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OPEC

Home›Category: "OPEC" (Page 2)
  • OPEC
    By Loriann Hicks
    October 17, 2021
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    Gas prices continue to rise as the holidays approach

    October 17 – Motorists in Berks County faced harsh weather conditions last summer. However, when it comes to the price of a gallon of gasoline, they’re ...
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  • OPEC
    By Loriann Hicks
    October 15, 2021
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    OPEC organizes its first technical workshop with Energy Cos | Rigzone

    The OPEC Secretariat announced that it had organized its first technical workshop with energy companies by video conference. OPEC said its workshop is the organization’s latest ...
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  • OPEC
    By Loriann Hicks
    October 14, 2021
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    OPEC participates in Russian Energy Week 2021

    OPEC Secretary General HE Mohammad Sanusi Barkindo participated in two key panel discussions during the 2021 edition of Russian Energy Week (REW) in Moscow. The Secretary-General ...
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  • OPEC
    By Loriann Hicks
    October 13, 2021
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    OPEC cuts demand forecast for 2021 but says soaring gas prices could help

    A 3D printed oil pump cylinder is seen in front of an OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado Ruvic ...
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  • OPEC
    By Loriann Hicks
    October 12, 2021
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    Is stagflation a serious market risk?

    Stagflation: This ghoul from the era of the shag mat and disco balls. This is something that has not been seriously discussed in business circles since ...
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  • OPEC
    By Loriann Hicks
    October 11, 2021
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    New Orleans gasoline prices rise 6 cents per gallon following OPEC production decision, and it may just be the start

    NEW ORLEANS (WVUE) – The average price of a gallon of gasoline in New Orleans has risen 6 cents over the past week, an increase that ...
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  • OPEC
    By Loriann Hicks
    October 8, 2021
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    Andy Puzder tears up WH’s tale of peak gas: “How does using OPEC instead of the US prevent emissions?”

    The Biden administration is executing an erroneous and costly energy policy against a backdrop of widespread inflation, and its explanation for a reduction in U.S. energy ...
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  • OPEC
    By Loriann Hicks
    October 8, 2021
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    Gas prices are at their highest for 7 years, and there isn’t much Biden can do about it

    Gasoline at $ 3 also poses serious political problems for US President Joe Biden, although the blame of Republicans is largely misplaced. Voters don’t like high ...
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  • OPEC
    By Loriann Hicks
    October 7, 2021
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    Nigeria: OPEC conditions increase in Nigeria’s oil production quotas

    Abuja – The Organization of the Petroleum Exporting Countries (OPEC) maintained yesterday that no country, including Nigeria, which has underperformed on meeting its monthly oil quota ...
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  • OPEC
    By Loriann Hicks
    October 6, 2021
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    OPEC: Oil will reign as the world’s leading energy source for decades to come | Florida Star

    As many governments around the world push for a “net, zero carbon” economy by mid-century, oil-exporting countries predict that oil, natural gas and other fossil fuels ...
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  • OPEC
    By Loriann Hicks
    October 6, 2021
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    Energy in 2050: OPEC’s pink oil forecasts contrast sharply with TotalEnergies’ alarming scenario of “disruption”

    Breadcrumb Links Petroleum gas PF energy In TotalEnergies’ “disruption” scenario, demand for oil in 2050 is expected to decline to around 35 million bpd. OPEC believes ...
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  • OPEC
    By Loriann Hicks
    October 5, 2021
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    OPEC, ECS and OPEC Fund to Hold 3rd Annual Legal Workshop on National Climate Laws

    Vienna, Austria, October 5, 2021 – The OPEC Secretariat will jointly organize with the Energy Charter Secretariat (ECS) and the OPEC Fund for International Development the ...
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  • OPEC
    By Loriann Hicks
    October 4, 2021
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    Oil prices are at a seven-year high as OPEC and its allies stick to a modest increase.

