OPEC
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Some 80pc of the country's foreign revenue comes from exporting around 2.2 million barrels of oil per day.
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(Reuters)
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...deal for several thousand US troops to stay on as trainers fell apart over the sensitive issue of legal immunity.For many...
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Proponents say Keystone XL would quickly increase U.S. oil supplies from a top trade partner and neighbor, cutting U.S. reliance on crude from OPEC and other overseas suppliers. Obama has not rejected Keystone XL altogether, and TransCanada, the... Full Article at Reuters Mobile
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The official further stated that consumers of Iranian oil in the European Union, which banned those imports, have not contacted Kuwait for extra oil yet. “Kuwait, a member of the Organization of the Petroleum Exporting Countries [OPEC] is currently... Full Article at Press TV
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Iranian Oil Minister Rostam Qassemi, smiles to the media at the start of his press conference in Tehran, Iran, Saturday, Feb. 4, 2012. Iran's oil minister repeated claims that an EU oil embargo will not cripple Iran's economy, claiming Saturday that the... View Photo »
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If Arab neighbours compensate for a looming EU ban on Iranian imports, 'we would not consider these actions to be friendly,' Iran's representative to OPEC, Mohammad Ali Khatibi, was quoted as saying by the Sharq newspaper on Sunday.
SOURCE: American Thinker -
He has failed to act positively even when opportunities have become available as with the Canadian pipeline. Obama’s inaction has been a key contributor to our economy remaining stagnant while pumping many billions of dollars into the coffers of the... Full Article at Ventura County Star
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This is probably just bluster -- I doubt Iran intends to engage the U.S. navy. But blockading the Strait of Hormuz is a different matter. This is where most of the oil produced in Saudi Arabia, Kuwait and other OPEC countries passes through to the rest... Full Article at iStockAnalyst
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Henrique Capriles faces daunting task to unseat Chavez CARACAS, Feb 13 (Reuters) - Venezuela's opposition primary winner Henrique Capriles exuded confidence on Monday that he can unseat President Hugo Chavez and end 13 years of socialism that foes say... Full Article at Reuters
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Iran's Oil Minister Rostam Qasemi speaks during a press conference in Tehran on February 4, 2012. Qasemi said that Iran has asked the members of the oil cartel OPEC not to increase production to compensate for a European Union oil embargo against Tehran. View Photo »
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Yesterday OPEC warned that the eurozone debt crisis could have a negative impact on oil demand in emerging economies, but those fears have receded because of this Chinese data
SOURCE: Business Standard -
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Exporting Counties (OPEC) and the U.S. government's Energy Information Administration (EIA) - have long struggled to accurately predict global oil demand changes. Last week, the IEA cut its 2012 forecast for a sixth consecutive month to growth of less... Full Article at Reuters Mobile
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Capriles' candidacy had a firm start as unexpectedly high participation of nearly 3 million people in the primary vote signalled the opposition can mobilize supporters ahead of the October 7 presidential election. The 39-year-old, center-left state... Full Article at CNBC
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The February Oil Market Report The IEA once again lowered its forecast for global oil demand for 2012 in the face of less optimistic economic conditions. The new number is 89.9 million b/d, down 300,000 b/d from last month’s forecast. Non-OPEC supply... Full Article at Energy Bulletin
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Wikipedia
The Organization of Petroleum Exporting Countries (OPEC) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. The organization has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers... Full Article At Wikipedia.org
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