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OPEC

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  1. Nigerian crude oil exports above 2 mln bpd
    Reuters Africa logo Reuters Africa 22 hours ago

    The volume was little changed from June when the West African country planned to export 2.04 million bpd and above the year-to-date average of 1.98 million bpd. OPEC member Nigeria is Africa's top oil producer and in recent months it has extended its... Full Article at Reuters Africa

  2. DRUG-FINANCED SALAFI JIHADISM: The Afghan Drug Trade, A Threat to Russia and U.S.-Russian Relations
    Global Research logo Global Research 1 day ago
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    Preface for a North American Audience I delivered the following remarks at an anti-NATO conference held in Moscow on May 15, 2012. Unlike other speakers, my paper urged Russians -- despite the expansionist and aggressive activities in Central Asia of... Full Article at Global Research

  3. Getty Images logo Getty Images 3 weeks ago
    OPEC General Secretary General, Abdullah El-Badri and International Energy Agency (IEA) Executive Director, Maria Van Der Hoeven smile as they attend the 13th International Oil Summit on May 3, 2012 at the Hotel Meridien Etoile in Paris. The...

    OPEC General Secretary General, Abdullah El-Badri and International Energy Agency (IEA) Executive Director, Maria Van Der Hoeven smile as they attend the 13th International Oil Summit on May 3, 2012 at the Hotel Meridien Etoile in Paris. The... View Photo »

  4. OPEC pushing production to the limit in the weakest demand quarter is clearly a recipe for lower prices
    SOURCE: Reuters 3 weeks ago
  5. Florida State was supposed to save ACC, but instead it's killing it
    CBS Sports logo CBS Sports 1 day ago

    When it comes to conference realignment, ACC Commissioner John Swofford is a bad, bad man. He's sneaky, he's ruthless, and he has no conscience. In other words, he's "a consensus builder." Wouldn't stun me if Swofford manages to save the ACC, break... Full Article at CBS Sports

  6. Crude-Oil Decline Seen as Negative for Tankers at Platou Markets
    Bloomberg.com logo Bloomberg.com 1 day ago

    A decline in oil prices is negative for tankers that haul crude because it may encourage OPEC members to cut shipments, Oslo-based investment bank RS Platou Markets AS said in an e-mailed report today. Brent crude oil traded in London has declined 15... Full Article at Bloomberg.com

  7. RPT-Europe awash with quality oil as U.S. imports fall
    Reuters.co.uk logo Reuters.co.uk 1 day ago

    West African crude as the United States, a significant buyer of Nigerian and Algerian grades, is becoming increasingly reliant on new domestic production of sweet crude from its shale reserves in North Dakota and Texas. Those are estimated to have... Full Article at Reuters.co.uk

  8. Getty Images logo Getty Images 3 weeks ago
    OPEC General Secretary General, Abdullah El-Badri listens as International Energy Agency (IEA) Executive Director, Maria Van Der Hoeven answers questions during the 13th International Oil Summit on May 3, 2012 at the Hotel Meridien Etoile in Paris. The...

    OPEC General Secretary General, Abdullah El-Badri listens as International Energy Agency (IEA) Executive Director, Maria Van Der Hoeven answers questions during the 13th International Oil Summit on May 3, 2012 at the Hotel Meridien Etoile in Paris. The... View Photo »

  9. It’s China taking advantage of us ... It’s OPEC laughing at us.
    SOURCE: New York Daily News 3 weeks ago
  10. OPEC fails to reach agreement on oil supply
    YouTube Logo YouTube Videos 11 months ago
  11. Iran to talk nuclear with China
    Stuff.co.nz 1 day ago
    President Ahmadinajad

    Ahmadinejad's visit to China takes on particular significance as China is a veto-wielding permanent member of the UN Security Council and has resisted US demands for sanctions on Iran. Iran, OPEC's second-largest producer, exports most of its 2.2... Full Article at Stuff.co.nz

  12. UPDATE 1-Iran's Ahmadinejad to visit as China slams new sanctions
    Reuters logo Reuters 1 day ago

    Ahmadinejad's visit to China takes on particular significance as China is a veto-wielding permanent member of the U.N. Security Council and has resisted U.S. demands for sanctions on Iran. Iran, OPEC's second-largest producer, exports most of its 2.2... Full Article at Reuters

  13. Venezuela expands China oil-for-loan deal to $8 billion
    Reuters Mobile logo Reuters Mobile 1 day ago

    (Reuters) - Venezuela's Congress voted on Tuesday to double the amount the government can borrow from China under a deal that lets the OPEC nation repay loans with oil, potentially adding to the debt burden taken on under President Hugo Chavez. China... Full Article at Reuters Mobile

Related photos

  1. Nigeria's Minister Diezani Alison-Madueke arrives for the 160th meeting of the Organization of the Petroleum Exporting Countries (OPEC) on December 14, 2011 in Vienna. OPEC began a ministerial meeting here on Wednesday without yet reaching a decision on whether to change oil production...
  2. Quatari Minister of Energy and Industry Mohammed Bin Saleh Al-Sada arrives for the 160th meeting of the Organization of the Petroleum Exporting Countries (OPEC) on December 14, 2011 in Vienna. OPEC began a ministerial meeting here on Wednesday without yet reaching a decision on whether...
  3. Ecuador Minister of Non-Renewable Natural Resources Wilson Pastor-Morris arrives for the 160th meeting of the Organization of the Petroleum Exporting Countries (OPEC) on December 14, 2011 in Vienna. OPEC began a ministerial meeting here on Wednesday without yet reaching a decision on...
  4. Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The...
  5. Iraqi Minister of Oil Abdul-Kareem Luaibi Bahedh arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The Organization of Petroleum Exporting Countries meets Wednesday in Vienna amid a...
  6. General view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011.
  7. A security asks the media to leave the conference room prior to the start of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011.
  8. Iran's Minister of Petroleum and President of the Conference Rostam Ghasemi, left, gestures as he sits next to Secretary General of OPEC Abdalla Salem El Badri of Libya prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters...
  9. Iran's Minister of Petroleum and President of the Conference Rostam Ghasemi listens to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The Organization of...