    Oil prices hit their highest levels since 2014, as officials from OPEC, Russia and other oil producers decided on Monday to stick to their previous agreement ...
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  • OPEC
    By Loriann Hicks
    October 4, 2021
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    FTSE 100 Live October 4: Evergrande and OPEC to test market resolution, Morrisons auction

    D Developments from the Evergrande crisis in China and a meeting of OPEC oil ministers are at the center of investor concerns after inflation-induced volatility last ...
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  • OPEC
    By Loriann Hicks
    October 3, 2021
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    OPEC meets on rising production as oil prices recover

    The logo of the Organization of the Petroleum Exporting Countries (OPEC) can be found in front of its headquarters ahead of the OPEC and NON-OPEC meeting ...
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  • OPEC
    By Loriann Hicks
    October 2, 2021
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    Investors demand guidance from OPEC meeting and RBI monetary policy

    Indian stock markets have lost nearly 2.1% over the past week due to weakness in global indices. The entire week remained very eventful and feelings were ...
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  • OPEC
    By Loriann Hicks
    October 1, 2021
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    Global energy crisis, American burnout and OPEC number 1 call | Women’s News

    It’s been a huge week for energy – and a painful week for the countries that are paying the price for it. Global benchmark Brent crude ...
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  • OPEC
    By Loriann Hicks
    September 30, 2021
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    OPEC + considers options to bring more oil to market – sources

    The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS ...
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  • OPEC
    By Loriann Hicks
    September 30, 2021
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    OPEC September oil production increases thanks to Nigerian rebound, OPEC + boosts

    A 3D printed oil pump cylinder can be seen in front of the OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado ...
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  • OPEC
    By Loriann Hicks
    September 30, 2021
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    More than three quarters live in extreme poverty

    – About three-quarters of Venezuelans now live in extreme poverty as the hyperinflationary economic collapse in the once-prosperous OPEC country continued for a seventh consecutive year, ...
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  • OPEC
    By Loriann Hicks
    September 29, 2021
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    Nigeria’s oil reserves plummeted by 543 million barrels – OPEC

    Posted September 30, 2021 The Organization of the Petroleum Exporting Countries 2021 Annual Statistical Bulletin released on Wednesday reported a 543 million barrels drop in Nigeria’s ...
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  • OPEC
    By Loriann Hicks
    September 29, 2021
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    Five key points of OPEC’s oil outlook for 2045

    Oil pumping platforms are located next to a table grape vineyard seen on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images The ...
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  • OPEC
    By Loriann Hicks
    September 28, 2021
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    OPEC predicts rebound in oil demand ahead of post-2035 plateau

    A 3D printed oil pump cylinder can be seen in front of the displayed stock chart and the Opec logo in this illustrative image, April 14, ...
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  • OPEC
    By Loriann Hicks
    September 28, 2021
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    APPEC Lack of investment, more demand to lead to oil price volatility – industry executives

    Crude oil storage tanks are seen in an aerial photograph at the Cushing Oil Hub in Cushing, Oklahoma, USA, April 21, 2020. REUTERS / Drone Base ...
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  • OPEC
    By Loriann Hicks
    September 27, 2021
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    Gas prices in Idaho drop this week

    BOISE, Idaho (KMVT / KSVT) – Idaho pilots have seen relief at the pump this week, but the sentiment could be short-lived. According to AAA, the ...
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  • OPEC
    By Loriann Hicks
    September 26, 2021
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    Why do opponents of “hydraulic fracturing” ignore its moral advantages?

    US President Joe Biden (right) waits to talk about wildfires and climate change as California … [+] Governor Gavin Newsom speaks at Sacramento Mather Airport on ...
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  • OPEC
    By Loriann Hicks
    September 26, 2021
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    Fuel prices remain stable despite rising oil prices

    By Chen Cheng-hui / Journalist CPC Corp, Taiwan (CPC,) said yesterday that its gasoline and diesel prices would remain unchanged from last week, a move echoed ...
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  • OPEC
    By Loriann Hicks
    September 26, 2021
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    Oil and Natural Gas Jobs Rise Along with Oil Demand Forecast in 2022 | Business

    Employment in the energy and tech sector is trending upward despite a pandemic-era low in February. Since February – when employment in the sector reached 597,067 ...
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  • OPEC
    By Loriann Hicks
    September 25, 2021
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    OPEC Fund loan to MCB to promote international trade in Mauritius and sub-Saharan Africa

    The OPEC Fund participates in the Mauritius Commercial Bank (MCB) syndicated term credit facility of US $ 1 billion for an amount of US $ 42.5 ...
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  • OPEC
    By Loriann Hicks
    September 24, 2021
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    Opec + cuts have impacted oil and gas production: OVL

    NEW DELHI: ONGC Videsh Ltd (OVL) ‘s (OVL) oil and gas production from overseas assets fell in double digits in the previous year following production cuts ...
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  • OPEC
    By Loriann Hicks
    September 24, 2021
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    Oil looks set to test 3-year high as supplies tighten

