Organisation of Petroleum Exporting Countries

Latest stories

1d
The Irish Times
Oil declines continue ahead of OPEC meetingOil slid for a third day as Canadian producers moved to resume output after wil
Oil declines continue ahead of OPEC meeting
The Irish Times / Posted yesterday
Oil slid for a third day as Canadian producers moved to resume output after wildfires and as the Organisation of Petroleum Exporting Countries (Opec) delegates prepare to meet in Vienna to discuss production policy. Futures lost as much as 0.4 per... Read more
1d
New Zealand's National Business Review
World week ahead: US jobs data to show further growththat will signal whether the bank is getting closer to its inflation target. A
World week ahead: US jobs data to show further growth
New Zealand's National Business Review / Posted yesterday
that will signal whether the bank is getting closer to its inflation target. Also in Vienna mid-week, ministers of the Organisation of Petroleum Exporting Countries (Opec) will meet to discuss oil supply and demand. Opec members contributes... Read more
4d
AllAfrica.com
Again, Militants Bomb Chevron Crude Pipeline in Warriof over half a million barrels of oil from reaching the market. Investors will
Again, Militants Bomb Chevron Crude Pipeline in Warri
AllAfrica.com / Posted 4 days ago
of over half a million barrels of oil from reaching the market. Investors will be watching next month's meeting of the Organisation of Petroleum Exporting Countries (OPEC) for signs of an output hike now that oil had reached $50. OPEC... Read more
68 related stories
4d
Canberra Times
A tale of two gluts: oil and iron ore cross $US50 on opposite pathsdown 30 per cent from the one-year high reached on April 21, according to Metal
A tale of two gluts: oil and iron ore cross $US50 on opposite paths
Canberra Times / Posted 4 days ago
down 30 per cent from the one-year high reached on April 21, according to Metal Bulletin Ltd. Oil production outside the Organisation of Petroleum Exporting Countries is headed for its biggest drop since 1992 as the US shale-oil boom that... Read more
5d
AllAfrica.com
Stop Outsourcing of Refineries, Reps Tell NNPCtensions between Iran and Saudi Arabia will potentially threaten the production
Stop Outsourcing of Refineries, Reps Tell NNPC
AllAfrica.com / Posted 5 days ago
tensions between Iran and Saudi Arabia will potentially threaten the production deal by the member countries of the Organisation of Petroleum Exporting Countries (OPEC), when the cartel meets on June 2. The United States Energy Information... Read more
22 related stories
5d
Gulf News
Pre-Opec meeting said to have no discussion of oil output limitsbloc members review the market, focuses on technical matters London: The final
Pre-Opec meeting said to have no discussion of oil output limits
Gulf News / Posted 5 days ago
bloc members review the market, focuses on technical matters London: The final preparatory gathering of officials from the Organisation of Petroleum Exporting Countries before the ministerial meeting on June 2 didn’t discuss any limits on crude... Read more
5d
The Irish Times
Oil above $50 a barrel for first time in 2016to the lowest since 2003 in January on signs the global oversupply will ease.
Oil above $50 a barrel for first time in 2016
The Irish Times / Posted 5 days ago
to the lowest since 2003 in January on signs the global oversupply will ease. The final preparatory gathering of the Organisation of Petroleum Exporting Countries officials before a ministerial meeting next week didn’t include discussions on... Read more
104 related stories
5d
SKY News
Oil Price Tops $50 As Canada Fires Fuel Recoveryin oil output by up to a third. The value was later holding strong at $50.16.
Oil Price Tops $50 As Canada Fires Fuel Recovery
SKY News / Posted 5 days ago
in oil output by up to a third. The value was later holding strong at $50.16. Prices had already been on the up as the Organisation of Petroleum Exporting Countries, or OPEC, hosted talks earlier this year in an effort to reach agreement on a... Read more
104 related stories
5d
The Irish Times
Brent crude surpasses $50 a barrelto the lowest since 2003 in January on signs the global oversupply will ease.
