permanent residents.

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Related Topix: Southern Methodist University, World News, Eagle Ford, TX, Opinion

Christian Science Monitor

Iran boosts oil output despite Western sanctions

Iranian Oil Minister Bijan Zanganeh said oil production from the Islamic republic could increase even with harsh economic sanctions in place.

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Related Topix: World News, Solar Energy, Alternative Energy, Renewable Energy (Green Energy), Energy, Saudi Arabia

Reuters

Two refiners prepare to load oil at Libya's newly opened Hariga port

Barely a day after Libya's National Oil Corp lifted force majeure at Hariga port, two refiners are already preparing to pick up Sarir crude from storage over the next two weeks, trading and shipping sources said on Friday.

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Trend

Kuwait orders blackout in court case over 'plot' tape

Kuwait has imposed a news blackout on an investigation into reports of a recording that implicates unnamed people in an alleged plot to overthrow the Gulf state's ruling system, state news agency KUNA said.

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Reuters

Oil market expected to stay balanced for rest of year - OPEC

Global supply and demand for crude oil should continue to be fairly balanced this year, the secretary general of OPEC said, signalling the group is likely to leave its existing output ceiling in place at its June meeting.

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The Washington Post

IEA Says OPEC Will Need to Pump More Oil After March Plunge

OPEC will need to pump more crude in the second half of the year to meet global demand after its production plunged to a five-month low in March, according to the International Energy Agency.

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