Organisation of Petroleum Exporting Countries

Latest articles

5h
AllAfrica.com
Forex Inflow in Sharp Rise, As CBN Records $14.5bn in 5 Monthsin April 2017 to $51.04 per barrel. Increased shale oil production in the Unite
AllAfrica.com / Posted 5 hours ago
in April 2017 to $51.04 per barrel. Increased shale oil production in the United States and supply by non-members of the Organisation of Petroleum Exporting Countries (OPEC) both contributed to the fall in crude oil prices. Consequently, foreign... Read more
2d
AllAfrica.com
Crude Oil Price Inches Up to $49 As U.S. Drilling Declinesrigs were added in the United States, thus easing concerns that surging shale s
AllAfrica.com / Posted 2 days ago
rigs were added in the United States, thus easing concerns that surging shale supplies will undermine the efforts by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC to reduce the level of inventory in the oil market. While... Read more
52 related articles
3d
The Star
Can the uptrend in Malaysia's manufacturing sector hold up?seriously as a longterm threat, and EV sale targets could dampen demand in some
The Star / Posted 3 days ago
seriously as a longterm threat, and EV sale targets could dampen demand in some parts of Asia as early as 2018, said the Organisation of Petroleum Exporting Countries (Opec) in its oil market report. Growing popularity of EVs increases the risk... Read more
4d
Business Standard India
Big oil just woke up to the threat of rising electric car demandfor the vehicles. It expects 530 million plug-in cars on the road by 2040, a th
Business Standard India / Posted 4 days ago
for the vehicles. It expects 530 million plug-in cars on the road by 2040, a third of worldwide total number of cars. The Organisation of Petroleum Exporting Countries raised its 2040 EV fleet prediction to 266 million from the 46 million it... Read more
2 related articles
5d
Canberra Times
Oil extends advance on optimism demandprices in New York have lingered below $US50 a barrel amid concerns that elevat
Canberra Times / Posted 5 days ago
prices in New York have lingered below $US50 a barrel amid concerns that elevated global supplies will offset cuts by the Organisation of Petroleum Exporting Countries and its partners as part of a deal to help rebalance the market. The group's... Read more
174 related articles
5d
Brisbane Times
Oil extends advance on optimism demandprices in New York have lingered below $US50 a barrel amid concerns that elevat
Brisbane Times / Posted 5 days ago
prices in New York have lingered below $US50 a barrel amid concerns that elevated global supplies will offset cuts by the Organisation of Petroleum Exporting Countries and its partners as part of a deal to help rebalance the market. The group's... Read more
174 related articles
5d
The Age
Oil extends advance on optimism demandprices in New York have lingered below $US50 a barrel amid concerns that elevat
The Age / Posted 5 days ago
prices in New York have lingered below $US50 a barrel amid concerns that elevated global supplies will offset cuts by the Organisation of Petroleum Exporting Countries and its partners as part of a deal to help rebalance the market. The group's... Read more
174 related articles
5d
Sydney Morning Herald
Oil extends advance on optimism demandprices in New York have lingered below $US50 a barrel amid concerns that elevat
Sydney Morning Herald / Posted 5 days ago
prices in New York have lingered below $US50 a barrel amid concerns that elevated global supplies will offset cuts by the Organisation of Petroleum Exporting Countries and its partners as part of a deal to help rebalance the market. The group's... Read more
174 related articles
6d
AllAfrica.com
Oil Crash - Global Oil Industry Lost $300bn in 2 Years - -Opec ScribeBy Elizabeth Yerima With Agency Report Secretary — General of the Organisation
AllAfrica.com / Posted 6 days ago
By Elizabeth Yerima With Agency Report Secretary — General of the Organisation of Petroleum Exporting Countries, OPEC, Mohammed Barkindo, has disclosed that the global oil and gas industry lost over $300 billion between 2015 and 2016 due to fall in... Read more
6d
Canberra Times
Upbeat global mood boosts the ASXgrowth to the strongest in two years, it said that market rebalancing has becom
Canberra Times / Posted 6 days ago
growth to the strongest in two years, it said that market rebalancing has become less certain with output rising from the Organisation of Petroleum Exporting Countries, according to a report on Thursday. US inventories have slid the most since... Read more
