Saudis, Iran Vie for Key OPEC Research Job
Friday, April 19, 2013 Saudi Arabia and Iran have both put forward candidates to replace the departed head of research at the Organization of the Petroleum Exporting Countries, Middle Eastern oil officials say.
OPEC Flags Risks to Global Supply Growth
Tuesday, February 12, 2013 OPEC warns that expectations of growth in non-OPEC oil supply this year, seen as essential to meeting global oil demand in the long term, face significant stumbling blocks.
OPEC Urges Members Not to Exceed Production of 30 MMbopd
Friday, December 14, 2012 OPEC has encouraged member countries not to exceed the group's production ceiling of 30 million barrels a day, but won't cut output below that level with prices at their current levels, Abdalla Salem el-Badri said.
Kuwait's Acting Oil Minister Unlikely to Attend OPEC Meeting
Monday, December 10, 2012 Kuwait's acting Oil Minister Hani Hussain will not attend the OPEC meeting after he was informed that he is likely to be reappointed as the country's oil minister in the new cabinet, two people familiar with the matter said.
OPEC Seen On Track to Maintain Current Oil Production Ceiling
Monday, December 10, 2012 OPEC appeares to still be on track to maintain its current oil production ceiling, after officials from member countries said conditions in the market support the status quo.
OPEC Chief Says US Won't Stay Self-Reliant on Oil
Tuesday, November 13, 2012 Abdalla Salem el-Badri cautioned crude-producing countries against cutting spending on projects to boost their capacity in response to an IEA report.
OPEC: Shale Gas has 'Large Potential'
Friday, November 09, 2012 The latest OPEC World Oil Outlook report says shale has a large potential worldwide but that replicating U.S. success internationally requires many challenges to be addressed.
OPEC Says Oil Price to Stay High Even as US Cuts Imports
Thursday, November 08, 2012 A boom in domestic energy output in the coming years will significantly cut US reliance on crude from OPEC Countries, but prices will remain elevated because of the high cost of producing these unconventional reserves, according to OPEC forecasts.
OPEC's El-Badri: Not Concerned About Increasing Shale Supply
Thursday, November 08, 2012 OPEC is not particularly concerned about the rise of shale gas production in the U.S., the group's secretary general said.
Rosneft CEO: No Plans to Work With OPEC On Oil Output
Friday, November 02, 2012 Rosneft CEO Igor Sechin says there are no plans for Russia to cooperate with OPEC, even though state-controlled companies will own nearly 50% of the country's output after Rosneft completes its purchase of TNK-BP.
OPEC Report Shows Widening Gap Over Iran's Oil Output Views
Tuesday, September 11, 2012 An oil producers' report revealed a widening gap in views over how much crude oil Iran is producing, with Tehran saying output is up when experts say it is sharply declining.
OPEC Cuts Production, Warns of Risks to Oil Demand Growth
Thursday, August 09, 2012 OPEC warned that a difficult economic environment could significantly dent expectations for oil demand growth next year, as its monthly oil-market report showed the group's output fell in July to its lowest since February.
Gulf OPEC States Oppose Group Emergency Meeting
Monday, July 09, 2012 Gulf OPEC members, including Saudi Arabia, oppose an Iranian call for an emergency meeting of the Organization of the Petroleum Exporting Countries to discuss price.
OPEC/EU Caution against Lowering Hydrocarbon Investments
Thursday, June 28, 2012 OPEC and the European Union cautioned against the risks of lower investments in hydrocarbons exploration and production.
OPEC to Keep Oil-Production Ceiling Unchanged
Thursday, June 14, 2012 OPEC agreed to maintain its existing oil-production agreement, said OPEC delegates, but several members signaled that the group could meet again soon if prices retreat much more.
Al-Naimi: Maybe There Is Need For Higher Oil Output
Monday, June 11, 2012 Saudi Arabian Oil Minister Ali al-Naimi says there might be a need for higher oil production above OPEC's current ceiling, and the kingdom will continue to meet its customers' demand.
OPEC Draws Fine Line Between Oil Balance, Chaos
Friday, June 08, 2012 OPEC members will hold their first meeting of the year next week and, following steep declines in oil prices and ahead of European Union sanctions on Iran, they should have plenty to talk about.
Iran Nominates Ex-Oil Minister Nozari for OPEC Top Position
Wednesday, June 06, 2012 Iran has officially nominated an ex-oil minister as a candidate to helm the Organization of Petroleum Exporting Countries, the country's representative with the group said.
OPEC May Keep Ceiling Unchanged In June
Thursday, May 24, 2012 The Organization of Petroleum Exporting Countries may keep its output ceiling unchanged when it meets in June 14, delegates due at the summit said this week.
Platts: OPEC Production Climbs to 31.71 MMbpd in April
Thursday, May 10, 2012 Crude oil output from the Organization of the Petroleum Exporting Countries climbed 320,000 bpd to 31.71 million bpd in April from 31.39 million bpd in March, according to a Platts survey.