OPEC - Business Exchange Most Active Articles 2013-05-22T09:51:14.373-04:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:opec Len Gilbert lgilbert012 Opec lifts call on its crude ahead of meeting urn:com:businessweek:bx:article:11628931163326488099-35bff9a766633720f0f95d76e9a2610a 2013-05-10T15:40:36.732-04:00 Opec has revised up its forecast call on its members crude in 2013 by 100,000 b/d to 29.8mn b/d in its latest Monthly Oil Market Report (MOMR). Opec has revised up its forecast call on its members crude in 2013 by 100,000 b/d to 29.8mn b/d in its latest Monthly Oil Market Report (MOMR). argusmedia.com http://www.argusmedia.com/News/Article?id=846501 Dennis Ude Atuanya datuanya486 0 0 0 0 I.M.F. Calls for Curbing Fuel Subsidies urn:com:businessweek:bx:article:17756156769003767564-dab51f0b7104b4aa4d76ee7596111456 2013-03-28T08:34:32.904-04:00 A study by the International Monetary Fund found that government fuel subsidies are expensive and detract from investment in areas like education and health care. A study by the International Monetary Fund found that government fuel subsidies are expensive and detract from investment in areas like education and health care. New York Times http://www.nytimes.com/2013/03/28/business/imf-calls-for-curbing-fuel-subsidies.html?ref=economy Dennis Ude Atuanya datuanya486 0 0 0 0 Nigeria central bank urges bill passage urn:com:businessweek:bx:article:16343464133617901664-70dca6b92224e7e47f19b0ece2724a48 2013-01-22T17:53:20.916-05:00 Nigeria's central bank has urged the government to pass the long-delayed petroleum industry bill aimed at reversing the decline in the country's oil and gas output. Nigeria's central bank has urged the government to pass the long-delayed petroleum industry bill aimed at reversing the decline in the country's oil and gas output. argusmedia.com http://www.argusmedia.com/News/Article?id=831324 Dennis Ude Atuanya datuanya486 0 0 0 0 U.S. oil boom leaves OPEC sidelined from demand growth urn:com:businessweek:bx:article:14968224827132191894-ad998751f0c8490c603f93e6fb8face0 2013-05-14T09:17:54.347-04:00 Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to links.reuters.com http://links.reuters.com/r/6IP8X/8BPXZ/WTKGA0/26OVYC/LS9V5C/YT/h?a=http://links.reuters.com/r/6IP8X/8BPXZ/WTKGA0/26OVYC/EKXB6X/YT/h Dennis Ude Atuanya datuanya486 0 0 0 0 OPEC joins U.S. in lowering 2013 oil demand growth view urn:com:businessweek:bx:article:5518541763847000502-55b8782fc21a8cbf6553a1b065c55d91 2013-04-10T18:52:43.171-04:00 OPEC on Wednesday trimmed its forecast for global growth in oil demand in 2013, becoming the second of the world’s closely watched oil forecasters this week to predict weaker consumption OPEC on Wednesday trimmed its forecast for global growth in oil demand in 2013, becoming the second of the world’s closely watched oil forecasters this week to predict weaker consumption business.financialpost.com http://business.financialpost.com/2013/04/10/opec-joins-u-s-in-lowering-2013-oil-demand-growth-view/ Dennis Ude Atuanya datuanya486 0 0 0 0 OPEC Said to Consider Saudi Arabian for Research Head Job urn:com:businessweek:bx:article:6697615618053854095-176a6808161bdb440e3e6d91002dec27 2013-04-16T15:45:35.239-04:00 Saudi Arabia, the world’s largest oil exporter, has put forward a candidate to replace Hasan Qabazard as head of research at OPEC, according to two people with knowledge of the matter. Saudi Arabia, the world’s largest oil exporter, has put forward a candidate to replace Hasan Qabazard as head of research at OPEC, according to two people with knowledge of the matter. bloomberg.com http://www.bloomberg.com/news/2013-04-15/opec-said-to-consider-saudi-arabian-for-research-head-job.html Dennis Ude Atuanya datuanya486 0 0 0 0 IMF calls for world's $1.9tr fossil fuel subsidies to be removed urn:com:businessweek:bx:article:953524717505820420-a08e681fae1d96db0c7c3a39ba2ad381 2013-03-28T15:10:46.565-04:00 Subsidies have adverse effects on public finances, economic growth, equity and the environment, body says Subsidies have adverse effects on public finances, economic growth, equity and the environment, body says businessgreen.com http://www.businessgreen.com/bg/news/2258085/imf-calls-for-worlds-usd19tr-fossil-fuel-subsidies-to-be-removed?