    Oil rig pumps operate at the Inglewood Oilfield in Culver City, Calif. On Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images Oil prices ...
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  • OPEC
    By Loriann Hicks
    September 23, 2021
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    OPEC + strives to keep oil at $ 70: Iraqi oil minister

    OPEC + is working to keep prices around $ 70 a barrel, Reuters reported, citing Iraqi Oil Minister Ihsan Abdul Jabbar Ismail. The official said the ...
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  • OPEC
    By Loriann Hicks
    September 23, 2021
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    Sovereign Fujairah receives Nigerian Petroleum Minister and OPEC Secretary General

    Fujairah (WAM) Sheikh Hamad bin Mohammed Al Sharqi, member of the Supreme Council and Sovereign of Fujairah, underlined the key role played by OPEC in reaching ...
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  • OPEC
    By Loriann Hicks
    September 22, 2021
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    OPEC Secretary General visits Emirate of Fujairah and meets with its ruler

    Fujairah, United Arab Emirates, September 22, 2021 – OPEC Secretary General HE Mohammad Sanusi Barkindo visited the Emirate of Fujairah as part of his mission to ...
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  • OPEC
    By Loriann Hicks
    September 21, 2021
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    Soaring gas prices are a “transition bonus” to renewable energies, according to OPEC chief

    DUBAI, United Arab Emirates – Soaring gas prices are the cost of trying to switch to renewable energy sources, OPEC Secretary General Mohammed Barkindo told CNBC ...
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  • OPEC
    By Loriann Hicks
    September 21, 2021
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    LatAm, US shares in India’s oil imports increase; Middle East, Africa down

    By Nidhi Verma NEW DELHI (Reuters) – India’s crude oil imports hit a four-month high in August, recovering from the nearly one-year low in July, with ...
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  • OPEC
    By Loriann Hicks
    September 20, 2021
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    Will South America’s latest oil boom trigger a military clash?

    Since the controversial decision of 1899 fixing the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming that the 61,000 square miles west ...
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  • OPEC
    By Loriann Hicks
    September 20, 2021
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    OPEC Secretary General highlights Venezuelan leadership within organization

    Caracas.-Mr. Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) was interviewed by TeleSur, and once again highlighted the exceptional role Venezuela ...
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  • OPEC
    By Loriann Hicks
    September 19, 2021
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    OPEC Secretary General visits Venezuela | Rigzone

    OPEC announced that its Secretary General, Mohammad Sanusi Barkindo, had visited the Bolivarian Republic of Venezuela at the invitation of his government to celebrate OPEC’s 61st ...
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  • OPEC
    By Loriann Hicks
    September 17, 2021
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    OPEC basket price up to USD 74.17 bp

    (MENAFN – Kuwait News Agency (KUNA)) VIENNA, Sept 17 (KUNA) – The price of the OPEC basket rose 39 cents to 74.17 per barrel (bp) on ...
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  • OPEC
    By Loriann Hicks
    September 16, 2021
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    OPEC Fund approves $ 284 million for global development operations

    The OPEC Fund for International Development (the OPEC Fund) approved more than US $ 284 million for sustainable development operations around the world at the 177th ...
    Read More
  • OPEC
    By Loriann Hicks
    September 16, 2021
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    Venezuela to propose to OPEC the consolidation of a global policy in favor of producing countries

    Caracas – Mr. Tareck El Aisammi, Vice-President of the Economic Sector and Minister of the People of Petroleum, representing Venezuela, today proposed the consolidation of a ...
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  • OPEC
    By Loriann Hicks
    September 16, 2021
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    OPEC Secretary General visits Venezuela and meets with President Maduro

    Caracas, Venezuela, September 16, 2021 – OPEC Secretary General HE Mohammad Sanusi Barkindo visited the Bolivarian Republic of Venezuela at the gracious invitation of his government ...
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  • OPEC
    By Loriann Hicks
    September 15, 2021
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    US Oil Inventory and OPEC send oil prices on Wild Ride – Free Press of Jacksonville

    (www.zengernews.com) – Oil prices edged up on Wednesday, with a federal inventory levels report showing lower and a market focus on OPEC news, analysts told Zenger. ...
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  • OPEC
    By Loriann Hicks
    September 14, 2021
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    OPEC estimates emissions peak and then decrease, but too little, too late

    According to the IPCC Working Group I report, Climate Change 2021: the Physical Science Basis, which was endorsed by 195 IPCC member governments and released last ...
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  • OPEC
    By Loriann Hicks
    September 14, 2021
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    Algeria, Saudi Arabia discuss OPEC, regional and international issues