Brent crude surpasses $50 a barrel
The Irish Times / Posted 5 days ago
to the lowest since 2003 in January on signs the global oversupply will ease. The final preparatory gathering of the Organisation of Petroleum Exporting Countries officials before a ministerial meeting next week didn’t include discussions on... Read more
104 related stories
5d
iol.co.za
Oil breaks through $50to the lowest since 2003 in January on signs the global oversupply will ease. T
Oil breaks through $50
iol.co.za / Posted 5 days ago
to the lowest since 2003 in January on signs the global oversupply will ease. The final preparatory gathering of the Organisation of Petroleum Exporting Countries officials before a ministerial meeting next week didn’t include discussions on... Read more
104 related stories
6d
Business Standard India
Oil nears $50 as data show US crude stockpile fallingcountries including the US While some of the world's biggest producers continue
Oil nears $50 as data show US crude stockpile falling
Business Standard India / Posted 6 days ago
countries including the US While some of the world's biggest producers continue to pump crude at near-record levels, the Organisation of Petroleum Exporting Countries is unlikely to set an output target when it meets June 2 as it sticks with... Read more
104 related stories
8d
The Irish Times
Oil prices fall as Canada production resumes after wildfiresthan 80 per cent from a 12-year low earlier this year on signs the global surpl
Oil prices fall as Canada production resumes after wildfires
The Irish Times / Posted 8 days ago
than 80 per cent from a 12-year low earlier this year on signs the global surplus will ease as US output declines. The Organisation of Petroleum Exporting Countries is unlikely to set a production target when the group meets June 2nd as it... Read more
12d
Gulf News
Kuwait sees Opec strategy working as oil nears $50 on demandLibya, Nigeria and the shale oil.”Oil prices have fallen by about 35 per cent s
Kuwait sees Opec strategy working as oil nears $50 on demand
Gulf News / Posted 12 days ago
Libya, Nigeria and the shale oil.”Oil prices have fallen by about 35 per cent since the November 2014 meeting of the Organisation of Petroleum Exporting Countries, when Kuwait joined Saudi Arabia in leading the producers’ group to shift its... Read more
12d
The Irish Times
Oil nears $50 a barrel with demand growingand deputy prime minister, said. Oil prices have fallen by about 35 per cent s
Oil nears $50 a barrel with demand growing
The Irish Times / Posted 12 days ago
and deputy prime minister, said. Oil prices have fallen by about 35 per cent since the November 2014 meeting of the Organisation of Petroleum Exporting Countries, when Kuwait joined Saudi Arabia in leading the producers’ group to shift its... Read more
13d
Gulf News
Saudi oil inventories hit 18-month low in March as output cappedlimit output after Saudi Arabia and allies in the Gulf Arab region wouldn’t agr
Saudi oil inventories hit 18-month low in March as output capped
Gulf News / Posted 13 days ago
limit output after Saudi Arabia and allies in the Gulf Arab region wouldn’t agree to any accord unless all members of the Organisation of Petroleum Exporting Countries joined, including Iran.Freeze deal“The Saudis were pushing for a freeze deal... Read more
14d
AllAfrica.com
Crude Oil Production Drops Below Budget's Targetday (bpd) from the 1.694 barrels per day it recorded in March to 1.637 bpd in A
Crude Oil Production Drops Below Budget's Target
AllAfrica.com / Posted 14 days ago
day (bpd) from the 1.694 barrels per day it recorded in March to 1.637 bpd in April, according to the latest report of the Organisation of Petroleum Exporting Countries (OPEC). The country has however, suffered a shortfall of 563,000 bpd from the... Read more
137 related stories
14d
Gulf News
Iraq oil surge seen losing steam just as markets need more crudelater this year just as rising global demand and faltering supply elsewhere in
Iraq oil surge seen losing steam just as markets need more crude
Gulf News / Posted 14 days ago
later this year just as rising global demand and faltering supply elsewhere in the world eliminate a glut in crude. The Organisation of Petroleum Exporting Countries is due to meet next on June 2 to assess markets and output policy.Crude prices... Read more
17d
Calcutta News
Oil producers credit rating reduced by Moody’ssaid on May 12 that increase in oil prices is unlikely due to "brimming stockpi