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=IMF%20calls%20for%20world%27s%20%241.9tr%20fossil%20fuel%20subsidies%20to%20be%20removed&utm_campaign=BusinessGreen%20Daily%20News%20280313&utm_source=Business%20Green%20Daily&utm_medium=Email Dennis Ude Atuanya datuanya486 0 0 0 0 Iraq Oil Tops 3 Million Barrels for First Time Since 2002 urn:com:businessweek:bx:article:5918197064576029417-a6257f7883ff082729b7cccf1039a938 2012-08-10T14:56:31.543-04:00 Iraq’s crude output rose above 3 million barrels a day last month for the first time since the 2003 U.S.-led invasion that toppled Saddam Hussein, according to the Organization of Petroleum Exporting Countries. Iraq’s crude output rose above 3 million barrels a day last month for the first time since the 2003 U.S.-led invasion that toppled Saddam Hussein, according to the Organization of Petroleum Exporting Countries. bloomberg.com http://www.bloomberg.com/news/2012-08-09/iraq-oil-tops-three-million-barrels-for-first-time-since-2002.html?ftcamp=crm/email/2012810/nbe/beyondbricsLondon/product Dennis Ude Atuanya datuanya486 0 0 0 0 Naimi Says $100 Crude Oil Is Reasonable Price urn:com:businessweek:bx:article:6452856070391555497-16e4f9a9d96b068299ec2bf25f9f7ca8 2013-03-18T15:28:06.077-04:00 Oil at $100 a barrel is a “reasonable” price that won’t choke global economic growth, Saudi Arabia’s Oil Minister Ali Al-Naimi said. Oil at $100 a barrel is a “reasonable” price that won’t choke global economic growth, Saudi Arabia’s Oil Minister Ali Al-Naimi said. bloomberg.com http://www.bloomberg.com/news/2013-03-18/saudi-arabia-s-naimi-says-100-crude-oil-is-reasonable-price.html Dennis Ude Atuanya datuanya486 1 1 0 0 CGES: Oil field costs haven’t made crude oil prices rise urn:com:businessweek:bx:article:12894601515071262733-c4a65a02453053284f173c82d1001772 2013-01-31T08:42:04.609-05:00 ... the price increase of recent years has caused, rather than been caused by, the cost hikes that have occurred. ... the price increase of recent years has caused, rather than been caused by, the cost hikes that have occurred. ogj.com http://www.ogj.com/articles/2013/01/cges--oil-field-costs-havent-made-crude-oil-prices-rise.html?cmpid=EnlDailyJanuary302013 Dennis Ude Atuanya datuanya486 1 1 0 0 US oil imports from Middle East increase urn:com:businessweek:bx:article:2105948671570982437-b1a3996866f767e87598d1fc02ed5862 2013-03-04T05:07:08.331-05:00 The US was more reliant on the Middle East for its oil imports last year, underscoring the critical importance of the politically unstable region for the country despite the growing energy independence its shale gas revolution is bringing. That The US was more reliant on the Middle East for its oil imports last year, underscoring the critical importance of the politically unstable region for the country despite the growing energy independence its shale gas revolution is bringing. That ft.com http://www.ft.com/cms/s/0/d792c648-7f46-11e2-89ed-00144feabdc0.html Dennis Ude Atuanya datuanya486 3 3 0 0 Negotiations Behind U.S. Sanctions Against Iran urn:com:businessweek:bx:article:2486779808031945067-c222c25dddac25a05e07f1df0ad36b4a 2012-07-06T09:38:00.423-04:00 econmatters.com http://www.econmatters.com/2012/07/negotiations-behind-us-sanctions.html Dian L. Chu dchu748 0 0 0 0 Iran Calls for OPEC Emergency Meeting on Output, Mehr Says urn:com:businessweek:bx:article:17041681324291445901-5e1e3abf2ecada9b94bc60d05931c9b2 2012-06-30T17:29:51.202-04:00 Iran called on OPEC to hold an emergency meeting to address the group’s production of crude in excess of the targeted 30 million barrels a day, Mehr news agency reported, citing the country’s Oil Minister. Iran called on OPEC to hold an emergency meeting to address the group’s production of crude in excess of the targeted 30 