Articles tagged with: OPEC
Opec will likely decide to cut oil output at its December 14 meeting in Vienna as global oil demand is expected to decline next year, Iraq’s oil minister said on Tuesday, a view in line with ...
The global oil market looks balanced, Saudi oil minister Ali al-Naimi indicated on Sunday, while the secretary general of the Organization of the Petroleum Exporting Countries said some producers need to cut back as Libyan output ...
OPEC, a grouping of 12 countries that controls 80 per cent of the world’s oil reserves, has said its members will invest in boosting crude supply to meet rising consumption despite the European financial crisis and ...
Organisation of Petroleum Exporting Countries (Opec) oil production declined by 130,000 barrels per day (bpd) to 30 million bpd in September, mainly due to lower volumes from Saudi Arabia and sabotage-hit Nigeria, a new survey has ...
The United States economy is not growing as much as hoped and European debt woes are a concern, but Opec expects strong demand from China and expects the Chinese economy to grow 8.5 per cent next ...
The Organisation of the Petroleum Exporting Countries (Opec) cut its forecast for global oil demand growth this year as a worsening economic outlook curbs consumption in developed economies. Opec, in a monthly report on Tuesday, also ...
The 12-member Organisation of the Petroleum Exporting Countries (Opec) pumped an average of 29.57 million barrels per day (b/d) of crude oil in June, an increase of 530,000 barrels per day, says a survey. The Platts ...
The International Energy Agency (IEA) upped the pressure on the Organisation of the Petroleum Exporting Countries (Opec) to increase output by forecasting a steep rise in oil demand later this year and predicting the strain on ...
Oil prices will rise and could harm the economy, if an expected supply shortage materialises later this year, Opec Secretary General Abdullah al-Badri said. Consumer countries have clamoured for more crude as prices, which rose above ...
Economics, rather than politics was behind the collapse of this week’s Opec talks and the group as a whole would act if it grew worried about oil supplies running short, a top Opec official said. The ...
