Daylife Select
A point & click tool to create dynamic content portals. Learn More »
Editor's Picks
There is no pinned content in this Editor's Picks module.
Click here to learn more about content pinning.
-
By Jacob Gronholt-Pedersen MOSCOW -- The head of a new Russia-led global natural-gas producer group said Tuesday the organization has no immediate plans to coordinate output volumes and regulate prices, but isn't ruling out becoming an Organization of... Full Article at Wall Street Journal
-
NEW YORK - Oil prices rose sharply Tuesday for the first time in nine days with OPEC predicting energy demand will rebound faster than it had thought. Full Article at Atlanta Journal Constitution Vendor
-
December 15, 2009 12:06 PM EST United States Oil (NYSE: USO) up 0.93% to $35.91. The ETF is trading higher as OPEC lifted is demand for next year, with emphasis on China and India. The total revision is 70,000 barrels/day from its November forecast. Full Article at Street Insider
-
Published: 12/15/2009 10:56 AM Last Modified: 12/15/2009 10:56 AM NEW YORK — Oil prices rose sharply Tuesday for the first time in nine days with OPEC predicting energy demand will rebound faster than it had thought. Full Article at Tulsa World
-
The latest Trinidad & Tobago Oil & Gas Report forecasts that the country will account for just 0.47% of Latin America regional oil demand by 2013, while providing only 1.23% of supply. Full Article at Street Insider
-
Iraq will be a "big player" in OPEC due to the full exploitation of its oil fields the output of which is expected to ramp up five times in 2016, a senior US embassy official said on Sunday. Full Article at Al Sumaria TV Iraq
-
CAIRO -- OPEC nudged its 2010 forecast for global oil demand slightly higher Tuesday, a week before it's due to meet, but cautioned that the pace of the global recovery may affect consumer appetite for its chief export. Full Article at Miami Herald
-
(MENAFN - Arab Times) In its latest economic brief on the oil market and budget developments, NBK reports that, the price of Kuwait Export Crude (KEC) remained broadly stable through November and into early December, trading in a narrow range of $75-78... Full Article at Middle East North Africa Financial Network
-
OPEC noted that oil inventories remain exceedingly high in developed nations and ample stocks of refined petroleum products could continue to affect demand and, as a result, oil prices. Full Article at Belleville News-Democrat
-
Russia today said the Gas Exporting Countries Forum (GECF), a ''gas equivalent'' of the OPEC oil cartel, will be fully operational next year. ''Its formation will be completed in 2010. Full Article at Webindia123
-
CAIRO - OPEC nudged its 2010 forecast for global oil demand slightly higher Tuesday, a week before it's due to meet, but cautioned that the pace of the global recovery may affect consumer appetite for its chief export. Full Article at Minneapolis Star Tribune
-
SAN FRANCISCO (MarketWatch) -- Crude oil futures rose early Tuesday after the Organization of Petroleum Exporting Countries lifted its estimate of how much crude its members will need to produce in 2010 to meet world consumption. Full Article at MarketWatch
-
Oil steadies after a 9-day retreat December 15, 2009: 9:38 AM ET LONDON (Reuters) -- Oil paused on Tuesday below $70 a barrel after falling for nine straight days, its longest continuous decline in eight years, as markets looked to U.S. storage data and... Full Article at CNN/Money
-
NEW YORK -- Crude oil futures rose early on Tuesday, after the Organization of Petroleum Exporting Countries lifted its estimate of how much crude its members will need to produce in 2010 to meet world consumption. Full Article at FOX News
-
Oil prices hovered below $70 a barrel on Tuesday, held down by high inventories and weak demand while investors awaited new data about the U.S. economy. Full Article at The Oil Drum
-
NEW YORK (MarketWatch) -- Crude oil futures rose early on Tuesday, after the Organization of Petroleum Exporting Countries lifted its estimate of how much crude its members will need to produce in 2010 to meet world consumption. Full Article at MarketWatch
-
LONDON, Dec 15, 2009 (AFP) - Oil prices were narrowly mixed on Tuesday amid concerns over large stockpiles in the United States caused by weak demand in the world's biggest consumer, traders said. Full Article at Zawya.com
-
