accountA former executive of Saudi Arabian Oil Company, known as Saudi Aramco, who was referenced in a leaked U.S.
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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.
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News
Recent news on this topic.
US diplomat convinced by Saudi expert that reserves of world's biggest oil exporter have been overstated by nearly 40...
There is an extraordinary disconnect between what the experts write about oil prices, and what is likely to happen out...
Rising petrol and diesel prices have fuelled a sharp 'don't blame us, blame them' row between the government and Opec...
Regime uses combination of measures
Nigeria's NNPC says eyes 90% refinery run rate if there is no sabotage - read this Platts news article and other...
The global economy is highly sensitive to supply of crude oil.
In this Platts podcast,Joel Hanley, managing editor for Platts EMEA crude desk, and Richard Swann, managing editor for...
The wild card is the ephemeral ‘security premium’, which is impossible to quantify accurately in money terms.
OPEC is under pressure from consumers to boost supply as most of the world’s benchmark crudes surpass $100 a barrel...
Brent crude, used to price two-thirds of the world’s oil supply, rose above $100 a barrel for the first time since 2008
OPEC is concerned by unrest in Egypt but sees no need for an immediate boost in its output as there is no shortage of...
During the last few months, the prices of oil have had less to do with its levels of supply and demand than with...
OPEC ministers will discuss oil output policy on the sidelines of an international energy conference in Saudi Arabia on...
OPEC inaction over recent oil price spikes is setting the stage for even higher prices for the energy commodity, the...
The price of crude will decline when OPEC members “eventually start to pump more crude in order to avoid damaging the...
Nigerian union threatens strike over oil bill, Chevron job cuts - read this Platts news article and other stories in...
Oil giants RoyalDutch Shell Plc and BP Plc fear rising oil prices may hinder the recovery of the global economy
OPEC output has risen in January to the highest since December 2008, a Reuters survey found on Friday, suggesting oil...
OPEC will have to raise oil prices in coming years to maximize revenue even as it acts to quell crude’s rally toward...
The kingdom is in a powerful position when it comes to deciding how to manage the price of black gold, and it knows...
Oil is likely to rise to between $88 and $90 a barrel in New York and this week’s decline below a Bollinger Band...
Oil headed for its biggest weekly decline in New York since November on speculation more OPEC supply will swell U.S.
During the last few months, the prices of oil have had less to do with its levels of supply and demand than with...
Norwegian oil and gas group Statoil said Wednesday that it saw significant upside potential in its future activities...
Top Sources: OPEC
- platts.com
- Times of India
- BusinessWeek
- bit.ly
- oilandgasiq.com
- Reuters
- Economictimes
- CNN Money
- BBC
- Platts
