World news about “OPEC” published by euronews.
Oil crisis for OPEC? Rising production of shale oil in the United States is going to help meet most of the world’s new demand for crude over the next five years, according to the… 14/05/2013
OPEC keeps output target OPEC’s oil ministers have agreed to keep the cartel’s output unchanged at 30 million barrels a day. But experts think the producers may soon have to pump less… 12/12/2012
Oil rises on stimulus hopes and supply problems Brent crude oil was up for a fifth straight session on Thursday – briefly it went above $113 a barrel. The main reason – investor hopes for more stimulus… 09/08/2012
OPEC sees oil demand growth slowing The energy cartel OPEC is predicting that the growth in demand for oil – which is already weak so far this year – will continue to slow next year. It blamed… 11/07/2012
OPEC holds production levels The Organisation of Petroleum Exporting Countries, OPEC has agreed to hold their countries oil output at current levels of 30 million barrels per day at a… 14/06/2012
Demand issues drag down oil prices Crude prices continue to slide as economic slowdowns on both sides of the Atlantic boost fears of lower oil demand. Traders are worried by leadership… 08/05/2012
OPEC reaches oil output deal OPEC oil producers have agreed a new production limit that keep output at about the level it is currently. Iran had wanted to cut production, which would… 14/12/2011
Oil prices to remain around $100 As the World Petroleum Congress ended in Doha, Qatar oil prices were forecast to remain at around $100 a barrel next year. Participants in the Congress say… 08/12/2011
Mixed picture from OPEC The oil producers group has raised its medium and long-term forecasts for oil demand, even as it said there is uncertainty because of Europe’s sovereign debt… 08/11/2011
OPEC cuts oil demand forecast The oil producing group OPEC has cut its global oil demand growth forecast for a fourth straight month. It says that is because of an economic downturn in… 11/10/2011
Record Opec earnings predicted this year Opec’s earnings are set to hit a record above $1,000 billion this year, according to the latest estimates from the US Department of Energy. That is up… 15/06/2011
OPEC fails to agree output boost Opec’s talks have collapsed without an agreement to raise oil output. Saudi Arabia had wanted the cartel to pump another 1.5 million barrels a day to pull… 08/06/2011
OPEC considers pumping more to calm prices OPEC is considering raising its output target by as much as 1.5 million barrels per day to try to pull down sharply higher crude oil prices. The… 02/06/2011
Goldman Sachs raises oil forecast The cost of crude oil has been pushed up by a forecast from analysts at Goldman Sachs on future prices. The Wall Street bank, seen as one of the most… 24/05/2011
OPEC blames speculators for increasing oil price The Secretary General of OPEC has called on governments to rein in speculation on oil. Abdullah Al-Badri claims their activities are adding 15 to 20 dollars… 18/04/2011
OPEC heads for record revenues The International Energy Agency has said it expects OPEC’s oil export revenues to hit one trillion dollars this year, that is 710 billion euros. IEA Chief… 30/03/2011
OPEC set to hold production levelsThe Organisation of Petroleum Exporting Countries, OPEC is set to agree to hold their countries oil output at current levels of 30 million barrels per day at… 14/06/2012
Libya unrest send oil prices soaringOil prices have shot up as clashes in Libya threatened to disrupt supplies of crude. With scores killed in anti-government demonstrations, the leader of… 21/02/2011
OPEC raises oil output and predicts higher demandOPEC said it raised oil output in January to the highest level in two years. In a monthly report, the Organisation of the Petroleum Exporting Countries said… 10/02/2011
$100 oil won’t break world economyKuwait’s Oil Minister says the world economy can withstand an oil price of 100 dollars a barrel. Several oil exporters have indicated OPEC may decide… 27/12/2010
OPEC frets about weak dollarOPEC has decided not to change the amount of crude oil it is pumping even though the weaker dollar is pushing up prices which might have an effect on the… 14/10/2010
Status quo for OPEC outputOPEC oil ministers have agreed to keep the group’s production quotas unchanged at their meeting in Vienna. The decision was no surprise but even so crude… 17/03/2010
OPEC output stays unchangedOPEC members have agreed to leave the amount of oil they pumps unchanged, but some of them expressed concern that certain countries are not complying with… 22/12/2009
OPEC output unchangedOPEC members have agreed to hold their output targets steady. At the group’s meeting in Vienna, its top exporter Saudi Arabia said economic strength… 10/09/2009
OPEC likely to keep output unchangedThat fact that Russia has recently overtaken Saudi Arabia in oil exports for the first time is putting pressure on OPEC not to cut output further as its… 08/09/2009
OPEC output unchangedOPEC ministers meeting in Vienna have decided to leave the group’s oil output unchanged. It will stay at 24.85 million barrels per day as the producers set… 28/05/2009
OPEC says wait & see on more cutsThe Organisation of Petroleum Exporting Countries OPEC meeting in Vienna has decided against further cuts in production. It had been suggested fresh cuts… 15/03/2009
OPEC meet to decide on output cuts.OPEC oil ministers are meeting in Vienna -with a decision to make. Faced with a worldwide fall in demand and an oil glut, they have to decide whether to… 15/03/2009
OPEC decides on output cutsWith demand sliding and stockpiles rising, members of the oil producers cartel OPEC are meeting this weekend to decide whether to pump less. The consensus… 13/03/2009
Gas meeting prompts fears of pricing cartelMoscow is hosting a meeting of gas exporting countries, which some analysts say could lead to the creation of an OPEC-style pricing cartel. Russian Prime… 23/12/2008
OPEC cuts fail to boost oil pricesOil prices remain near their lowest in five years. Traders are trying to balance the effects of declining demand from the global economic slowdown with cuts… 19/12/2008
OPEC makes deepest oil cut everOPEC ministers meeting in Algeria have agreed to slash daily output by 2.2 million barrels a day from the start of the new year. That is OPEC’s biggest… 18/12/2008
OPEC mulling deep output cutsOPEC has promised to make another deep cut in oil supplies at its meeting in Algeria as the worldwide recession has battered demand. There is speculation… 16/12/2008
Oil demand ‘to fall this year and next’The latest forecast from the US government is for a fall in worldwide demand for oil this year and next as economic growth slows. That would be the first time… 10/12/2008