Oil producers credit rating reduced by Moody’s
Calcutta News / Posted 17 days ago
said on May 12 that increase in oil prices is unlikely due to "brimming stockpiles of crude and products” due to Saudi Arabia and Organisation of Petroleum Exporting Countries’ decision to continue pumping of Brent crude to preserve market... Read more
23 related stories
18d
The Age
Oil at six-month high on global output outlooka deteriorating security situation has curbed Nigerian supply, gains from Iran
Oil at six-month high on global output outlook
The Age / Posted 18 days ago
a deteriorating security situation has curbed Nigerian supply, gains from Iran and Iraq have helped to boost Organisation of Petroleum Exporting Countries production to about 33 million barrels a day. Iran's crude production has... Read more
195 related stories
18d
Sydney Morning Herald
Oil at six-month high on global output outlooka deteriorating security situation has curbed Nigerian supply, gains from Iran
Oil at six-month high on global output outlook
Sydney Morning Herald / Posted 18 days ago
a deteriorating security situation has curbed Nigerian supply, gains from Iran and Iraq have helped to boost Organisation of Petroleum Exporting Countries production to about 33 million barrels a day. Iran's crude production has... Read more
195 related stories
18d
Canberra Times
Oil at six-month high on global output outlooka deteriorating security situation has curbed Nigerian supply, gains from Iran
Oil at six-month high on global output outlook
Canberra Times / Posted 18 days ago
a deteriorating security situation has curbed Nigerian supply, gains from Iran and Iraq have helped to boost Organisation of Petroleum Exporting Countries production to about 33 million barrels a day. Iran's crude production has... Read more
195 related stories
20d
The Age
Japanese traders see further weakness in commoditieson signs a global oversupply will ease. The International Energy Agency said la
Japanese traders see further weakness in commodities
The Age / Posted 20 days ago
on signs a global oversupply will ease. The International Energy Agency said last month global production from outside the Organisation of Petroleum Exporting Countries will plunge by 700,000 barrels a day this year even as demand increases by 1.2... Read more
2 related stories
20d
Sydney Morning Herald
Japanese traders see further weakness in commoditieson signs a global oversupply will ease. The International Energy Agency said la
Japanese traders see further weakness in commodities
Sydney Morning Herald / Posted 20 days ago
on signs a global oversupply will ease. The International Energy Agency said last month global production from outside the Organisation of Petroleum Exporting Countries will plunge by 700,000 barrels a day this year even as demand increases by 1.2... Read more
2 related stories
20d
Canberra Times
Japanese traders see further weakness in commoditieson signs a global oversupply will ease. The International Energy Agency said la
Japanese traders see further weakness in commodities
Canberra Times / Posted 20 days ago
on signs a global oversupply will ease. The International Energy Agency said last month global production from outside the Organisation of Petroleum Exporting Countries will plunge by 700,000 barrels a day this year even as demand increases by 1.2... Read more
2 related stories
21d
AllAfrica.com
Petrol to Sell for N130 Per Litreworking with oil majors on improving the state-run refineries in Nigeria. Kach
Petrol to Sell for N130 Per Litre
AllAfrica.com / Posted 21 days ago
working with oil majors on improving the state-run refineries in Nigeria. Kachikwu was quoted in the April bulletin of the Organisation of Petroleum Exporting Countries, OPEC, report to have said discussions were ongoing on how to partner Chevron,... Read more
137 related stories
21d
AllAfrica.com
Govt to Privatise Refineries in 12 Monthsdynamic is likely to come about after oil consumption peaks during the third an
Govt to Privatise Refineries in 12 Months
AllAfrica.com / Posted 21 days ago
dynamic is likely to come about after oil consumption peaks during the third and fourth quarters of the year and when Non-Organisation of Petroleum Exporting Countries (OPEC) production, especially US light tight oil production (shale), records... Read more
21d
The Daily Reckoning
The ‘Debt Contagion’ Spreads From Australian Banksoutcome is possible. Right now, the world still appears to be awash with oil.