    Saudi Foreign Minister Faisal bin Farhan Al-Saud arrives to attend the G20 Foreign and Development Ministers’ meeting in Matera, Italy on June 29, 2021. REUTERS / ...
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  • OPEC
    By Loriann Hicks
    September 10, 2021
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    OPEC to revise downward its “optimistic” outlook for oil-sources demand

    A 3D printed oil pump cylinder can be seen in front of the OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado ...
    Read More
  • OPEC
    By Loriann Hicks
    September 8, 2021
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    Alaska Journal | Oil price forecasts clouded by COVID-19 uncertainty

    Oil price forecasters mainly focus on two things: supply and demand. They watch the Middle East, follow world politics, follow industrial activity and other economic indicators. ...
    Read More
  • OPEC
    By Loriann Hicks
    September 3, 2021
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    OPEC increases production in August even as some members are left behind

    OPEC boosted crude production last month as it continued to resume supplies interrupted during the pandemic, but some members struggled to keep up.The Organization of the ...
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  • OPEC
    By Loriann Hicks
    September 1, 2021
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    OPEC is retreating; UMass gift; Nasdaq record

    The OPEC oil producer cartel and Russia-led non-allied nations on Wednesday approved the gradual increase in production as the global economy and fuel demand continue to ...
    Read More
  • OPEC
    By Loriann Hicks
    August 28, 2021
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    Congo prepares to assume rotating OPEC presidency

    Congo will take over the rotating presidency of the Organization of Petroleum Exporting Countries (OPEC) in 2022, succeeding its Angolan neighbors. The secretary general of the ...
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  • OPEC
    By Loriann Hicks
    August 25, 2021
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    OPEC Secretary General sees 2021 as a year before and after, as Congo takes over presidency

    HE Mohammed Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), yesterday addressed the future of OPEC at a press conference during ...
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  • OPEC
    By Loriann Hicks
    August 23, 2021
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    Global oil demand to peak by 2025, UN tracked: Platts Analytics

    Strong points Demand for crude oil and condensate to decline to 50 million barrels per day by 2050 OPEC’s oil market share would rise to 60% ...
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  • OPEC
    By Loriann Hicks
    August 22, 2021
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    Iranian July oil production increases 28% year on year (OPEC)

    Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28% increase from the same month in 2020, according to OPEC’s ...
    Read More
  • OPEC
    By Loriann Hicks
    August 22, 2021
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    IEA assesses Azerbaijan’s compliance with OPEC +

    August 22, 2021 12:15 p.m. (UTC + 04:00) 129 By trend Azerbaijan’s oil supply (excluding condensate) stood at 0.61 million barrels per day in July 2021, ...
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  • OPEC
    By Loriann Hicks
    August 22, 2021
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    Start By Buying Products Made In The United States | News, Sports, Jobs

    Our high school soccer practices have been great except last Wednesday. The coach had to remind the boys what it means to be a TEAM. In ...
    Read More
  • OPEC
    By Loriann Hicks
    August 11, 2021
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    Oil drops after White House says OPEC should increase production

    The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | ...
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  • OPEC
    By Loriann Hicks
    August 9, 2021
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    Oil companies announce price cuts as of August 10

    AFTER weeks of rising oil prices, oil companies announced Monday that they would cut prices at the pump this week. Gasoline prices will drop by 0.65 ...
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  • OPEC
    By Loriann Hicks
    August 6, 2021
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    Commodity markets in suspense with the delta epidemic

    The tone in global commodity markets in the coming days will largely be set by China’s battle to bring its fast-spreading delta coronavrius epidemic under control, ...
    Read More
  • OPEC
    By Loriann Hicks
    August 4, 2021
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    EOG stock seems to have assessed its strong fundamentals

    UKRAINE – 2021/06/15: In this photo, an EOG Resources, Inc. logo displayed on a … [+] smartphone. (Photo illustration by Igor Golovniov / SOPA Images / ...
    Read More
  • OPEC
    By Loriann Hicks
    August 3, 2021
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    Biden administration energy policy: let OPEC pump the oil

    President Joe Biden answers questions from reporters after speaking about the timing of coronavirus vaccinations at Home in Washington, DC, July 29, 2021. (Evelyn Hockstein / ...
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  • OPEC
    By Loriann Hicks
    July 22, 2021
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    Gasoline becomes cheaper thanks to OPEC decision to increase oil production

