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OPEC
The Organization of Petroleum Exporting Counties (OPEC) is a permanent international body, formed in Baghdad in September of 1960. OPEC plans and orchestrates the petroleum policies of its 13 member countries – and, by default, most of the world’s gas and oil prices. This topic covers the latest news on OPEC’s plans.
OPEC is part of Business Exchange, suggested by
Len Gilbert.
This topic contains
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News
Recent news on this topic.
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...
Saudi Arabia, the world’s largest oil exporter, has put forward a candidate to replace Hasan Qabazard as head of...
OPEC on Wednesday trimmed its forecast for global growth in oil demand in 2013, becoming the second of the world’s...
Subsidies have adverse effects on public finances, economic growth, equity and the environment, body says
A study by the International Monetary Fund found that government fuel subsidies are expensive and detract from...
Oil at $100 a barrel is a “reasonable” price that won’t choke global economic growth, Saudi Arabia’s Oil Minister Ali...
The US was more reliant on the Middle East for its oil imports last year, underscoring the critical importance of the...
Fatih Birol says it does not make sense for governments to promote renewables at the same time as subsidising coal, oil...
... the price increase of recent years has caused, rather than been caused by, the cost hikes that have occurred.
Nigeria's central bank has urged the government to pass the long-delayed petroleum industry bill aimed at reversing the...
Decades of oil production has failed to bring jobs
The OPEC oil cartel, led by Saudi Arabia, will pocket a record of more than US$1 trillion in net oil revenues in 2012...
The International Energy Agency's long-term forecast that the United States would exceed Saudi Arabia in production led...
Nigeria will export 2mn b/d of crude in October, little changed on September and far from state-owned NNPC's recent...
Iraq’s crude output rose above 3 million barrels a day last month for the first time since the 2003 U.S.
U.S.-led sanctions against Iran are costing OPEC’s third-largest producer $133 million a day in lost sales without...
U.S. and European sanctions push Iran from OPEC’s second-largest producer to rank third behind Iraq
Report cites euro zone debt worries, sluggish U.S. economy
Iran called on OPEC to hold an emergency meeting to address the group’s production of crude in excess of the targeted...
Reduced investments in infrastructure and exploration and production capacities may lead to future supply bottlenecks
Top Sources: OPEC
- platts.com
- Times of India
- BusinessWeek
- bit.ly
- oilandgasiq.com
- Reuters
- Economictimes
- CNN Money
- BBC
- Platts