About this topic

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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Related topics

Connections | Listings
  1. Iran Iran
  2. Saudi Arabia Saudi Arabia
  3. China China
  4. Libya Libya
  5. Iraq Iraq
  6. International Energy Agency International Energy Agency
  7. European Union European Union

Related quotes

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  1. We have always asked that the production ceiling (of OPEC)… be maintained.
    SOURCE: Iran Daily 1 month ago
  2. When natural gas prices got too low, you'd start to see the industry lay down rigs until prices went back up again, and it was very effective. It was sometimes jokingly referred to as the 'Redneck OPEC.'
    SOURCE: NPR 1 month ago
  3. OPEC has exerted all it can to produce a quantity of oil that is balancing demand, but political situations are governing prices
    SOURCE: THISDAY LIVE 1 month ago
  4. One reason the market will remain in balance this summer, Mr. Fyfe said, is that OPEC members have substantially increased production, ‘with one eye on what might happen with the potential loss of Iranian supplies.’
    SOURCE: The Washington Post 1 month ago
  5. There is no free market for oil. It's controlled by a cartel, OPEC ... They own 80 percent to 90 percent of the reserves in the world. They produce about 42 percent.
    SOURCE: CNBC 1 month ago
  6. event risk outside Iran remains high, and positive demand shocks including Japan plus a continuation of chronic non-OPEC weakness outside the Americas are keeping fundamentals, and spare capacity, tight enough to provide support.
    SOURCE: MarketWatch 1 month ago
  7. Yes, the claim that the pipeline will reduce our reliance on OPEC is an outright lie.
    SOURCE: Madison.com 1 month ago
  8. Saudi Arabia earned the largest share of these earnings, $312 billion, representing 30 percent of total OPEC revenues
    SOURCE: Iran Daily 1 month ago
  9. Assuming that world oil markets continue to work as they do today, the Organization of Petroleum Exporting Countries (OPEC) could neutralize any potential price impact of ANWR oil production by reducing its oil exports by an equal amount.
    SOURCE: Redding.com 1 month ago
  10. Iran as at now supplies about 5% of global demand and if there is a shortfall, the OPEC and OECD countries have to step in to supplement
    SOURCE: Ghana Web 1 month ago
  11. Fellow OPEC producers Libya, Iraq and Angola have increased output
    SOURCE: Iran Daily 1 month ago
  12. Non-OPEC members including Canada, the United States and Russia had also boosted supplies.
    SOURCE: Iran Daily 1 month ago
  13. SOURCE:
  14. The Dakota [Objiway] proposal to the OPEC nations is to help us with a refinery
    SOURCE: Globe and Mail 1 month ago
  15. The global inventories in Saudi Arabia and around the world are full ... Other OPEC members, such as Libya, Iraq and Angola, have also taken strides towards increasing output.
    SOURCE: Moneycontrol.com 1 month ago
  16. The U.S. is a small producer without much flexibility in a much bigger and rapidly growing global market. There is no way that we can ramp up any sort of production enough, and fast enough, to materially swing the global market ... And moreover, the cartel, OPEC, has its hand on the tap and can restore ...
    SOURCE: Media Matters for America 1 month ago
  17. I am surprised the OPEC Secretariat took this step as it will highlight uncomfortable truths for some of the member-countries.
    SOURCE: Economic Times 1 month ago
  18. Firm global supply and rising OPEC exports, amid muted refining activity, built OECD crude oil stocks
    SOURCE: Bloomberg.com 1 month ago
  19. The IEA sees non-OPEC supply gradually balancing out the recent supply losses. We are basically back to the situation we saw before Libya erupted.
    SOURCE: Reuters Mobile 1 month ago
  20. The reality today is that the market is well oversupplied. OPEC production has been rising consistently since September and will probably continue rising further
    – Colin Smith SOURCE: Center For American Progress 1 month ago
  21. The economy must be uncoupled from fossil fuel consumption, and be based instead on cleaner energies; this is a challenge for nations like the members of the Organisation of the Petroleum Exporting Countries (OPEC)
    SOURCE: Inter Press Service 1 month ago
  22. OPEC is pumping well in excess of its oil quota, but you do not yet see the impact through a rise of crude inventories in consuming countries.
    SOURCE: Bloomberg.com 1 month ago
  23. These unconventional deposits place Canada as one of the central sources of non-OPEC production growth in the coming decades ... Canada is the largest supplier of crude oil to the US market, contributing approximately 22% of total oil imports.
    SOURCE: Fort McMurray Today 1 month ago
  24. It's hard to argue that OPEC isn't doing its part in keeping world supplies of oil growing, and given traditional soft second quarter demand, inventories should be growing. Second, it was just a matter of time before Iranian supplies would show signs of ebbing as shipping sanctions started to restrict t...
    SOURCE: THISDAY LIVE 1 month ago
  25. OPEC has exerted all it can to produce a quantity of oil that is balancing demand
    SOURCE: Wall Street Journal 1 month ago

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