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OPEC News

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

30 min ago | Reuters

Brent holds near 14-month low on plentiful supply

Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.

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This Little Kid Is DEVASTATED When His Dad "Steals" His Ear and Nose

Police Fatally Shoot Another Black Male Near Ferguson

7 hrs ago | Seeking Alpha

Will Oil Prices Keep Falling?

The oil market cooled down in the past several weeks as the price of WTI oil reached $95 at one point last week.

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Related Topix: World News

9 hrs ago | Jerusalem Post

Brent oil futures trade near 14-month low as global tensions ease

Investing.com - Brent oil futures traded near the previous session''s 14-month low on Tuesday, as concern eased over global conflicts from Ukraine to Libya and Iraq.

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Related Topix: Middle East, Iraq, World News

13 hrs ago | Nerve News

Diesel can be market-priced by September as crude goes under $100

With the losses of state-run oil marketers on diesel sales below cost falling to under a rupee per litre, brokerage firm Goldman Sachs Tuesday estimated the monthly price hikes would end after September assuming that oil prices remain around the current $100 level.

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Related Topix: World News

18 hrs ago | AkiPress

15:56 Slump in oil prices continues on reduced geopolitical fears

Oil prices slid Monday as Iraqi and Kurdish forces made gains against Islamic insurgents, reducing investor concerns about threats to Iraq's oil production and exports.Iraqi and Kurdish forces recaptured the core of a critical dam on Monday, WSJ reports.

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Related Topix: World News

19 hrs ago | The Peninsula

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts said.

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Mon Aug 18, 2014

Reuters

Brent edges up towards $102, but still near 14-mth low

Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply.

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The Motley Fool

Fracking Fluids More Toxic Than Previously Thought

A new study of the fluids used in the controversial practice of hydraulic fracturing, or fracking, shows that several of them may not be as safe as the energy industry says they are, and some are downright toxic.

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Related Topix: University of the Pacific, World News

The Washington Post

Hedge Funds Least Bullish on Brent Oil in 2 Years on Waning Risk

Hedge funds cut bullish bets on Brent crude to the lowest level in two years as recovering production in Libya and a diminished threat to Iraqi output compounded concerns that the global market is oversupplied.

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Related Topix: Iraq, World News, Middle East, Science / Technology

The Baltimore Sun

Turkish energy minister says Iraqi Kurdistan oil exports continue

Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began and that a seventh tanker was being loaded at the terminal.

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Related Topix: Middle East, Iraq, World News,

The Washington Post

Kurds Seize Iraq's Largest Dam as U.S. Widens Airstrikes

Kurdish forces took control of most of Iraq's largest dam as the largest U.S. deployment of air power in the campaign helped reverse some of the gains made by Islamic State militants in the north.

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Related Topix: Iraq, World News, Middle East, Electronic, US Politics, US News, Barack Obama, Tampa, FL

Sun Aug 17, 2014

Canada.com

Iraqi forces retake part of strategic Mosul Dam as U.S. bombs ISIS strongholds

Fifty years ago, on Aug. 22, 1964, the Fab Four rocked the city when they came to town to play Empire Stadium in their first Canadian concert.

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Related Topix: Iraq, World News, Middle East

Sat Aug 16, 2014

Al Bawaba

Will the Gulf economies soon be thriving on a global shortage in oil?

The IEA is worried that an uncertain investment climate in oil-exporting Middle Eastern countries may lead to a two million bpd shortfall and a $15 per barrel jump in oil prices by 2025.

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Related Topix: World News

Bloomberg

Iraq's Largest Dam New Focus of Expanding U.S. Airstrikes

The U.S. targeted Sunni militants' positions near Iraq 's largest dam in a sign of the expanding reach of airstrikes designed to push back the Islamic State.

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Related Topix: Iraq, World News, Middle East, US Military, US Navy, US Air Force, US News, US Politics, Barack Obama

Bloomberg

U.S. Said to Carry Out Airstrikes in North Iraq

The U.S. carried out airstrikes on Islamic State targets in northern Iraq to protect Yezidis and prevent damage to a critical dam, according to a U.S. Defense Department official.

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Related Topix: Iraq, World News, Middle East, US Military, US Navy, US Politics, US News, Barack Obama, Canada

I4U Future Technology News

Oil prices fall even with Ukrainian-Russian tension

Russia provides a large portion of Europe 's oil supply. So Ukrainian insistence that Russian humanitarian convoy being sent the eastern side of the embattled country in order to arm separatists created uneasy future expectations.

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Related Topix: Europe, World News, Germany

Arab Times

Most countries need cash for spending, infrastructure plans

DUBAI, Aug 15, : Oil prices are now too low for most OPEC countries to cover their spending needs, a Reuters survey shows.

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Related Topix: United Arab Emirates, World News

Fri Aug 15, 2014

Tehran Times

Iran plans to develop South Pars in 3 years regardless of sanctions

Iran plans to finish developing its giant South Pars gas field within three years, regardless of the sanctions on its economy, and is rescheduling a campaign to woo U.S. and European oil companies with investor contracts.

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Related Topix: World News

World Oil

and NGL Production

The monthly average of barrels per day produced of oil and NGL, split into OPEC - Crude Oil, OECD, non-OECD, processing gains and the total world supply.

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Related Topix: World News

Arab Times

KNPC to invest $35bn in oil and gas projects

A new five-year development plan, or Kuwait Development Plan for 2015-2020 was announced earlier in August with a focus on economic reform and the implementation of several long-stalled mega strategic projects, a senior government official said.

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Related Topix: World News

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