4 related articles
6d
AllAfrica.com
Volatile Oil Market Will Impact Nigeria's Budget, Kachikwu Saysand see how we can recover," he said. Kachikwu said Nigeria would in time join
AllAfrica.com / Posted 6 days ago
and see how we can recover," he said. Kachikwu said Nigeria would in time join in the production cut initiated by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members led by the Russian Federation to stabilise the... Read more
174 related articles
6d
WA Today
Upbeat global mood boosts the ASXgrowth to the strongest in two years, it said that market rebalancing has becom
WA Today / Posted 6 days ago
growth to the strongest in two years, it said that market rebalancing has become less certain with output rising from the Organisation of Petroleum Exporting Countries, according to a report on Thursday. US inventories have slid the most since... Read more
4 related articles
6d
Brisbane Times
Upbeat global mood boosts the ASXgrowth to the strongest in two years, it said that market rebalancing has becom
Brisbane Times / Posted 6 days ago
growth to the strongest in two years, it said that market rebalancing has become less certain with output rising from the Organisation of Petroleum Exporting Countries, according to a report on Thursday. US inventories have slid the most since... Read more
4 related articles
6d
Sydney Morning Herald
Upbeat global mood boosts the ASXgrowth to the strongest in two years, it said that market rebalancing has becom
Sydney Morning Herald / Posted 6 days ago
growth to the strongest in two years, it said that market rebalancing has become less certain with output rising from the Organisation of Petroleum Exporting Countries, according to a report on Thursday. US inventories have slid the most since... Read more
4 related articles
6d
The Age
Upbeat global mood boosts the ASXgrowth to the strongest in two years, it said that market rebalancing has becom
The Age / Posted 6 days ago
growth to the strongest in two years, it said that market rebalancing has become less certain with output rising from the Organisation of Petroleum Exporting Countries, according to a report on Thursday. US inventories have slid the most since... Read more
4 related articles
6d
AllAfrica.com
Oil Price May Affect 2017 Budget Implementationby improving efficiency and applying cost cutting strategies. On the adherence
AllAfrica.com / Posted 6 days ago
by improving efficiency and applying cost cutting strategies. On the adherence to the oil production cut posed by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members, the minister said Nigeria's production level was... Read more
174 related articles
7d
AllAfrica.com
Global Oil Price - Nigeria'll Support Opec Resolve to Stabilise Market, Says KachikwuAs members of the Organisation of Petroleum Exporting Countries, OPEC, prepare
AllAfrica.com / Posted 7 days ago
As members of the Organisation of Petroleum Exporting Countries, OPEC, prepare for the joint ministerial monitoring committee meeting in Russia, Nigeria on Wednesday expressed commitment to support all resolutions to stabilize the international oil... Read more
174 related articles
7d
AllAfrica.com
Uncertainties in Oil Market Threaten 2017 Budgetand see how we can recover," he said. Kachikwu said Nigeria would in time join
AllAfrica.com / Posted 7 days ago
and see how we can recover," he said. Kachikwu said Nigeria would in time join in the production cut initiated by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members led by the Russian Federation to stabilise the... Read more
174 related articles
7d
AllAfrica.com
Nigeria Will Voluntarily Join Opec CutsResources,Dr. Ibe Kachikwu, has stated that Nigeria will in due time join in th
AllAfrica.com / Posted 7 days ago
Resources,Dr. Ibe Kachikwu, has stated that Nigeria will in due time join in the crude oil production cut initiated by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members led by Russia to stabilise the market, adding... Read more
174 related articles
8d
WA Today
Big miners resist broad ASX sell-offdecrease since September. Oil remains in a bear market amid concern expanding g
WA Today / Posted 8 days ago
decrease since September. Oil remains in a bear market amid concern expanding global supply will offset curbs by the Organisation of Petroleum Exporting Countries and its partners.Originally published on smh.com.au as 'Big miners resist broad... Read more
3 related articles
8d
Brisbane Times