    Australian gasoline is expected to become cheaper after a decision to increase global fuel production. The NRMA said oil prices could drop as much as four ...
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  • OPEC
    By Loriann Hicks
    July 22, 2021
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    Iraqi production stable in June as OPEC eases quota policy

    June production averaged 4.05 million barrels per day. Iraq will have additional leeway to increase production under a landmark deal recently reached by the OPEC-plus group. ...
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  • OPEC
    By Loriann Hicks
    July 20, 2021
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    Will OPEC’s deal lower gasoline and diesel prices? | Latest India News

    As of July 20, 2021, gasoline and diesel prices have not risen for four consecutive days. This is the longest period without a price increase since ...
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  • OPEC
    By Loriann Hicks
    July 19, 2021
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    US oil drops as OPEC plans to increase production

    Randy Giveans, SVP of Maritime Shipping Equity Research, Jefferies, joins Yahoo Finance to analyze the outlook for the energy market and gas prices. Video transcript ALEXIS ...
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  • OPEC
    By Loriann Hicks
    July 19, 2021
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    MONITORING REFINERY MARGINS: USGC and USWC strengthen refinery margins ahead of OPEC + pact

    Strong points Light-heavy crude spreads set to widen Crude price initially down following the OPEC + agreement Increased OPEC + production to delay demand According to ...
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  • OPEC
    By Loriann Hicks
    July 19, 2021
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    FirstFT: ‘Freedom Day’ in England eclipsed as Covid cases rise

    Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa or Americas edition to receive it directly to ...
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  • OPEC
    By Loriann Hicks
    July 18, 2021
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    OPEC + meets to agree increase in oil supply as prices rise

    OPEC + seeks to ease reductions of 2 million barrels per day It is not known if a new offer will be added in August or ...
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  • OPEC
    By Loriann Hicks
    July 17, 2021
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    OPEC sees Sunday’s oil production talk as an ebb from UAE

    Through Javier Blas, Salma El Wardany and Grant Smith at 7/17/2021 (Bloomberg) – OPEC and its allies plan to hold a meeting on Sunday, delegates said, ...
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  • OPEC
    By Loriann Hicks
    July 15, 2021
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    Stock markets today: inflation concerns in UK and US, Merkel meets Biden and OPEC

    Hello. Inflation worries on both sides of the Atlantic, Merkel’s likely last visit to the White House as Chancellor and the progress of OPEC +. Here’s ...
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  • OPEC
    By Loriann Hicks
    July 14, 2021
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    Don’t worry, OPEC’s latest feud will soon be played out in everyone’s best interests

    Opec’s latest disagreement is similar to several previous ones – except to take it out of context for certain purposes. Image Credit: AP It has been ...
    Read More
  • OPEC
    By Loriann Hicks
    July 12, 2021
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    Most admired OPEC member country Nigeria – Barkindo

    The Organization of the Petroleum Exporting Countries has described Nigeria as the most admired member country in the world oil market. The Secretary-General of the Organization, ...
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  • OPEC
    By Loriann Hicks
    July 11, 2021
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    Why Biden wants to take a page from Trump’s OPEC playbook

    No president wants oil prices to skyrocket. But timing is particularly problematic, as consumer spending can worsen inflation concerns and hurt Americans in their wallets, just ...
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  • OPEC
    By Loriann Hicks
    July 10, 2021
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    Shale ‘mother-frackers’ now look like OPEC

    July 10, 2021 AN HOUR AFTER dawn Scott Sheffield is at the window of his 2,300-acre (930-hectare) Forked Lightning ranch in New Mexico, contemplating a day ...
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  • OPEC
    By Loriann Hicks
    July 8, 2021
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    Oil is down. It is not about OPEC this time.

    Text size A pump jack in Eddy County, NM Paul Ratje / AFP via Getty Images Oil prices fell again at the start of Thursday’s session. ...
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  • OPEC
    By Loriann Hicks
    July 7, 2021
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    Calls to halt dangerous oil and gas investments -OPEP

    The Organization of the Petroleum Exporting Countries on Tuesday spoke out against calls to stop investment in the oil and gas industry, calling them dangerous. OPEC ...
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  • OPEC
    By Loriann Hicks
    July 5, 2021
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    In OPEC deadlock, UAE emerges from Saudi shadows

    OPEC failed in its third attempt to resolve an oil production standoff after divisions between Saudi Arabia and the United Arab Emirates spilled over into the ...
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  • OPEC
    By Loriann Hicks
    July 3, 2021
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    OPEC fund lends $ 25 million to Honduras for SMEs

