News Topics: OPEC
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FT: Nigeria Will Call Emergency OPEC Meeting If Oil Rout Continues
Monday, February 23, 2015 Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister says in an interview with the Financial Times.
Rosneft's Sechin Slams OPEC, Warns on Possible Oil Shortage
Tuesday, February 10, 2015 The head of Russia's leading oil producer, Igor Sechin, warns lower oil output may leads to a supply shortage as early as the fourth quarter of this year.
Genel's Hayward Warns Over Iraq's Oil Growth Amid Low Prices
Tuesday, February 10, 2015 The head of Iraqi Kurdistan-focused oil producer Genel says Iraq's crude output will grow far slower than many expect as the drop in oil prices reduces investment in the country.
Kemp: Oil Price War Inflicts Collateral Damage in Latin America
Monday, February 09, 2015 Latin America's oil producers have become caught in the crossfire between OPEC and the North American shale drillers.
OPEC Says Oil's Drop Hitting Other Producers Faster Than Thought
Monday, February 09, 2015 OPEC forecasts that demand for its oil this year would be much higher than previously thought, as its strategy of letting prices fall to hurt other producers begins to take effect.
Oil Prices Up More As BP Joins Sector Spending Cuts
Tuesday, February 03, 2015 Oil rises as BP says it will reduce capital spending, adding to cuts in investment in the sector.
OPEC Delegates Cautious Over Oil-Price Rebound
Monday, February 02, 2015 Oil prices may stay depressed until summer due to weak seasonal demand even as Saudi Arabia's strategy of curbing the output growth of rival producers might have started achieving tangible results, OPEC says.
Saudi Oil Minister Naimi To Stay For Now, Policy Steady
Friday, January 23, 2015 Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within OPEC.
Deputy PM: Russia May See Oil Output Fall by 1M BPD at Most
Wednesday, January 21, 2015 Russia may see a natural decline in oil output by around 1 million barrels per day but has no plans to cut production in coordination with OPEC, says the country's deputy prime minister.
OPEC, Oil Companies Clash At Davos Over Price Collapse
Wednesday, January 21, 2015 OPEC defends its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage.
Oman Oil Minister Slams OPEC Policy on Prices, Market Share
Wednesday, January 21, 2015 Oman oil minister Mohammad bin Hamad al-Rumhy sharply criticizes OPEC's production policy, saying it is creating volatility in the market without benefiting oil producers and that his country is suffering.
Iran Sees No OPEC Shift Toward A Cut, Says Oil Industry Could Withstand $25
Monday, January 19, 2015 Iran sees no sign of a shift within OPEC towards action to support oil prices, its oil minister says, adding its oil industry could ride out a further price slump to $25 a barrel.
OPEC Sees 2015 Supply Surplus Rising, Even As Oil Slump Slows Shale Boom
Thursday, January 15, 2015 The collapse in oil prices is starting to slow growth in US output, OPEC says, although the slowdown will not prevent an increasing global surplus in 2015.
UAE Energy Minister: No Change In OPEC Policy Amid Oil Slide
Tuesday, January 13, 2015 The UAE energy minister says there are no plans for OPEC to curb production to shore up falling crude prices, and instead put the onus on shale oil drillers for oversupplying the market.
Gulf Delegates: No Chance Of OPEC Output Cut, Even After Oil Dips Below $50
Thursday, January 08, 2015 Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.
King Says Saudi Arabia to Deal with Weak Oil Challenge with 'Firm Will'
Tuesday, January 06, 2015 King Abdullah says Saudi Arabia will deal with the challenge posed by lower oil prices with a 'firm will'.
High Noon on the Gulf Coast: Canada, Saudi Oil Set for Showdown
Tuesday, January 06, 2015 A brewing battle between Canadian and Saudi Arabian heavy crudes for the Gulf Coast refinery market threatens to drive oil prices even lower.