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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 1,126 news and 133 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.

Oil Rises to 30-Month High on Libya Conflict; OPEC Output Slidesmore

Lanuf and shelled Brega, another energy hub. Libyan oil output fell 72 percent to a 49-year low and OPEC production...

Oil Rises to 30-Month High on U.S. Jobs Growth, Libya Conflictmore

supply side, we remain positive on near-term price outlook��� with Brent ���possibly spiking toward $130 a barrel if...

Donald Trump Criticizes Obama���s Foreign Policymore

in which the businessman cast doubts on Obama being born in the United States. Trump declared China and OPEC were...

Oil rises above $107 in Asia as Gadhafi forces retake Libyan towns, pu...more

$107 a barrel Friday in Asia as investors worried a prolonged civil conflict in Libya will keep the OPEC nation���s...

Oil above $107 as Gadhafi pushes back Libya rebelsmore

$107 a barrel Friday in Asia as investors worried a prolonged civil conflict in Libya will keep the OPEC nation's crude...

Kinross to invest US$1.1b in Ecuador minemore

over the next seven years, and says five projects will be signed in the next few months. The OPEC member has a nascent...

Venezuela will not default on debt, central bank saysmore

Venezuela will not default on its foreign debt and investors should continue to buy bonds from the OPEC member and its...

U.S. WCoast Products-Prices rebound on weekend buysmore

+ + + For more news on energy, double click on + + + + [O] headlines [OPEC] OPEC [NSEA] North Sea [CRU] crude oil...

Oil Heads for Third Quarterly Gain as Libya Disruptions Counters U.S. ...more

Oil rose, heading for a third quarterly gain in New York, as concern the Libyan conflict will prolong production cuts...

Middle East protests: can soaring oil revenues stem the unrest?more

A recent study (February 2011) by three academics argues oil price shocks actually accelerate democratic change in oil...

Ecuador Pension Fund CEO to Trim Government Bond Purchasesmore

Conflicts in the Middle East have led to higher oil prices this year and windfall profits for Ecuador, OPEC���s...

Budgets could push Saudis to high oil pricemore

Extract not available.

Oil Heads for Quarterly Gain as Libya Strife Counters U.S. Glutmore

more realistic levels.��� Qatar���s Oil Minister Mohammed Saleh Al Sada said yesterday there���s no need for OPEC, a...

Oil Heads for Quarterly Gain as Libya Strife Counters U.S. Glutmore

more realistic levels.��� Qatar���s Oil Minister Mohammed Saleh Al Sada said yesterday there���s no need for OPEC, a...

OPEC Oil Drops as Libya Loss Tops Saudi Gain, Survey Showsmore

Nigerian production fell 85,000 barrels a day to 1.915 million this month, the second-biggest decline in OPEC.

OPEC Output Down as Libyan Loss Tops Saudi Gain, Survey Showsmore

By March 31 (Bloomberg) -- The Organization of Petroleum Exporting Countries crude output dropped in March as increases...

Venezuela sees max $2.5 billion arbitration billmore

unstable because Western military intervention in Libya has raised the possibility of conflict spreading in North...

FACTBOX-Iran's oil trade under sanctions regimemore

No sanctions, however, are water-tight. The following is an update of Iran's response to them. Iran is OPEC's second...

Oil climbs to highest since 2008 on Libya conflictmore

are worried that ongoing unrest in North Africa and the Middle East will disrupt global oil supplies from OPEC...

Kuwait Cabinet resigns over Bahrain crisismore

ministers to explain the decision not to send troops.Cabinet resignations are relatively common in Kuwait, a key OPEC...

Revolution Or Evolution In The World Oil Market?more

Covering Libyan oil eats into kingdom’s capacitymore

Saudi plan to raise number of rigs by a quarter

The politics of oil: Wells of anxietymore

Oil prices are likely to remain high as traders demand a premium to offset their increased risk

Opec set for $1,000bn in export revenuesmore

Cartel is a main beneficiary of high oil prices

OPEC oil output falls further on Libyamore

of oil prices over $114 a barrel on inflation and economic growth. Supply from all 12 members of OPEC has averaged 29.

Top Sources: OPEC

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

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