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About 1307 results for "opec"

Oil slips to $59 in Opec turf war
Times Live South Africa

OPEC will not step in to support the floundering oil prices: K...

By Omar Hasan, AFP KUWAIT CITY--OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said Tuesday, as Brent crude breached the US$60 mark. At OPEC's meeting in November, we took two decisions, ... China Post, 2 hours ago

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Saudi Arabia Spending Reduces Room for OPEC Output Cuts

Saudi Arabia's plan to continue spending on social projects and security increases the likelihood that the world's biggest oil exporter will stick with OPEC's policy of maintaining output even as crude prices plunge. "Saudi Arabia is backing up ...
 BusinessWeek2 hours ago Saudi Arabia Spending Means Less Room for OPEC to Cut Oil Output  Bloomberg4 hours ago Saudi to keep spending on projects in 2015  MENAFN10 hours ago

Despite pain, OPEC hawks come round to merits of riding out oil slump

LONDON, Dec 17 (Reuters) - OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to defend prices. ...
 CNBC5 hours ago OPEC hawks see merits of waiting minutes ago OPEC hawks come round to merits of riding out oil slump hours ago

OPEC Sets Up the Rollercoaster, Albertans Take a Ride (Again)

"You come from capitalist nations. You know what the market does. For any commodity it goes up and down, up and down"--Saudi Oil Minister Ali al-Naimi Contrary to the expectations of many analysts, OPEC (read Saudi Arabia) decided it would not ...
 Huffington Post Canada9 minutes ago ROBERT McFARLANE: Saudi Arabia lets low oil prices squeeze OPEC partner, Shiite rival Iran  Washington Times1 day ago Saudi sights set on US shale at crucial OPEC meeting  Business Standard3 weeks ago Saudi Arabia is playing chicken with its oil  Himalayan times1 day ago
Reuters UK

OPEC signals "wait and see" approach could last a year

DOHA, Dec 16 (Reuters) - Core Gulf OPEC oil producers signaled this week they are prepared to wait as long as six months to a year to see the market stabilize, quashing hopes for any quick intervention to stop the price rout that took crude to under ...
 CNBC1 day ago Playing with oil? OPEC signals 'wait and see' approach could last a year  Albawaba2 hours ago OPEC signals 'wait and see' approach could last a year hours ago OPEC signals wait and see approach that could last a year  AGI.it5 hours ago
Business Times Singapore

Brent seen falling to US$50 as Opec sticks to output decision

London CRUDE oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global glut. Brent, the global benchmark, will slide to as low as US$50 a barrel in 2015, according to the median in a ...
 Business Times Singapore21 hours ago WTI, Brent crude oil futures trade lower as OPEC fails  MyIris1 day ago Brent Seen Falling to $50 Next Year as OPEC Fails to Stem Glut  La Repubblica1 day ago Crude Seen Falling to $50 in 2015 as OPEC Fails to Stem Glut  Washington Post2 days ago

Oil Trades Near 5-Year Low as Russia Mirrors OPEC Output Policy

(For more on oil's decline, click EXT5 ) Futures fell as much as 1.4 percent in New York after sliding below $55 a barrel yesterday for the first time since May 2009. Production from Russia, the world's largest crude producer, will be similar to ...
 La Repubblica19 hours ago Oil Slides Below $55 as U.S. Output Seen Steady Amid OPEC Fight  La Repubblica1 day ago Oil hits new five-year low  Business Standard2 days ago Oil Near 5-Year Low as Russia Echoes OPEC Output Policy  BusinessWeek4 hours ago
New Age Bangladesh

Oil price: No need for meeting before June, says OPEC

— Reuters photo Kuwait's oil minister said on Tuesday that members of the Organization of the Petroleum Exporting Countries (OPEC) agreed there was no need for another meeting before June. There is an agreement between OPEC countries that ...
 New Age Bangladesh12 hours ago OPEC in agreement over no need for meeting before June - Kuwait  Reuters India1 day ago OPEC hands off on crude prices  Manila Times7 hours ago OPEC meeting keeps world on the edge  The Hindu3 weeks ago

OPEC Oil Revenue to Tumble as Prices, Exports Decline

OPEC, excluding Iran, will make $703 billion from exporting oil this year, down 14 percent from 2013, the U.S. Energy Information Administration reported today. It forecast that sales will fall further in 2015. Net oil-export revenue will drop to ...
 BusinessWeek4 hours ago

Oil prices land blow to OPEC, EIA says

NEW YORK, Dec. 17 (UPI) -- The U.S. Energy Information Administration warned OPEC members might need to trim their budgets as oil prices continued their steady decline Wednesday. "Further revisions to future budget plans may be required in many ...
 UPI5 hours ago
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