Big miners resist broad ASX sell-offis replicated in government data Wednesday, it will be the biggest decrease sin
Brisbane Times / Posted 8 days ago
is replicated in government data Wednesday, it will be the biggest decrease since September. Oil remains in a bear market amid concern expanding global supply will offset curbs by the Organisation of Petroleum Exporting Countries and its pa... Read more
3 related articles
8d
Sydney Morning Herald
Big miners resist broad ASX sell-offis replicated in government data Wednesday, it will be the biggest decrease sin
Sydney Morning Herald / Posted 8 days ago
is replicated in government data Wednesday, it will be the biggest decrease since September. Oil remains in a bear market amid concern expanding global supply will offset curbs by the Organisation of Petroleum Exporting Countries and its pa... Read more
3 related articles
8d
The Age
Big miners resist broad ASX sell-offis replicated in government data Wednesday, it will be the biggest decrease sin
The Age / Posted 8 days ago
is replicated in government data Wednesday, it will be the biggest decrease since September. Oil remains in a bear market amid concern expanding global supply will offset curbs by the Organisation of Petroleum Exporting Countries and its pa... Read more
3 related articles
8d
The Economic Times
What changed your market while you were sleepingcrore (over USD 2 trillion), helped by strong gains in the broader market. Oil
The Economic Times / Posted 8 days ago
crore (over USD 2 trillion), helped by strong gains in the broader market. Oil prices may fall below $40: GS The Organisation of Petroleum Exporting Countries (Opec) must increase output cuts aimed at shrinking a global glut with little... Read more
2 related articles
8d
The Star
Malaysia’s oil and gas industry on the road to recoveryfor the road to recovery,” he said when launching the 16th Oil and Gas Asia 201
The Star / Posted 8 days ago
for the road to recovery,” he said when launching the 16th Oil and Gas Asia 2017 Exhibition. He cited the examples of the Organisation of Petroleum Exporting Countries’ market forecast and recent survey by Reutersthat Brent crude oil could average... Read more
8d
Canberra Times
Oil higher after EIA cuts its 2018 forecast for US crude outputagain". Oil has traded below $US50 a barrel since May amid concern that rising
Canberra Times / Posted 8 days ago
again". Oil has traded below $US50 a barrel since May amid concern that rising global supplies will offset curbs by the Organisation of Petroleum Exporting Countries and its partners including Russia. Increases in output from Libya and Nigeria,... Read more
174 related articles
8d
Brisbane Times
Oil higher after EIA cuts its 2018 forecast for US crude outputagain". Oil has traded below $US50 a barrel since May amid concern that rising
Brisbane Times / Posted 8 days ago
again". Oil has traded below $US50 a barrel since May amid concern that rising global supplies will offset curbs by the Organisation of Petroleum Exporting Countries and its partners including Russia. Increases in output from Libya and Nigeria,... Read more
174 related articles
8d
The Age
Oil higher after EIA cuts its 2018 forecast for US crude outputagain". Oil has traded below $US50 a barrel since May amid concern that rising
The Age / Posted 8 days ago
again". Oil has traded below $US50 a barrel since May amid concern that rising global supplies will offset curbs by the Organisation of Petroleum Exporting Countries and its partners including Russia. Increases in output from Libya and Nigeria,... Read more
174 related articles
8d
Sydney Morning Herald
Oil higher after EIA cuts its 2018 forecast for US crude outputagain". Oil has traded below $US50 a barrel since May amid concern that rising
Sydney Morning Herald / Posted 8 days ago
again". Oil has traded below $US50 a barrel since May amid concern that rising global supplies will offset curbs by the Organisation of Petroleum Exporting Countries and its partners including Russia. Increases in output from Libya and Nigeria,... Read more
174 related articles
9d
The Irish Times
Saudi Aramco to spend $300bn on maintianing its positionOil Co, the world’s biggest oil exporter, boosted production to an annual recor
The Irish Times / Posted 9 days ago
Oil Co, the world’s biggest oil exporter, boosted production to an annual record last year before the kingdom led the Organisation of Petroleum Exporting Countries and other producers to curb output to stem a global glut. Aramco is also at the... Read more
17 related articles
10d
AllAfrica.com