Refining margins, or the profit from turning oil into fuels such as gasoline and diesel, will remain weak in 2010 as demand stays subdued and new capacity starts, according to the Organization of Petroleum Exporting Countries. Full Article at Houston Chronicle
-
In the 1970s and early 1980s, having seized control of the U.N. apparatus (by power of numbers), Third World countries decided to cash in. OPEC was pulling off the greatest wealth transfer from rich to poor in history. Why not them? So in grand U.N. Full Article at The Oakland Press
-
KUWAIT CITY, Dec. 14 (Xinhua) -- Qatar's Deputy Prime Minister and Minister of Energy and Industry said here Monday the current oil prices that fluctuate between 70 to 80 U.S. dollars per barrel was "appropriate." Full Article at Xinhua
About OPEC
Wikipedia
There are no results for this module. Edit this module to change the search term used to query Wikipedia
Related Photos
prev
next
-
Getty Images
Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
View Photo » -
Getty Images
Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
View Photo » -
Getty Images
OPEC president Eng Jose Maria Botelho de Vasconcelos of Angola opens the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
View Photo » -
Getty Images
OPEC president Eng JoseMaria Botelho de Vasconcelos of Angola (L) and OPEC Secretary General Abdalla Salem El-Badri (R) of Libya open the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
View Photo » -
Reuters Pictures
OPEC Secretary General Abdullah al-Badri smiles during a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos prepares for a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos listens during a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos (L) and OPEC Secretary General Abdullah al-Badri address a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna Septembe...
View Photo » -
Getty Images
OPEC president Jose Maria Botelho de Vasconcelos of Angola opens the 154th regular OPEC meeting in Vienna on September 9,2009.
View Photo » -
Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos leaves a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos (C) and OPEC Secretary General Abdullah al-Badri (R) prepare for a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna...
View Photo » -
AP Photo
OPEC Secretary General Abdalla Salem El-Badri, from Libya, speaks at a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept. 10, 2009.
View Photo » -
AP Photo
Jose Maria Botelho de Vasconcelos, president of the OPEC conference and minister of petroleum from Angola, speaks at a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept. 10...
View Photo » -
AP Photo
OPEC Secretary General Abdalla Salem El-Badri, from Libya, speaks at a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept. 10, 2009.
View Photo » -
AP Photo
Jose Maria Botelho de Vasconcelos, president of the OPEC conference and minister of petroleum from Angola, leaves after a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept....
View Photo » -
AP Photo
Jose Maria Botelho de Vasconcelos, president of the OPEC conference and minister of petroleum from Angola, sits down for a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept...
View Photo » -
Reuters Pictures
OPEC President Jose Botelho de Vasconcelos talks to journalists at the beginning of a meeting of OPEC oil ministers in Vienna September 9, 2009. The worst of the global economic crisis is over but significant uncertainty over oil prices remained, De Vasconcelos said on Wednesday.
View Photo » -
Reuters Pictures
OPEC President Jose Botelho de Vasconcelos talks to journalists at the beginning of a meeting of OPEC oil ministers in Vienna September 9, 2009. The worst of the global economic crisis is over but significant uncertainty over oil prices remained, De Vasconcelos said on Wednesday.
View Photo » -
Getty Images
Iran's oil minister Masoud Mirkazemi arrives to OPEC headquarters for an early meeting on the eve of the 154th regular OPEC meeting in Vienna on September 8, 2009.
View Photo » -
Getty Images
Kuwait's Oil Minister Sheikh Ahmad Abdullah al-Sabah arrives to OPEC headquarters for an early meeting on the eve of the 154th regular OPEC meeting in Vienna on September 8,2009.
View Photo » -
AP Photo
President of the OPEC conference and Minister of Petroleum Jose Maria Botelho de Vasconcelos from Angola gestures as he speaks to journalists prior to the start of the 154th meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria,...
