OPEC

Saudi Arabia Names Candidate to Head OPEC

Saudi Arabia has nominated its candidate to succeed the current head of the Organization Petroleum Exporting Countries, Gulf oil sources said Tuesday, potentially reviving a scramble for influence within the producer ...

OPEC Keeps Oil Demand Forecast Steady, Warns on European Economic Crisis

The Organization of Petroleum Exporting Countries kept its forecast for 2012 oil demand unchanged, while warning that Europe's debt crisis could harm global consumption.

PM discusses with Arab oil ministers boosting investment in Egypt

Prime Minister Dr. Kamal El Ganzoury meets on 24/12/2011 with Arab Ministers of Energy and Petroleum participants in the activities of the 85th meeting of the Council of Ministers of the Organization of Arab Petroleu ...

Brent oil down as rebels capture most of Tripoli

Brent crude fell to near $106 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon.

OPEC may hike oil output to ease prices

Major oil cartel OPEC may consider increasing output for the first time in 4 years to ease prices and lessen the drag of high energy costs on global economic growth.

OPEC may meet to assess Japan, Mideast crises

The Organization of Petroleum Exporting Countries may meet to assess the impact of the nuclear crisis in Japan and the ongoing unrest in the Middle East and North Africa on oil supply, said Nigeria's foreign minister.

Opec considering output boost

Opec is in consultations regarding a potential boost in oil output but hasn't decided whether to approve one, said Kuwait's Oil Minister.

Platts: OPEC Pumps 29.27 MMbpd in Dec

The 12-member Organization of the Petroleum Exporting Countries' (OPEC) crude oil production averaged 29.27 million barrels per day (b/d) in December, up 170,000 b/d from an estimated 29.1 million b/d in November, ac ...

Oil hits record above $105 on dollar, OPEC, supply

Oil hit a record high above $105 on Thursday as a weak dollar helped prices to extend the previous day's gains, which were prompted by a drop in U.S. oil inventories and OPEC's decision to keep output unchanged.

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