ARTICLES RELATING TO OPEC

Crimea clouds oil market outlook - IEA

2014-04-11 11:49

The global oil market is returning to a rough balance but Russia's annexation of Crimea has clouded the outlook, the International Energy Agency says.

Opec sees stronger oil demand growth

2014-02-12 15:52

Opec says that world oil demand will rise slightly more than expected in 2014, becoming the second major forecaster this week to predict higher fuel use.

Opec nudges up oil demand forecasts

2014-01-16 15:21

Oil cartel Opec has slightly nudged up its world oil demand growth forecasts for 2013 and 2014, citing positive developments in Europe and North America.

Opec ticks up 2013 oil demand forecast

2013-11-12 18:15

The Opec oil cartel has increased its forecast for oil demand growth in 2013 on expectations of better-than-expected improvement in developed country economies.

Asian growth changing global energy landscape

2013-10-15 14:18

From oil to nuclear power, via gas, coal and renewables, Asia's economic growth is increasingly steering the forward path of the global energy industry.

Opec nudges up oil demand forecasts

2013-09-10 16:33

Opec has lifted its world oil demand forecasts for 2013 and 2014, citing improved economic sentiment in developed countries, including the US and Europe.

Why Syria matters to oil markets

2013-08-27 18:15

Oil prices have surged to a six-month high as Western powers readied a military strike against Syria, amid concerns over stability in the Middle East.

Chaotic Libya struggles with oil output

2013-06-12 21:48

Libya is struggling to keep its oil output stable - let alone increase it - as protests cut crude exports in the sector that supplies 95% of state revenue.

Opec keeps oil demand forecast steady

2013-06-11 19:21

Opec is keeping its world oil demand forecast for 2013 virtually unchanged, but tipped downward revisions given the deteriorating economic climate.

Opec set to hold oil output

2013-05-31 19:56

Opec ministers say they expect to keep oil output levels unchanged despite concern about demand in view of the weak economic outlook.

African Opec oil setbacks prop up prices

2013-05-30 13:52

Social unrest and investment hurdles are making African producers in Opec its weakest supply link, helping to prop up oil prices to the benefit of other states.

Iran unhappy with current oil prices

2013-05-13 10:34

Iran is not pleased with current oil prices, says its oil minister, hinting at a proposal for Opec to lower its output to compensate for a drop in crude prices.

Capriles vows to end 'giveaways' to Cuba

2013-03-19 10:00

Venezuelan opposition presidential candidate Henrique Capriles has vowed to end the nation's shipments of oil to Cuba, slamming acting President Nicolas Maduro as a puppet of Havana.

Chavez calls for regional unity

2013-01-28 19:47

Hugo Chavez, Venezuela's cancer-stricken president, has made his presence felt at a regional summit with a flowery letter from his sickbed in Cuba.

Bombers kill more than 35 across Iraq

2013-01-16 22:30

More than 35 people have died in a suicide attack and other bombings in northern Iraq and Baghdad, worsening sectarian strife as Prime Minister Nuri al-Maliki faces mounting pressure.

Iraq shuts Jordan border crossing

2013-01-09 19:00

Iraq has closed a border crossing with Jordan after Sunni Muslim demonstrators blocked a highway to Syria and Jordan.

Oil rises ahead of key Opec meeting

2012-06-14 09:02

Oil edged higher in Asian trade amid speculation that Opec will not significantly alter its output levels at a crucial meeting later in the day.

$100 a barrel 'a fair price for oil'

2012-05-08 08:27

Kuwait's Oil Minister says that $100 a barrel is a "fair" price for oil justified by market forces, but that geopolitical events were pushing the price higher.

Iran warns of closing strategic oil route

2011-12-28 18:01

Iran's navy chief has warned that his country can easily close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows.

Oil down ahead of Opec meeting

2011-12-14 10:18

Oil was lower in Asia, dampened by worries that the eurozone debt crisis has showed no signs of easing, while investors await the outcome of an Opec meeting.

Oil slips ahead of US stockpile report

2011-10-13 08:06

Oil prices are down in Asia as nervous traders withdrew from the market ahead of a weekly US stockpile report after the IEA and Opec cut their global demand outlooks.

Oil down as eurozone fears weigh

2011-09-14 09:01

Oil prices have eased in Asian trade, with investor sentiment weighed by fears over Greece's deepening debt crisis and a downgrade of global energy demand.

New chief for the IEA

2011-08-16 13:18

The burden of oil on a broken world economy and damaged ties with Opec will be major challenges for new IEA head, Dutch politician Maria van der Hoeven.

