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OPEC News

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

57 min ago | Vanguard

Attah lauds Rilwanu Lukman

FORMER Cross Akwa Ibom State governor, Obong Victor Attah, has described the late former Minister of Petroleum Resources, Alhaji Rilwanu Lukman, as a "consummate team player, who was always gallant in victory and gracious in defeat."

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Related Topix: Nigeria, Africa, World News

5 hrs ago | Al Bawaba

OPEC exports more petroleum products to Asia-Pacific in 2013

The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries , the Organization of the Petroleum Exporting Countries said its latest "Annual ... (more)

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Related Topix: World News

8 hrs ago | Reuters

Trial starts for Venezuela opposition leader Lopez

Jailed opposition leader Leopoldo Lopez went on trial in Venezuela on Wednesday, accused of masterminding anti-government protests that turned violent and left 43 people dead.

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Related Topix: Prison, Explosion, World News, Hugo Chavez

Wed Jul 23, 2014

Seeking Alpha

The Unanchoring Of Inflation Expectations - 1970s Style Monetary Policy, But Now With Deflation

In country after country it is now becoming clear that we are heading for outright deflation.

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Related Topix: World News

The Star Online

UN envoy urges Security Council demand end to Iraq insurgency

The U.N. special envoy to Iraq urged the United Nations Security Council on Wednesday to demand an end to "hostilities and atrocities" committed by Sunni Islamist militants, saying the insurgents pose a threat that "is not and will not be limited to Iraq."

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Related Topix: World News, Iraq, Terrorism

The Baltimore Sun

U.N. envoy urges Security Council demand end to Iraq insurgency

The U.N. special envoy to Iraq urged the United Nations Security Council on Wednesday to demand an end to "hostilities and atrocities" committed by Sunni Islamist militants , saying the insurgents pose a threat that "is not and will not be limited to Iraq."

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Related Topix: World News, Iraq

Reuters

U.S. boosts Iraq surveillance flights to 50 daily from one monthly

The United States has boosted the number of surveillance flights over Iraq to nearly 50 a day from one a month as it faces Sunni Islamist militants who control swaths of Iraqi territory, a top State Department official said on Wednesday.

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Related Topix: Middle East, Iraq, World News,

News24

.com | Fuel tanks hit in clashes near Libyan airport

Nigeria's president has reportedly vowed to bring back the more than 200 abducted schoolgirls, saying his government is doing everything possible to secure their release.

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Related Topix: World News, Africa, Libya, Muammar Gaddafi (Gadhafi)

Russia Taday

$200 per barrel oil if Russia sanctions escalate- Oxford Economics

If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.

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Related Topix: World News

Tue Jul 22, 2014

Reuters

IMF raises Saudi economic growth forecast to 4.6 pct for 2014

Saudi Arabia's economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the private sector, the International Monetary Fund said on Monday.

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Related Topix: World News, Middle East, Saudi Arabia

Nerve News

OPEC daily basket price closes lower

Vienna, July 22 The basket of 12 crude oils of the Organization of Petroleum Exporting Countries stood at $105.07 a barrel Monday, against $105.54 last Friday, according to the OPEC Secretariat.

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Related Topix: World News, Middle East, Iraq

Mon Jul 21, 2014

In-depth Africa

Ex-Oil Minister Lukman is dead

Senate President David Mark, House of Representatives Speaker Aminu Tambuwal and former Vice President Atiku Abubakar have also paid tributes.

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Related Topix: World News, Nigeria, Africa,

Reuters

UPDATE 1-Hedge funds slash higher Brent oil bets 25 pct in price rout -ICE

Hedge funds and other large speculators slashed their bets on higher Brent crude oil prices by almost 25 percent in the week to July 15, ICE said on Monday, as prices collapsed to their lowest in three months.

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Related Topix: World News

Customer Interaction Solutions

Nigeria's two time oil minister, OPEC leader dies at 75 [Agence de Presse Africaine]

Nigeria's long serving former petroleum minister and head of OPEC, Dr. Rilwanu Lukaman, has died at the age of 75, family sources told APA on Monday.Lukman served as minister of petroleum between 1986 and 1990, and then again between 2008 and 2010, in addition to heading state-run Nigerian National Petroleum Corporation between 1999 and 2003.

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Related Topix: World News

Reuters

China provides $4 billion credit line to Venezuela

China will provide Venezuela with a $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela.

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Related Topix: World News, Xi Jinping, Hugo Chavez

Crooks and Liars

ABC's Jon Karl Has The Memory Of A Flea

If Jon Karl is to be believed, the sky is falling and the world has never been deeper in a handbasket than it is right now.

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Related Topix: World News, Asia, Afghanistan, US News, Liberal Political News

Reuters

UPDATE 1-China's June crude imports from Iran up 38 pct y/y

China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four months, customs data showed on Monday.

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Related Topix: World News

KDWN

Oil price remains high on global turmoil

Concern that conflicts and rising tensions in the Ukraine and the Middle East could disrupt supplies sent oil prices higher this week, though the world appears to have an ample supply of crude and supplies have not been affected.

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Related Topix: World News

Sun Jul 20, 2014

The Motley Fool

This Small Country Just Landed America's Biggest Weapon Sale in 2014

Qatar isn't buying American tanks -- but with $11 billion to spend, that's about the only thing it is not buying.

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Related Topix: Department of Defense, US News, World News

Trend

Iran rejects selling oil to Greece, Sri Lanka, South Africa

By Milad Fashtami - Trend: Mohsen Qamsari, an official with the National Iranian Oil Company, said on July 20 rejected the claims that Iran is selling crude oil to Greece, Sri Lanka, and South Africa.

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Related Topix: World News

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