The ‘Debt Contagion’ Spreads From Australian Banks
The Daily Reckoning / Posted 21 days ago
outcome is possible. Right now, the world still appears to be awash with oil. Inventories remain at record highs, and the Organisation of Petroleum Exporting Countries (OPEC) doesn’t seem to be in any rush to slow production. Despite that, the... Read more
21d
Brisbane Times
Oil lower as wind shifts direction of Canadian wildfires60 per cent below their peak in mid-2014 as the global oversupply persists. Whi
Oil lower as wind shifts direction of Canadian wildfires
Brisbane Times / Posted 21 days ago
60 per cent below their peak in mid-2014 as the global oversupply persists. While American production has dropped, the Organisation of Petroleum Exporting Countries has boosted supply to more than 33 million barrels a day, underpinned by gains... Read more
26d
Sydney Morning Herald
Oil advances late despite rising US crude stockpileremain about 60 per cent below their peak in mid-2014 as the global oversupply
Oil advances late despite rising US crude stockpile
Sydney Morning Herald / Posted 26 days ago
remain about 60 per cent below their peak in mid-2014 as the global oversupply persists. Production from the Organisation of Petroleum Exporting Countries has risen, underpinned by gains from Iraq and Iran, according to data compiled... Read more
157 related stories
27d
AllAfrica.com
Nigeria Loses N1.7 Trillion Deals to Non-Passage of PIBmaking attempts to ensure the full implementation of the country's local conten
Nigeria Loses N1.7 Trillion Deals to Non-Passage of PIB
AllAfrica.com / Posted 27 days ago
making attempts to ensure the full implementation of the country's local content initiative. Meanwhile, the fate of the Organisation of Petroleum Exporting Countries (OPEC)'s $14 billion upstream investment plan for this year may be hanging in... Read more
10 related stories
28d
The Age
Oil falls on bets US inventories increased last weekbit of a pullback." Prices remain about 60 per cent below their peak in mid-20
Oil falls on bets US inventories increased last week
The Age / Posted 28 days ago
bit of a pullback." Prices remain about 60 per cent below their peak in mid-2014 as the global oversupply persists. The Organisation of Petroleum Exporting Countries raised production last month, with Iraq and Iran leading the gains, according... Read more
9 related stories
28d
Canberra Times
Oil falls on bets US inventories increased last weekbit of a pullback." Prices remain about 60 per cent below their peak in mid-20
Oil falls on bets US inventories increased last week
Canberra Times / Posted 28 days ago
bit of a pullback." Prices remain about 60 per cent below their peak in mid-2014 as the global oversupply persists. The Organisation of Petroleum Exporting Countries raised production last month, with Iraq and Iran leading the gains, according... Read more
9 related stories
28d
Brisbane Times
Oil drops as Iraq exports near record highshow, and drilling has increased as companies including BP and Lukoil PJSC boos
Oil drops as Iraq exports near record high
Brisbane Times / Posted 28 days ago
show, and drilling has increased as companies including BP and Lukoil PJSC boost output at fields in the country. The Organisation of Petroleum Exporting Countries raised production by 484,000 barrels a day to 33.217 million in April, the most... Read more
28d
Sydney Morning Herald
Oil drops as Iraq exports near record highshow, and drilling has increased as companies including BP and Lukoil PJSC boos
Oil drops as Iraq exports near record high
Sydney Morning Herald / Posted 28 days ago
show, and drilling has increased as companies including BP and Lukoil PJSC boost output at fields in the country. The Organisation of Petroleum Exporting Countries raised production by 484,000 barrels a day to 33.217 million in April, the most... Read more
29d
AllAfrica.com
Fuel Prices to Remain Unchanged for Mayoil production has remained relatively stable over the past two months as major
Fuel Prices to Remain Unchanged for May
AllAfrica.com / Posted 29 days ago
oil production has remained relatively stable over the past two months as major oil producers, under the auspices of the Organisation of Petroleum Exporting Countries (OPEC), continue to manoeuvre and deliberate on the best ways possible to... Read more
29d
AllAfrica.com
Pipeline Vandalism and the Military Optionin four months, Angola has beaten the once undisputed largest producer in Afric
Pipeline Vandalism and the Military Option
AllAfrica.com / Posted 29 days ago
in four months, Angola has beaten the once undisputed largest producer in Africa. Data from the April Market Report of the Organisation of Petroleum Exporting Countries (OPEC) indicates that Nigeria produced 1.677 million barrels per day in March,... Read more
29d
AllAfrica.com
OPEC Requires U.S.$10 Trillion to Bridge Investment Gap in Oil, Gas BusinessThe Organisation of Petroleum Exporting Countries (OPEC) has said that the glob
OPEC Requires U.S.$10 Trillion to Bridge Investment Gap in Oil, Gas Business
AllAfrica.com / Posted 29 days ago
The Organisation of Petroleum Exporting Countries (OPEC) has said that the global oil and gas sector would need additional $10 trillion investment to save the industry from total collapse due to the present investment cut, occasioned by low oil... Read more
30d
Brisbane Times
Flat start to busy weekat $US48.50. It rose 21.5 per cent in April, its largest monthly advance since
