News Topics: OPEC

Tuesday, June 04, 2013 Government projections show that in September, for the first time in almost two decades, the U.S. will produce more oil than it imports.

Friday, May 31, 2013 OPEC's decision to retain its production ceiling of 30 million barrels a day comes as no surprise to the oil markets.

Thursday, May 30, 2013 Rising US shale oil production will have only a minimal effect on demand for crude oil from OPEC members, says Iraqi oil minister.

Thursday, May 30, 2013 Libya plans to raise its oil output from 1.5 million barrels per day to 1.7 million barrels.

Wednesday, May 29, 2013 OPEC has decided to axe a key committee that monitored its members' compliance with oil production targets and made recommendations on output policy, people familiar with the matter say.

Monday, May 27, 2013 The Organization of the Petroleum Exporting Countries may be heading for a new internal clash - this time over how it responds to the growing challenge from US shale oil.

Monday, May 27, 2013 Kuwait will finance development projects in Oman worth $2.5 billion as part of pledges made two years ago by members of the Gulf Cooperation Council, the non-OPEC sultanate announced Monday.