million barrels a day, Mehr news agency reported, citing the country’s Oil Minister. bloomberg.com http://www.bloomberg.com/news/2012-06-30/iran-calls-for-opec-emergency-meeting-on-output-mehr-says.html Dennis Ude Atuanya datuanya486 0 0 0 0 Saudis pledge to boost oil output if needed urn:com:businessweek:bx:article:12767433723350851395-75f2520c4f114c69e72c31b240ff0aa6 2012-06-20T10:54:07.969-04:00 Saudi Arabia pledged at the Group of 20 (G20) summit today to tap 2.5mn b/d of spare production capacity if necessary to ensure world oil markets are well-supplied. Saudi Arabia pledged at the Group of 20 (G20) summit today to tap 2.5mn b/d of spare production capacity if necessary to ensure world oil markets are well-supplied. argusmedia.com http://www.argusmedia.com/News/Article?id=802622 Dennis Ude Atuanya datuanya486 1 1 0 0 OPEC oil exports earned $1.04 trillion in 2011, up from $745 billion urn:com:businessweek:bx:article:11440712590724034624-6d3d7e906e09b1103f791fbe892e5672 2012-06-19T12:34:32.094-04:00 OPEC's 12 members earned a combined $1.04 trillion in oil export revenues last year, up from $745 billion in 2010, the oil producer group's Vienna secretariat said in its annual report this week. Go to story... OPEC's 12 members earned a combined $1.04 trillion in oil export revenues last year, up from $745 billion in 2010, the oil producer group's Vienna secretariat said in its annual report this week. Go to story... s911.t.en25.com http://s911.t.en25.com/e/er?WT.mc_id=&WT.tsrc=Eloqua&s=911&lid=24762&elq=7ce1a093552d45709c9980e58faee997 Dennis Ude Atuanya datuanya486 1 1 0 0 NNPC upstream arm targets 250,000 b/d by 2015 urn:com:businessweek:bx:article:12768392971162270471-960d605ba9768cf63eeb326e5f9c5ba9 2012-06-20T10:50:19.392-04:00 Nigerian state-owned NNPC is looking to boost upstream arm NPDC's crude production to 250,000 b/d by 2015. Nigerian state-owned NNPC is looking to boost upstream arm NPDC's crude production to 250,000 b/d by 2015. argusmedia.com http://www.argusmedia.com/News/Article?id=802662 Dennis Ude Atuanya datuanya486 0 0 0 0 A peak oil follower despairs of his movement's future urn:com:businessweek:bx:article:3308195175238843628-8f5a26d887c8900bd75e5c33bc3e26cb 2012-06-13T15:39:46.314-04:00 When OPEC officials meeting in Vienna are talking about "tremendous" surpluses of oil in the world, and US crude production has risen above 6 million b/d, it's tough to be a disciple to the peak oil school of the future. Read more... When OPEC officials meeting in Vienna are talking about "tremendous" surpluses of oil in the world, and US crude production has risen above 6 million b/d, it's tough to be a disciple to the peak oil school of the future. Read more... platts.com http://www.platts.com/weblog/oilblog/2012/06/12/a_peak_oil.html?WT.mc_id=&WT.tsrc=Eloqua Dennis Ude Atuanya datuanya486 2 2 0 0 Record Saudi, U.S. oil output offsets Libya output urn:com:businessweek:bx:article:7315779150267958811-a936db9b1b8bc05387942cd834c3ecdb 2012-06-15T14:00:39.788-04:00 Record oil production by Saudi Arabia and the U.S. in 2011 helped ensure the world economy was supplied with enough crude, despite the severe disruptions to the energy system that occurred last year caused by civil war in Libya and a massive earthquake and tsunami in Japan, BP PLC' s (BP.LN) annual statistical review showed Wednesday. Record oil production by Saudi Arabia and the U.S. in 2011 helped ensure the world economy was supplied with enough crude, despite the severe disruptions to the energy system that occurred last year caused by civil war in Libya and a massive earthquake and tsunami in Japan, BP PLC' s (BP.LN) annual statistical review showed Wednesday. cl.s4.exct.net http://cl.s4.exct.net/?qs=694d145fc5a0d036129b066193534a418c16be7664b92dfb5c40405febdfcaab Dennis Ude Atuanya datuanya486 0 0 0 0 Nigeria October oilexports lowest this year urn:com:businessweek:bx:article:11760237638740781311-0c04c25ea9d0606e966f0a8e84ac0f5f 2012-08-24T18:59:04.993-04:00 Nigeria will export 2mn b/d of crude in