News Topics: OPEC
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U.S. Oil Boom Scrambles Mideast Calculus
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.
OPEC Keeps Oil Output Ceiling at 30M Barrels a Day
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.
Iraq Minister: Shale to Have Minimal Effect on Oil Demand
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.
Libya to Raise Oil Production to 1.7M Barrels per Day
Thursday, May 30, 2013 Libya plans to raise its oil output from 1.5 million barrels per day to 1.7 million barrels.
Sources: OPEC Axes Oil Production Monitoring Committee
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.
OPEC Divided Over US Oil Boom
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.
Kuwait Grants Oman $2.5B in Development Aid
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.