News Topics: OPEC
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IEA Sees 2015 Oil Demand Growth Much Lower, Supply Hitting Prices
Tuesday, October 14, 2014 Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the IEA says.
In Oil Price War, Saudi's Biggest Rival Is Next Door
Friday, October 10, 2014 Kuwait is challenging Saudi Arabia in an increasingly competitive battle for market share as it sells oil to buyers in Asia at its widest discount for 10 years.
EIA Sees Lower OPEC Output, Weaker Demand Growth In 2015
Tuesday, October 07, 2014 The EIA trims its forecast of world oil demand growth for next year and makes even deeper cuts in its outlook for OPEC production.
Oil Traders Say OPEC May Be Heading For Price War
Thursday, October 02, 2014 Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war.
Iran Urges OPEC To Stop Oil Slide, Gulf Members Relaxed
Friday, September 26, 2014 Iran urges OPEC members to make joint efforts to keep oil prices from falling further.
Lawmaker: Libyan Budget Deficit To Double As Strife Hits Oil Output
Wednesday, September 24, 2014 Libya's budget deficit could more than double to $15 billion this year, as political and civil chaos ravage the OPEC member's oil revenues, a senior lawmaker says.
Officials: UAE In No Rush To Change OPEC Oil Target
Tuesday, September 23, 2014 The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicate.
Russia's Energy Minister To Meet OPEC As Oil Price Falls More
Monday, September 15, 2014 Russian Energy Minister Alexander Novak will meet OPEC officials in Vienna, his spokeswoman says, as oil's price fall piles pressure on Moscow's budget.
Saudi Reports Oil Cutback As OPEC Again Cuts Demand View
Wednesday, September 10, 2014 Saudi Arabia tells OPEC it reduced its oil output in August by 400,000 bpd, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.