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OPEC & Crude Oil News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC & Crude Oil News

  • Oil price falls after US growth disappoints 25 Nov 2009 00:42 GMT
    ... Oil price falls after US growth disappoints By Joshua Schneyer New York - Oil prices fell ... at $76.46. Data may show that US crude oil and fuel stocks rose last week, as ... a report from MasterCard SpendingPulse on Tuesday. Opec, the exporters' group that pumps one in ...

  • Peak oil, prices, and supplies - Nov 24 24 Nov 2009 20:48 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... including Iraq assessed around 28.9 million bpd, crude oil inventories could fall by almost 150 million ...

  • Response to George Will: "There is still no alternative to oil" 24 Nov 2009 19:35 GMT
    ... Response to George Will: "There is still no alternative to oil" George Will had quite a ... the oil supply situation. As an example, non-OPEC oil production (crude oil + condensate) reached its highest level in ...

  • MARKET WATCH: Natural gas prices rise as crude closes flat 24 Nov 2009 19:31 GMT
    ... MARKET WATCH: Natural gas prices rise as crude closes flat -- Natural gas prices for December ... delivery gained in trading Nov. 23 as crude oil closed “flattish after failing to surpass $80[/bbl] ... appears to be constrained by expectations surrounding OPEC policy, amid signs sent by the producing ...

  • Oil slides as demand worries remain 24 Nov 2009 19:16 GMT
    ... World oil prices shed more than $1 on the back of high crude inventories and lingering concerns about ... year-on-year gain during the fourth quarter, although crude oil prices should continue to trade between $70 ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ...

  • OPEC will maintain oil prices stability - Venezuela 24 Nov 2009 19:16 GMT
    ... ALGIERS, Nov 24 (KUNA) -- Venezuelan Minister of Energy and Petroleum Rafael Ramirez called here on ... called here on Tuesday member States of OPEC to make a decision on maintaining the ... had contributed to avoid a deterioration of crude oil prices and led to their stability at ...

  • IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola 24 Nov 2009 16:51 GMT
    ... The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By ... affected Angola's economy. The spot price for crude oil fell from an average of US$97 a ... in the first quarter of 2009, while OPEC cut its oil production quotas in response, ...

  • POLL - World oil demand growth to outpace supply in 2010 24 Nov 2009 13:51 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... including Iraq assessed around 28.9 million bpd, crude oil inventories could fall by almost 150 million ...

  • Oil mixed as demand worries remain 24 Nov 2009 13:36 GMT
    ... Oil prices diverged within a narrow range on lingering concerns about weak energy demand. US crude ... year-on-year gain during the fourth quarter, although crude oil prices should continue to trade between $70 ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ...

  • Oil prices mixed amid demand concerns 24 Nov 2009 13:34 GMT
    ... New York's main contract, light sweet crude for January delivery, rose 28 cents to 77.74 dollars ... year-on-year gain during the fourth quarter, although crude oil prices should continue to trade between 70 ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ...

  • World oil demand growth to outpace supply in 2010: poll 24 Nov 2009 13:00 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... including Iraq assessed around 28.9 million bpd, crude oil inventories could fall by almost 150 million ...

  • World oil demand growth to outpace supply in 2010 24 Nov 2009 12:54 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from Opec members is seen growing by just 800,000 ... including Iraq assessed around 28.9 million bpd, crude oil inventories could fall by almost 150 million ...

  • DHT Maritime, Inc. Reports Third Quarter 2009 Results 24 Nov 2009 12:51 GMT
    ... ST. HELIER, Channel Islands--(BUSINESS WIRE)-- DHT Maritime, Inc. (NYSE: ) today announced results ... deliveries and the effect of cuts in OPEC production. Cancellations and delays of future deliveries ... to remain limited with the persistent high crude oil inventories. The demand for transportation in non-OECD ...

  • Oil rises on Iran Worries, Dollar Weakness 24 Nov 2009 05:33 GMT
    ... in Iran are also helping to push crude oil up." On Sunday, Iran launched warfare exercises ... support oil prices." A member of the Organization of the Petroleum Exporting Countries, Iran is the No. 4 exporter of ... that "concerns over supply disruptions are overdone." OPEC members have spare daily production capacity currently ...

  • Press Release: IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola  24 Nov 2009 01:07 GMT
    ... IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola Press Release No. 09/425 ... affected Angola's economy. The spot price for crude oil fell from an average of US$97 a ... in the first quarter of 2009, while OPEC cut its oil production quotas in response, ...


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