October, little changed on September and far from state-owned NNPC's recent claim of 2.7mn b/d crude production. Nigeria will export 2mn b/d of crude in October, little changed on September and far from state-owned NNPC's recent claim of 2.7mn b/d crude production. argusmedia.com http://www.argusmedia.com/News/Article?id=811187 Dennis Ude Atuanya datuanya486 1 1 0 0 OPEC unlikely to push gas prices up as talks break down urn:com:businessweek:bx:article:6257413344028350838-570f08cb9da0bd479be78aa46889a7dd 2012-06-11T08:34:40.088-04:00 The organization’s infighting will make it even more difficult to cope with the troubles in Europe The organization’s infighting will make it even more difficult to cope with the troubles in Europe theglobeandmail.com http://www.theglobeandmail.com/globe-investor/investment-ideas/breaking-views/opec-unlikely-to-push-gas-prices-up-as-talks-break-down/article4246499/ Dennis Ude Atuanya datuanya486 0 0 0 0 OPEC Crude Oil Production Slightly Declined June 2012 urn:com:businessweek:bx:article:17992764743972353714-8dda66b65731e57657a86774759fa3bb 2012-07-11T07:23:20.123-04:00 According to the recent July report by the Organization of the Petroleum Exporting Countries in regards to the recent developments in the crude oil market,... According to the recent July report by the Organization of the Petroleum Exporting Countries in regards to the recent developments in the crude oil market,... tradingnrg.com http://www.tradingnrg.com/opec-crude-oil-production-slightly-declined-june-2012/ Lior Cohen lcohen577 5 5 0 0 IEA chief: 'Fossil fuel subsidies are public enemy number one' for green energy urn:com:businessweek:bx:article:14340902287783096187-da81d669392d73f7d02da9e2b26bef0e 2013-02-04T13:33:09.955-05:00 Fatih Birol says it does not make sense for governments to promote renewables at the same time as subsidising coal, oil and gas Fatih Birol says it does not make sense for governments to promote renewables at the same time as subsidising coal, oil and gas newsletters.businessgreen.com http://newsletters.businessgreen.com/c/13I2GZrYqcxxOoOuX5xcVgqqE Dennis Ude Atuanya datuanya486 5 5 0 0 Libya says oil contracts under review urn:com:businessweek:bx:article:5275859360206543839-decd210d734ce98c216f3474410f0ab7 2012-05-27T05:43:26.716-04:00 Libya's interim prime minister Abdurrahim El-Keib said that Libya is reviewing all contracts signed by the previous regime in the oil sector and all other sectors for any evidence of corruption or illegal practice. Libya's interim prime minister Abdurrahim El-Keib said that Libya is reviewing all contracts signed by the previous regime in the oil sector and all other sectors for any evidence of corruption or illegal practice. argusmedia.com http://www.argusmedia.com/News/Article?id=799472 Dennis Ude Atuanya datuanya486 1 1 0 0 As oil ‘bunkering’ rises in Nigeria, thieves say they have no choice urn:com:businessweek:bx:article:4360013967627330585-c3b46fbd10af6d9cc70f9073f7f69af2 2013-01-18T15:57:48.964-05:00 Decades of oil production has failed to bring jobs Decades of oil production has failed to bring jobs theglobeandmail.com http://www.theglobeandmail.com/report-on-business/international-business/african-and-mideast-business/as-oil-bunkering-rises-in-nigeria-thieves-say-they-have-no-choice/article7435665/ Dennis Ude Atuanya datuanya486 2 2 0 0 Report predicts bleak future for Nigeria'€™s oil, gas reserves urn:com:businessweek:bx:article:3570133502046904318-135c5e4ddb0ea5dfca6fd8f8330870b2 2012-05-25T06:31:38.760-04:00 While the oil reserve has been estimated to peak at about 40.05 billion barrels in 2016, it will later decline to 27.90 billion barrels by 2021. While the oil reserve has been estimated to peak at about 40.05 billion barrels in 2016, it will later decline to 27.90 billion barrels by 2021. ngrguardiannews.com http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=87137:report-predicts-bleak-future-for-nigerias-oil-gas-reserves&catid=31:business&Itemid=562 Dennis Ude Atuanya datuanya486 1 1 0 0