Oil Output Rises in Nigeria, Others More Than Offset Venezuela DropPlatts indicates that the crude oil production increases in Nigeria, Libya, and
AllAfrica.com / Posted 10 days ago
Platts indicates that the crude oil production increases in Nigeria, Libya, and Saudi Arabia have pushed output by the Organisation of Petroleum Exporting Countries (OPEC) up by 220,000 barrels per day and more than offset production drop in... Read more
13d
The Irish Times
Oil slips toward $45 as US output increaseslongest rally this year faltered this week after Russia was said to oppose any
The Irish Times / Posted 13 days ago
longest rally this year faltered this week after Russia was said to oppose any proposal for deeper production cuts by the Organisation of Petroleum Exporting Countries (Opec) and its partners. Crude in New York and London remain in a bear market... Read more
14d
The Age
Oil tumbles more than 4pc on Russian opposition to deeper output cutsfutures are down 16 per cent for the year amid concerns that rising global supp
The Age / Posted 14 days ago
futures are down 16 per cent for the year amid concerns that rising global supply will offset the output cuts from the Organisation of Petroleum Exporting Countries and its partners. Libya and Nigeria, which are exempt from the agreement,... Read more
136 related articles
14d
Sydney Morning Herald
Oil tumbles more than 4pc on Russian opposition to deeper output cutsfutures are down 16 per cent for the year amid concerns that rising global supp
Sydney Morning Herald / Posted 14 days ago
futures are down 16 per cent for the year amid concerns that rising global supply will offset the output cuts from the Organisation of Petroleum Exporting Countries and its partners. Libya and Nigeria, which are exempt from the agreement,... Read more
136 related articles
15d
AllAfrica.com
W/Africa Crude - Nigeria's July Surplus Gets Smallerprice of Brent crashed from $49.68 to $49.61, while that of WTI rose from $47.0
AllAfrica.com / Posted 15 days ago
price of Brent crashed from $49.68 to $49.61, while that of WTI rose from $47.07 to $ 47.08 per barrel respectively. The Organisation of Petroleum Exporting Countries, OPEC, stated that: "The price of OPEC basket of fourteen crudes stood at... Read more
15d
Canberra Times
Oil rally falters on rising OPEC supplya monthly loss in June after tumbling into a bear market on concerns that risin
Canberra Times / Posted 15 days ago
a monthly loss in June after tumbling into a bear market on concerns that rising global supply will counter curbs from the Organisation of Petroleum Exporting Countries and its partners. US crude inventories remain more than 100 million barrels... Read more
136 related articles
15d
Brisbane Times
Oil rally falters on rising OPEC supplya monthly loss in June after tumbling into a bear market on concerns that risin
Brisbane Times / Posted 15 days ago
a monthly loss in June after tumbling into a bear market on concerns that rising global supply will counter curbs from the Organisation of Petroleum Exporting Countries and its partners. US crude inventories remain more than 100 million barrels... Read more
136 related articles
15d
The Age
Oil rally falters on rising OPEC supplya monthly loss in June after tumbling into a bear market on concerns that risin
The Age / Posted 15 days ago
a monthly loss in June after tumbling into a bear market on concerns that rising global supply will counter curbs from the Organisation of Petroleum Exporting Countries and its partners. US crude inventories remain more than 100 million barrels... Read more
136 related articles
15d
Sydney Morning Herald
Oil rally falters on rising OPEC supplya monthly loss in June after tumbling into a bear market on concerns that risin
Sydney Morning Herald / Posted 15 days ago
a monthly loss in June after tumbling into a bear market on concerns that rising global supply will counter curbs from the Organisation of Petroleum Exporting Countries and its partners. US crude inventories remain more than 100 million barrels... Read more
136 related articles
16d
AllAfrica.com
NNPC, International Firms Lift N11 Trillion Oil in 12 Monthsbarrels. Since the beginning of the year, crude oil price has been fluctuating
AllAfrica.com / Posted 16 days ago
barrels. Since the beginning of the year, crude oil price has been fluctuating at an average of $50 per barrel but the Organisation of Petroleum Exporting Countries saw the worse price in March 2016 when price plummeted to $38.71 per... Read more
136 related articles