    RIYAD: A rapid response by the Saudi government to the coronavirus pandemic, the active participation of women in the labor market and the economic reforms of ...
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  • OPEC
    By Loriann Hicks
    July 2, 2021
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    OPEC-Plus deadlocked over agreement to relaunch oil production

    OPEC and a Russian-led producer group have failed to agree on how to meet growing demand from the industrialized world, as the club of rich nations ...
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  • OPEC
    By Loriann Hicks
    July 2, 2021
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    Oil production policy decision in center of attention as prices rise

    The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters. Omar Marques | LightRocket | Getty Images LONDON – OPEC and non-OPEC ...
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  • OPEC
    By Loriann Hicks
    July 1, 2021
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    Saudis, Russia tentatively agree on gradual increase in OPEC oil production

    Through Salma El Wardany, Grant Smith, Javier Blas and Dina Khrennikova at 7/1/2021 (Bloomberg) – Saudi Arabia and Russia have reached a tentative deal to gradually ...
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  • OPEC
    By Loriann Hicks
    June 30, 2021
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    Oil producers review production levels as demand returns

    Oil prices hover around $ 75 a barrel, which means gasoline prices are also on the rise in the United States, just in time for the ...
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  • OPEC
    By Loriann Hicks
    June 28, 2021
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    Oil / Ope: new offer expected to cap prices below $ 100

    Looking to the next century has particular implications for energy traders. Like the bubbles of a champagne flute, oil prices go up. Traders estimate when it ...
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  • OPEC
    By Loriann Hicks
    June 27, 2021
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    Chart of the week – WTI crude oil (cash) bullish trend intact as OPEC looms

    VSHeart of the Week – WTI Crude Oil (Cash) WTI crude oil (cash) bullish trend intact as OPEC looms Short term technical analysis click to enlarge ...
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  • OPEC
    By Loriann Hicks
    June 26, 2021
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    A LOOK BACK | Mystery surrounds pending federal nomination for Durham | New

    Forty years ago this week: Much to the chagrin of journalists and political gadflies, Representative Steve Durham, R-Colorado Springs, remained completely opaque about the nature of ...
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  • OPEC
    By Loriann Hicks
    June 25, 2021
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    Weekly outlook: Associated British Foods Q3 update; OPEC meeting; Non-farm payroll in the United States

    Monday June 28 -Petrofac half-year results tuesday 29 june -Lamprell annual results -Results 1st semester Hunting -National UK House Price Survey – UK money supply growth ...
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  • OPEC
    By Loriann Hicks
    June 24, 2021
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    High fuel prices: Pradhan asks OPEC to phase out oil production …

    (MENAFN – IANS) New Delhi, June 24 (IANS) Expressing concerns about rising oil prices and its possible impact on consumers, Union Minister of Petroleum and Natural ...
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  • OPEC
    By Loriann Hicks
    June 23, 2021
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    Middle East share of India’s oil imports hits 25-month low

    NEW DELHI (Reuters) – The share of Middle Eastern crude in India’s oil imports fell to its lowest level in 25 months in May, oil tanker ...
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  • OPEC
    By Loriann Hicks
    June 22, 2021
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    President-elect Raisi receives more kudos

    TEHRAN – Congratulatory messages continue to pour in on Ebrahim Raisi’s victory in the June 18 presidential election in Iran. On Monday and Tuesday, congratulatory messages ...
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  • OPEC
    By Loriann Hicks
    June 21, 2021
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    Why America’s Shale Won’t Derail the Oil Rally

    For the first time in nearly a decade, OPEC has good reason to believe that its control over the global oil supply will not be ruined ...
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  • OPEC
    By Loriann Hicks
    June 21, 2021
    0
    0

    India considers non-opep options to bring oil prices under control

    Unreasonable production restrictions imposed by the cartel of oil producers, the Organization of the Petroleum Exporting Countries (OPEC), forced India to negotiate long-term alternative supplies outside ...
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  • OPEC
    By Loriann Hicks
    June 20, 2021
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    The big oil companies’ new problem is not lack of demand, it’s lack of supply

    The oil market is rapidly moving from a period of oversupply at the height of the pandemic to a period of potential scarcity. Producers who have ...
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  • OPEC
    By Loriann Hicks
    June 19, 2021
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    Oil rises on OPEC outlook as US production growth will slow; Brent crude nears $ 74 a barrel

