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Tuesday November 24, 2009
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Organization of the Petroleum Exporting Countries News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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  • OPEC to keep production levels unchanged - Kuwait 17 Nov 2009 09:12 GMT
    ... oil minister said on Tuesday he expected OPEC to keep production levels unchanged when it ... cartel would push for better compliance. The Organization of the Petroleum Exporting Countries, which pumps more than a third of ...

  • OPEC head says $80 a barrel 'good price' 16 Nov 2009 09:53 GMT
    ... ABU DHABI—(UPDATE) The president of Organization of the Petroleum Exporting Countries (OPEC) told reporters Monday that $75 to $80 a barrel of oil is a satisfactory ...

  • Too early to talk about output changes: OPEC 16 Nov 2009 07:13 GMT
    ... ABU DHABI - OPEC president Jose Botelho de Vasconcelos told it ... per cent," Botelho de Vasconcelos added. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on December ...

  • WRAPUP 1-OPEC president says too early for output decision 16 Nov 2009 09:44 GMT
    ... ABU DHABI, Nov 16 (Reuters) - OPEC president Jose Botelho de Vasconcelos said on ... meeting, as the market remained oversupplied. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on Dec. ...

  • OPEC to keep production steadyKuwait exec 17 Nov 2009 09:33 GMT
    ... KUWAIT CITY—Kuwait's Oil Minister Sheikh Ahmad Abdullah al-Sabah said on Tuesday the Organization of the Petroleum Exporting Countries (OPEC) will leave its production unchanged at its meeting next month, adding that current oil ...

  • OPEC president says too early for output decision 16 Nov 2009 12:13 GMT
    ... at 14:18 ABU DHABI, Monday (Reuters) - OPEC president Jose Botelho de Vasconcelos said on ... meeting, as the market remained oversupplied. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on December ...

  • 15 people worth watching in Copenhagen (a slideshow!) 20 Nov 2009 03:10 GMT
    ... two steps” approach might prove impossible to finish. Abdalla Salem El-Badri, Secretary General of OPEC (Organization of the Petroleum Exporting Countries)— this fall by saying OPEC nations should be compensated as oil-burning countries reduce their ...

  • World oil demand growth to outpace supply in 2010 24 Nov 2009 12:54 GMT
    ... 85.9 million bpd. At the same time, 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 bpd in total. “The key question for ...

  • World oil demand growth to outpace supply in 2010: poll 24 Nov 2009 12:53 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of is seen growing by ... or above where they were in 2008." Non-OPEC output is seen averaging 51 million bpd ...

  • Oil Scene: Uncertainty haunts the energy world 22 Nov 2009 00:53 GMT
    ... in play, they are almost in dark while projecting their long-term incomes and expenses. OPEC (Organization of the Petroleum Exporting Countries) oil producers could lose $4 trillion in revenue between now and 2030, if a ...

  • The bulls & bears behind oil 19 Nov 2009 00:15 GMT
    ... in the market. Major forecasters, including the Organization of the Petroleum Exporting Countries, the International Energy Agency and the U.S. ... use triggered by financial crisis. Demand for OPEC crude is expected to stay low. Weak ...

  • IEA says sees little OECD oil demand recovery 17 Nov 2009 17:14 GMT
    ... patchy state of global recovery could prompt OPEC to keep output steady at its next ... levels does not make any sense." The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola on Dec. ...

  • Forecast for Crude Oil 17 Nov 2009 23:11 GMT
    ... Led by a global recovery, reduced production, and dollar weakness, oil prices reached above $80/bbl ... The Organization of the Petroleum Exporting Countries’ (OPEC) agreement last year to cut oil production ...

  • Oil rises on Iran Worries, Dollar Weakness 24 Nov 2009 05:33 GMT
    ... 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 ...

  • Oil rises 1% 23 Nov 2009 11:52 GMT
    ... a research note on Friday the upside would also probably be capped by the Organization of the Petroleum Exporting Countries (OPEC), which has indicated that any quick run-up in prices is likely to be met ...


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