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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 1,092 news and 132 blog items. Read updated news, blogs, and resources about OPEC. Find user-submitted articles and reactions on OPEC from like-minded professionals.

News

Recent news on this topic.

Libya says oil contracts under reviewmore

Libya's interim prime minister Abdurrahim El-Keib said that Libya is reviewing all contracts signed by the previous...

Crude oil theft hits 180,000 bpd in Nigeriamore

NIGERIA loses about 180,000 barrels of crude oil per day (bpd) to theft and pipeline vandalism, according to the...

Report predicts bleak future for Nigeria'€™s oil, gas reservesmore

While the oil reserve has been estimated to peak at about 40.05 billion barrels in 2016, it will later decline to 27.

Iran makes Caspian oil discoverymore

Iran has made an oil discovery in its sector of the Caspian Sea, which it claims could contain around 7bn-10bn bl of...

OPEC's Badri says $100/b is comfortable oil price for producers, consu...more

Says OPEC was not happy with current high oil prices, and that anything over $110/barrel was too high.

Iran crude to Europe slows to a tricklemore

European buying of Iranian crude has slowed to a trickle as it becomes ever more difficult to take delivery of cargoes...

Global Crude Oil Prices: Why Volatility Is Likely to Enduremore

Due largely to somewhat conflicting impulses in the oil market, oil prices will likely remain volatile for some time.

Iranian versus Iraqi crude oil outputmore

Crude production in the two OPEC member states appears to be moving in very different directions.

Bringing Transparency to National Oil Companies and "Citizens' Oi...more

National oil companies and the buyers of their oil should publish the price, volume, and crude grade for every cargo of...

Iraq needs $30bn refinery investmentsmore

Iraq's refining sector is in pressing need of extensive rehabilitation, modernisation and conversion, and needs new...

International Oil Market Is 'Well-Supplied'more

"The supply is meeting the demand."

US wants oil producing nations to boost output – Ponemanmore

Oil producing countries need to supply the market with crude, because current prices are threatening the future of the...

OPEC sees flat oil market for 2012more

Cartel says world oil demand likely to remain unchanged from previous estimates due to weak global economy

Bernstein Research hikes 2012 Brent forecast from $90/b to $105/bmore

For the year to date, Brent has averaged $115.40/b, "making it unlikely that our previous forecast of $90/b...

The Questionable Economics of the Keystone XL Pipelinemore

Supporters of the Keystone pipeline claim it will create thousands of jobs and reduce the price of gas.

Saudi Arabia Reduces Crude Oil Production, Exports in December, JODI S...more

Saudi Arabia, OPEC’s largest crude producer, reduced oil output and exports in December from November when it produced...

Oil demand outlook by region until 2015more

Regional oil demand trends are diverse: Asia and the Middle East are at the top of the league while Europe is skirting...

The hidden war Iran may wage on the oil market, according to Gary Sickmore

Asymmetrical warfare?

Iran Sanctions Tighten as Shippers Stop Loadingmore

Sanctions on Iran are tightening after Overseas Shipholding Group, Frontline Ltd. and owners controlling more than 100...

IEA Sees Slowdown In Oil Product Demand Growth Continuingmore

This shows that basic oil supply and demand figures do not support prices at their current level of around $118 a...

Nigeria pipeline theft risks 140,000 b/d - Shellmore

Rising crude theft on the new Nembe Creek oil pipeline in Nigeria threatens 140,000 b/d of the firm's oil exports to...

Nigeria’s Mend claims attack on Eni pipelinemore

Nigeria's main rebel group claimed yesterday that it had carried out an attack on the Nembe-Brass crude pipeline...

Iran's Khamenei warns West against military action, oil sanctions -more

Iran's Supreme Leader Ayatollah Ali Khamenei on Friday warned the West against taking military action and imposing...

2012: The Year Ahead- The Iran card and the future of oilmore

Oil prices had a low point or two in 2011, but finished the year with a fairly decent run. If Iran is pushed hard by...

Oil at $150 Becomes Biggest Options Bet on Iranmore

The prospect of oil topping $150 a barrel within a year has become the biggest bet in the options market as the U.S.

Top Sources: OPEC

  • platts.com
  • Times of India
  • BusinessWeek
  • bit.ly
  • oilandgasiq.com
  • Reuters
  • Economictimes
  • CNN Money
  • BBC
  • Platts

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