    Brent crude futures contracts rose 43 cents, or 0.6%, to $ 73.51 per barrel. U.S. West Texas Intermediate (WTI) crude rose 60 cents, or 0.8% to ...
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  • OPEC
    By Loriann Hicks
    June 19, 2021
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    IEA: Need at least 5 million barrels per day of supply over the next year to meet expected increase in demand – Energy News India

    Amid the complex carnage of raw materials, crude managed to limit losses to just over 1%. It remained stable below the $ 71 / bbl mark. ...
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  • OPEC
    By Loriann Hicks
    June 18, 2021
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    IEA: Need at least 5 million barrels per day of supply over the next year to meet expected increase in demand

    (Representative image) | Photo credit: Getty Images Highlights Barret says demand is not very far from pre-pandemic levels and we should reach 2019 crude demand levels ...
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  • OPEC
    By Loriann Hicks
    June 17, 2021
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    MEPs ratify framework agreement between Belarus and OPEC Fund

    MINSK, June 17 (BelTA) – MPs adopted the bill “on the ratification of the framework agreement between Belarus and the OPEC Fund for International Development” at ...
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  • OPEC
    By Loriann Hicks
    June 16, 2021
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    Climate policies could return power and profits to OPEC

    As US President Joe Biden preaches a net zero emissions target for 2050 to slow global warming, and activist shareholders force Exxon Mobil Corp. in embracing ...
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  • OPEC
    By Loriann Hicks
    June 15, 2021
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    The OPEC + alliance played a key role in the recovery of the oil market

    The OPEC + alliance has taken decisive action to help reduce volatility in the oil market, OPEC Secretary General Mohammad Barkindo said on Tuesday at the ...
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  • OPEC
    By Loriann Hicks
    June 14, 2021
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    Posthaste: overheating oil – and even OPEC’s reserve capacity might not be enough to cool the markets

    Hello! The traditional cycle of oil boom and bust appears to have entered the boom phase, with oil prices climbing this morning to their highest level ...
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  • OPEC
    By Loriann Hicks
    June 14, 2021
    0
    0

    Microsoft Canada and Computers for Success Canada Launch Initiative to Bring Refurbished Hardware to Under-Served Communities

    Microsoft Canada recently announced the CEO Pledge, a joint effort with Computers for Success Canada (CFSC-OPEC), to help bridge the digital skills gap by delivering devices ...
    Read More
  • OPEC
    By Loriann Hicks
    June 13, 2021
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    Oil will trade between $ 68 and $ 75 in second half of 2021 amid rising demand, Iraqi oil minister says

    Oil is expected to trade between $ 68 and $ 75 a barrel in the second half of this year, Iraqi Oil Minister Ihsan Abdul Jabbar ...
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  • OPEC
    By Loriann Hicks
    June 12, 2021
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    OPEC sees strong recovery in oil demand: Paul Hickin, S&P

    Over the next couple of months we would like to see oil prices at $ 70 a barrel as support and oil prices could rise during ...
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  • OPEC
    By Loriann Hicks
    June 11, 2021
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    Petchems crude oil demand to slow in 2022 as non-OPEC production surges – IEA

    LONDON (ICIS) – Global crude oil demand for petrochemicals will remain strong in 2021, but will slow significantly in 2022, the International Energy Agency (IEA) said ...
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  • OPEC
    By Loriann Hicks
    June 10, 2021
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    OPEC predicts further growth in oil demand in the second half of 2021

    Through Grant smith at 6/10/2021 Click to enlarge LONDON (Bloomberg) – OPEC has predicted that the recovery in global oil demand will intensify in the second ...
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  • OPEC
    By Loriann Hicks
    June 10, 2021
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    0

    Accelerating Oil Demand Will Reduce Global Congestion, OPEC Says

    The rebound in global oil demand is expected to accelerate in the second half of 2021 as the world continues to burn off the supply glut ...
    Read More
  • OPEC
    By Loriann Hicks
    June 10, 2021
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    0

    Canadian oil industry bullish as prices rebound

    Canada’s oil and gas industry is increasingly optimistic about its near-term future as economies recover and oil prices recover. Yet the industry faces growing challenges in ...
    Read More
  • OPEC
    By Loriann Hicks
    June 9, 2021
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    Oil price rally in Oman gathers momentum to exceed $ 71 a barrel

    Muscat: The rise in Oman’s oil prices continued on Wednesday on the Dubai Mercantile Exchange (DME) to reach $ 71.38. This includes an increase of $ ...
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  • OPEC
    By Loriann Hicks
    June 8, 2021
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    0

    Will Iraq’s $ 40 billion nuclear power bet solve its energy crisis?