 

US demand prompts higher Opec forecast

2014-03-12 14:18

The Opec oil cartel raised its world oil demand forecast for 2014 on the back of an increase in US consumption and a "gradual" global economic upswing.

Iran halts nuke activity after IAEA nod

2014-01-20 14:28

Iran has halted its most sensitive nuclear activity under a ground-breaking deal with world powers, a confidential UN atomic agency report shows.

Saudi satisfied with oil prices, stability

2013-12-09 19:50

Opec kingpin Saudi Arabia says it is satisfied with current oil prices, praising the stability in supply and demand in global markets.

US set to become top oil producer

2013-10-15 15:03

The United States will soon become the world's largest oil producer next year overtaking Russia, thanks to its shale oil boom, says an energy watchdog.

Venezuela debates special powers for Maduro

2013-10-09 11:44

Venezuelan President Nicolas Maduro has pressed lawmakers for special powers to fight corruption, in a move his rivals fear will lead to them being persecuted for political purposes.

Important gas finds in Algeria - minister

2013-09-09 20:30

Algeria's state-run energy giant Sonatrach has made very important natural gas discoveries this year, says Energy Minister Youcef Yousfi.

Saudi taps new oil areas

2013-07-02 19:43

Saudi Aramco plans to develop two less productive areas of major oilfields, industry sources say.

Opec keeps pumping as oil demand softens

2013-06-12 15:10

Opec continues to pump more oil despite sluggish economic growth dampening an increase in demand, the International Energy Agency says.

US shale poses challenge to Opec output

2013-06-03 09:45

Opec's halcyon days of high prices and high production may be drawing to a close as soaring US production opens a new era for world oil markets.

Opec in no mood for a fight

2013-05-30 15:43

Opec states are in no mood to fight over how much crude to produce and instead weighed the impact of rising US shale supplies and a looming turf war in Asia.

'Opec' for platinum just a pipe dream

2013-05-16 15:08

SA may be the Saudi Arabia of platinum on steroids but unlike crude, it cannot manipulate the price by turning its "taps" on and off at will.

Venezuela election rivals clash

2013-03-18 19:22

Moments after he registered to run in Venezuela's election, acting President Nicolas Maduro has vowed to go into the toughest slums of Caracas and ask the gangs to lay down their guns.

Blast kills 20 inside Iraqi mosque

2013-01-23 19:47

A suicide bomber has killed at least 20 people inside a Shi'ite mosque in northern Iraq after detonating his explosives in the middle of a crowded funeral ceremony.

Venezuela delays Chavez inauguration

2013-01-09 19:57

Venezuela heads into uncharted waters without ailing President Hugo Chavez amid calls for the Supreme Court to decide if his government's postponing his inauguration is constitutional.

Oil lower on supply glut fears

2012-12-13 07:59

Oil prices fell in Asia after Opec warned of an oversupply as uncertainty surrounds the outlook for the global economy, analysts say.

Demand collapse threatens oil sector

2012-06-13 13:13

Slower growth in developed countries is threatening to provoke a collapse in global oil demand, Venezuela's Energy Minister Rafael Ramirez says.

Current oil prices 'very suitable' - Kuwait

2012-01-11 10:49

The oil minister of Opec member Kuwait says current oil prices are "very suitable", while stressing that world markets still need more supplies.

Record oil price looms amid Iran quarrel

2012-01-03 07:50

Iran's threat to block oil transport in the Strait of Hormuz could see oil prices soar if conflict over Tehran's nuclear programme escalates.

Oil higher after Opec output decision

2011-12-15 08:56

Oil prices bounced in Asia following an overnight slump caused by Opec's decision to raise output without setting new quota rules, analysts say.

Libya ramps up oil output

2011-11-13 14:03

Libya has boosted its oil crude production to 600 000 barrels per day and is expected to add another 200 000 bpd before the end of the year, National Oil Corporation says.

Opec: Oil market comfortable

2011-10-11 11:28

Opec secretary general Abdullah al-Badri says the global oil market is balanced and it is too early to say if the group will need to change its policy.

Oil climbs on weaker dollar

2011-09-13 07:57

Oil prices have risen in Asian trade boosted by a weaker dollar, but further gains were capped by Opec forecasts of lower global energy demand.

Mideast markets tumble after US credit downgrade

2011-08-07 20:17

Stocks have tumbled across the Middle East as most regional markets reopened following the historic downgrade of the United States' credit rating.

 
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