16d
iafrica.com
Petrol price to drop by 69 centsfor the year as light sweet crude supplies particularly from the United States
iafrica.com / Posted 16 days ago
for the year as light sweet crude supplies particularly from the United States as well as Libya and Nigeria (unbound by the Organisation of Petroleum Exporting Countries (OPEC) cut agreement) continue to rise”, explained further the... Read more
7 related articles
16d
IAfrica South African Business News
Petrol price to drop by 69 centsfor the year as light sweet crude supplies particularly from the United States
IAfrica South African Business News / Posted 16 days ago
for the year as light sweet crude supplies particularly from the United States as well as Libya and Nigeria (unbound by the Organisation of Petroleum Exporting Countries (OPEC) cut agreement) continue to rise”, explained further the... Read more
7 related articles
16d
Canberra Times
OPEC output rises on resurgent Libya, Nigeriaproduction rose to the highest this year in June as member nations exempt from
Canberra Times / Posted 16 days ago
production rose to the highest this year in June as member nations exempt from output curbs pumped more. Members of the Organisation of Petroleum Exporting Countries boosted their output by 260,000 barrels a day compared with May, according to a... Read more
136 related articles
16d
Sydney Morning Herald
OPEC output rises on resurgent Libya, Nigeriaproduction rose to the highest this year in June as member nations exempt from
Sydney Morning Herald / Posted 16 days ago
production rose to the highest this year in June as member nations exempt from output curbs pumped more. Members of the Organisation of Petroleum Exporting Countries boosted their output by 260,000 barrels a day compared with May, according to a... Read more
136 related articles
16d
The Age
OPEC output rises on resurgent Libya, Nigeriaproduction rose to the highest this year in June as member nations exempt from
The Age / Posted 16 days ago
production rose to the highest this year in June as member nations exempt from output curbs pumped more. Members of the Organisation of Petroleum Exporting Countries boosted their output by 260,000 barrels a day compared with May, according to a... Read more
136 related articles
16d
Business Standard India
Petrol cheaper by Rs 2/litre, diesel by Re 1 since dynamic fuel pricingin the Middle East raised market concerns. Crude prices have continued on thei
Business Standard India / Posted 16 days ago
in the Middle East raised market concerns. Crude prices have continued on their downward spiral following the 13-nation Organisation of Petroleum Exporting Countries (OPEC) cartel's decision in May to extend output cuts in response to a supply... Read more
17d
The Economic Times
Petrol cheaper by over Rs 2/litre, diesel by Re 1 since daily revisionin the Middle East raised market concerns. Crude prices have continued on thei
The Economic Times / Posted 17 days ago
in the Middle East raised market concerns. Crude prices have continued on their downward spiral following the 13-nation Organisation of Petroleum Exporting Countries (OPEC) cartel's decision in May to extend output cuts in response to a supply... Read more
17d
AllAfrica.com
Petrol Price to Dropfor the year as light sweet crude supplies particularly from the United States
AllAfrica.com / Posted 17 days ago
for the year as light sweet crude supplies particularly from the United States as well as Libya and Nigeria (unbound by the Organisation of Petroleum Exporting Countries (OPEC) cut agreement) continue to rise," said the department. Brent Crude Oil... Read more
7 related articles
17d
AllAfrica.com
Energy On Fuel Price Adjustment for July 2017point for the year as light sweet crude supplies particularly from the US as we
AllAfrica.com / Posted 17 days ago
point for the year as light sweet crude supplies particularly from the US as well as Libya and Nigeria (unbound by the Organisation of Petroleum Exporting Countries (OPEC) cut agreement) continue to rise. Brent Crude Oil prices declined to a... Read more
17d
AllAfrica.com
Oil Prices Leap to $48 Per Barrel Over High Demandrose from $47 to $48.77 per barrel. The price of WTI also rose from $45.50 to
AllAfrica.com / Posted 17 days ago
rose from $47 to $48.77 per barrel. The price of WTI also rose from $45.50 to $46.04 per barrel, while the price of the Organisation of Petroleum Exporting Countries, OPEC, basket rose from $44.48 to $$45.36 per barrel. According to OPEC, "the... Read more
More

In this news