News on OPEC (Organization of the Petroleum Exporting Countries) continually updated from thousands of sources around the net.
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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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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.
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.
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.
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.
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.
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.
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.
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".
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.
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.
Indonesia's President Susilo Bambang Yudhoyono, right, greets President-elect Joko Widodo during their meeting in Bali, Aug. 27, 2014.
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.
Updated: Tue Sep 02, 2014 05:09 am
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