View Photo »
Getty Images
Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
View Photo »Related Topics
Related Videos
Related Quotes
- Previous
- Next
- 1/21
-
Oil was looking for an excuse to rally, and they got it with the OPEC report ... But the market is ignoring the fact that we have an oversupply of everything.
-
The weather has turned colder in Europe, but the global picture of spare capacity in the OPEC supply pipeline, spare capacity in the downstream sector and high floating stocks will not change overnight nor over the Christmas holidays, and it is why the Fed statement on Wednesday is probably going to be ...
SOURCE: Wall Street Journal -
They're going to be a big player that wants to come back to the table, so they're going to have to negotiate with Saudi Arabia, Iran, Venezuela and the other OPEC members.
SOURCE: Channel News Asia -
It’s very possible that the upcoming December 22nd OPEC meeting in Angola, expected to be uneventful and predictable, may have a bit more uncertainty hanging over it if we get a few more days of declining prices going into it
SOURCE: Dubai Chronicle -
We are against any form of cartelisation ... If a gas OPEC were created to control production or investment, it could create problems for the future.
-
Non-OPEC oil production increases have been largely the result of higher production from the United States, Brazil and the former Soviet Union ... Oil production in Colombia has also been surprisingly strong.
SOURCE: Forbes -
When you see in the OPEC bulletins the rising concern linked to climate change, you can see that producers are closing ranks ... In the hardest times in its history, OPEC tends to stick together.
SOURCE: Zawya.com -
OPEC member Saudi Arabia, which has the largest oil reserves in the world (20%), has only 1,560 producing wells
SOURCE: New York Post -
Taking everything into account, OPEC is unlikely to make a change in its production policy in the next meeting in Angola ... However, the final decision will be made by the ministers when they meet.
SOURCE: Times of India -
when OPEC (Organization of Petroleum Exporting Countries) cut the spigot off because United States policy upset them. There was talk then that we would get America to clean and renewable energy, from the Nixon administration up through [President Jimmy] Carter. I thought at that time something was going...
SOURCE: Terre Haute News -
Any military action in the Strait of Hormuz in the Gulf would knock out oil exports from OPEC's biggest producers, cut off the oil supply to Japan and South Korea, and knock the booming economies of Gulf states.
SOURCE: Payvand News of Iran -
Mr Speaker, if the United States is to become truly energy independent, it must seek non-OPEC alternatives for our supply of oil ... Kazakhstan can — and is willing to — help greatly in this endeavor.
SOURCE: Majikthise -
OPEC members, especially in the Middle East Gulf, are worried that higher oil prices could threaten the global economic recovery.
SOURCE: France 24 -
OPEC members, especially in the Middle East Gulf, are worried that higher oil prices could threaten the global economic recovery and further strain relationships with consuming nations ahead of climate change talks in Copenhagen (in December).
SOURCE: Channel News Asia -
For the next meeting in Angola, I think OPEC will be very careful to discuss the market situation ... I don't think there will be a dramatic change in the next meeting.
-
China has mostly absorbed the increase in production from OPEC
SOURCE: AXcess News -
With the current policies in place, OPEC revenue will be about 28 trillion dollars (18.7 trillion euros) between 2008 and 2030 if there is no climate change deal
SOURCE: EcoEarth News -
Saudi Arabia runs the cartel (OPEC) so when they want to keep prices up, they price it so that no one wants it
SOURCE: Huffington Post -
We do think there will be more OPEC oil in the market as OPEC tries to keep oil below $80 a barrel
– Phil Flynn SOURCE: Bloomberg.com -
We believe next year we will do even more. The Arab OPEC fund has approved US$10m; the World Bank has released $20m while the Dutch have released $10m
SOURCE: AllAfrica.com -
Energy demand is still soft, OPEC quotas are being exceeded with impunity evidenced by the fact that crude oil inventories are still relatively high, while geopolitical variables, like Iran and Nigeria, seem to be fading as perennial bullish wild cards
SOURCE: Wall Street Journal
– 