Flat start to busy week
Brisbane Times / Posted 30 days ago
at $US48.50. It rose 21.5 per cent in April, its largest monthly advance since May 2009. A Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
66 related stories
30d
WA Today
Flat start to busy weekat $US48.50. It rose 21.5 per cent in April, its largest monthly advance since
Flat start to busy week
WA Today / Posted 30 days ago
at $US48.50. It rose 21.5 per cent in April, its largest monthly advance since May 2009. A Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
66 related stories
30d
The Age
Flat start to busy weekat $US48.50. It rose 21.5 per cent in April, its largest monthly advance since
Flat start to busy week
The Age / Posted 30 days ago
at $US48.50. It rose 21.5 per cent in April, its largest monthly advance since May 2009. A Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
66 related stories
30d
Sydney Morning Herald
Flat start to busy weekat $US48.50. It rose 21.5 per cent in April, its largest monthly advance since
Flat start to busy week
Sydney Morning Herald / Posted 30 days ago
at $US48.50. It rose 21.5 per cent in April, its largest monthly advance since May 2009. A Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
66 related stories
30d
Canberra Times
Flat start to busy weekat $US48.50. It rose 21.5 per cent in April, its largest monthly advance since
Flat start to busy week
Canberra Times / Posted 30 days ago
at $US48.50. It rose 21.5 per cent in April, its largest monthly advance since May 2009. A Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
66 related stories
30d
AllAfrica.com
As FG Plans Huge Cut in Oil Sector Contracting Cycleto the high cost per barrel of the Nigerian crude oil when compared with the ou
As FG Plans Huge Cut in Oil Sector Contracting Cycle
AllAfrica.com / Posted 30 days ago
to the high cost per barrel of the Nigerian crude oil when compared with the outputs costs of other member countries of the Organisation of Petroleum Exporting Countries (OPEC). Listing these challenges, Kachikwu said they include multiplicity of... Read more
1m
Sydney Morning Herald
Oil drops as OPEC's monthly output reaches highest since 1989is seen swelling global stockpiles. Futures fell for the first time in four da
Oil drops as OPEC's monthly output reaches highest since 1989
Sydney Morning Herald / Posted a month ago
is seen swelling global stockpiles. Futures fell for the first time in four days after a Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
37 related stories
1m
Canberra Times
Oil drops as OPEC's monthly output reaches highest since 1989is seen swelling global stockpiles. Futures fell for the first time in four da
Oil drops as OPEC's monthly output reaches highest since 1989
Canberra Times / Posted a month ago
is seen swelling global stockpiles. Futures fell for the first time in four days after a Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
37 related stories
1m
Brisbane Times
Oil drops as OPEC's monthly output reaches highest since 1989is seen swelling global stockpiles. Futures fell for the first time in four da
Oil drops as OPEC's monthly output reaches highest since 1989
Brisbane Times / Posted a month ago
is seen swelling global stockpiles. Futures fell for the first time in four days after a Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
37 related stories
1m
The Age
Oil drops as OPEC's monthly output reaches highest since 1989is seen swelling global stockpiles. Futures fell for the first time in four da
Oil drops as OPEC's monthly output reaches highest since 1989
The Age / Posted a month ago
is seen swelling global stockpiles. Futures fell for the first time in four days after a Bloomberg survey showed the Organisation of Petroleum Exporting Countries boosted output in April. Production rose by 484,000 barrels to 33.217 million a... Read more
37 related stories
m
Brisbane Times
Oil reaches five-month high as US output slips againincreased 1.8 per cent to $US1.4046, the highest close since Nov. 12. Other ma
Oil reaches five-month high as US output slips again
Brisbane Times / Posted 1 months ago
increased 1.8 per cent to $US1.4046, the highest close since Nov. 12. Other market news: Russia may take part in the Organisation of Petroleum Exporting Countries' scheduled June meeting to discuss a proposed freeze to output, according to an... Read more
37 related stories
m
The Age
Oil reaches five-month high as US output slips againincreased 1.8 per cent to $US1.4046, the highest close since Nov. 12. Other ma
Oil reaches five-month high as US output slips again
The Age / Posted 1 months ago
increased 1.8 per cent to $US1.4046, the highest close since Nov. 12. Other market news: Russia may take part in the Organisation of Petroleum Exporting Countries' scheduled June meeting to discuss a proposed freeze to output, according to an... Read more
37 related stories
m
Sydney Morning Herald
Oil reaches five-month high as US output slips againincreased 1.8 per cent to $US1.4046, the highest close since Nov. 12. Other ma
Oil reaches five-month high as US output slips again
Sydney Morning Herald / Posted 1 months ago
increased 1.8 per cent to $US1.4046, the highest close since Nov. 12. Other market news: Russia may take part in the Organisation of Petroleum Exporting Countries' scheduled June meeting to discuss a proposed freeze to output, according to an... Read more
37 related stories
More

People in this news