OPEC may hike oil output to ease prices

• Thursday, 2nd June 2011
• by Egypt Oil & Gas

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

• Thursday, 17th March 2011
• by Egypt Oil & Gas

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

• Wednesday, 9th March 2011
• by Egypt Oil & Gas

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

• Wednesday, 12th January 2011
• by Egypt Oil & Gas

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

• Thursday, 6th March 2008
• by Egypt Oil & Gas

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.