    Iraq is developing a $ 40 billion plan to build nuclear reactors as OPEC’s second-largest producer seeks to end continual blackouts amid power shortages, said Kamal ...
    Read More
  • OPEC
    By Loriann Hicks
    June 8, 2021
    0
    0

    Emirates news agency – OPEC Fund grants $ 10 million loan to Bank of Maldives to help revive tourism businesses

    VIENNA, June 8, 2021 (WAM) – The OPEC Fund for International Development (OFID) has announced the signing of a US $ 10 million loan agreement with ...
    Read More
  • OPEC
    By Loriann Hicks
    June 7, 2021
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    0

    OPEC chief, amid optimistic oil outlook, predicts further decline in stocks in coming months

    OPEC Secretary General Mohammad Barkindo delivers a speech in Vienna, Austria, November 5, 2019. Leonhard Foeger / Reuters OPEC and its allies expect oil stocks to ...
    Read More
  • OPEC
    By Loriann Hicks
    June 6, 2021
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    0

    Metals hit by taper talks as Opec gives oil a boost

    Commodities traded mixed in the first week of June, with buying fatigue showing in both precious and industrial metals, while grains and especially the energy sector ...
    Read More
  • OPEC
    By Loriann Hicks
    June 4, 2021
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    0

    Energy Chamber Attends First High Level Meeting of OPEC-Africa Energy Dialogue

    On June 2, 2021, OPEC, in collaboration with the African Energy Commission (AFREC), the African Organization of Petroleum Producers (APPO), the African Association of Refiners and ...
    Read More
  • OPEC
    By Loriann Hicks
    June 3, 2021
    0
    0

    “We’ll see $ 200 oil”: Russia, OPEC ministers blow up IEA’s Net Zero plan

    After, in recent months, crude oil prices have clearly recovered from their COVID-19 collapse on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed the ...
    Read More
  • OPEC
    By Loriann Hicks
    June 3, 2021
    0
    0

    OPEC leaders mock IEA 2050 net zero roadmap

    Through Dina Khrennikova and Olga Tanas at 3/6/2021 MOSCOW (Bloomberg) – The world’s largest petro-states have rejected calls for a rapid abandonment of oil and gas, ...
    Read More
  • OPEC
    By Loriann Hicks
    June 3, 2021
    0
    0

    The Energy Chamber joins the 1st high-level meeting of the OPEC-Africa dialogue on energy

    June 2, 2021, OPEC, in collaboration with the African Energy Commission (“AFREC“), the African Petroleum Producers Organization (“APPO“), the Association of African Refiners and Distributors (“ARDA“), ...
    Read More
  • OPEC
    By Loriann Hicks
    June 3, 2021
    0
    0

    As demand for oil picks up, OPEC discipline will be tested

    “THE ASKS the image showed clear signs of improvement. So said Abdulaziz bin Salman, Saudi Arabia’s energy minister, at a virtual meeting of the Organization of ...
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  • OPEC
    By Loriann Hicks
    June 2, 2021
    0
    0

    Full speech: speech by HE Dr Diamantino Pedro Azevedo at the 17th Ministerial Meeting of OPEC and non-OPEC countries

    Excellencies, distinguished delegates, Welcome to 17 OPEC and no-OPEC Ministerial meeting. Let me begin by thanking His Royal Highness Prince Abdul Aziz Bin Salman, Minister of ...
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  • OPEC
    By Loriann Hicks
    June 1, 2021
    0
    0

    OPEC increases production, but that may not lower gas prices

    GRAND RAPID, Mich. (WOOD) – OPEC on Tuesday confirmed plans to return more than 2 million barrels of crude per day of oil production over the ...
    Read More
  • OPEC
    By Loriann Hicks
    June 1, 2021
    0
    0

    Brent hits $ 70, OPEC meeting, strong Eurozone PMI data – What moves the markets

    By Peter Nurse Investing.com – Brent exceeds $ 70 a barrel before the last OPEC meeting, stocks continue to push higher, the pound is showing more ...
    Read More
  • OPEC
    By Loriann Hicks
    May 31, 2021
    0
    0

    UK gasoline prices set to rise for seventh consecutive month | Gasoline prices

    UK gasoline prices are expected to rise for a seventh consecutive month after hitting a two-year high over the weekend. The price of unleaded exceeded the ...
    Read More
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