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LONDON (Reuters) - OPEC output in May has hit its highest since 2008 as Saudi Arabia maintained high production rates despite a drop in prices and Iranian shipments did not fall substantially further ahead of an EU embargo, a Reuters survey found on Tuesday.
May 29, 2012 at 12:24 | Source: msnbc.com
The Organization of Petroleum Exporting Countries will reduce shipments by 1 percent this month as Asian refiners complete seasonal maintenance, according to tanker-tracker Oil Movements. OPEC will export 23.96 million barrels a day in the four ...
May 24, 2012 at 15:36 | Source: Bloomberg
LONDON (MarketWatch) -- The Organization of Petroleum Exporting Countries may keep its output ceiling unchanged when it meets in June 14, delegates due at the summit said this week. The news comes despite a sharp drop in oil prices in recent ...
May 24, 2012 at 13:13 | Source: Marketwatch
LONDON, May 24 (Reuters) - OPEC's reference crude oil basket price dropped further to $104.16 a barrel on Wednesday from $106.16 the previous day, OPEC said on Thursday. here The reference basket comprises 12 crudes: Algeria's Saharan Blend ...
May 24, 2012 at 06:54 | Source: Reuters
Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent website. Accordingly, I’ll be publishing the first (and free) part of these essays here at Gregor.us. Enjoy. — Gregor There’s been a lot of ...
May 26, 2012 at 10:04 | Source: The Business Insider
LONDON — Saudi Arabia and its Gulf Arab allies are likely to try to avoid confrontation with Iran and recommend leaving OPEC’s oil output target unchanged when producer countries gather next month. Delegates to the meeting on June 14 in Vienna say oil ...
May 24, 2012 at 14:24 | Source: montrealgazette.com
OPEC got some great news lately, Chinese growth is cooling to a ‘cow like’ 8.2% rather than the bullish 8.5% analysts had previously expected for 2012. For oil fundamentals that’s pretty important: Brent has dropped to $112/b. Confused?
May 12, 2012 at 23:57 | Source: Forbes
The Organisation of Petroleum Exporting Countries (OPEC)’s weekly average oil prices kept falling to $107.45 per barrel the previous week, reaching its lowest point of this year, the Vienna-based organisation was quoted by English News to have said.
May 28, 2012 at 03:36 | Source: THISDAY Live
Last weekend the leaders of the G8 issued a statement warning darkly of oil market disruptions. Apparently, they misunderstand this market because their statement missed the point by a wide margin. The threat of disruptions is actually diminishing, given ...
May 21, 2012 at 19:00 | Source: Financial Times
Iranian oil production, “the backbone of the Islamic republic’s economy,” fell by 12 percent in the first three months of the year and “is likely to fall even more, industry experts say, as sanctions make it increasingly hard for the ...
May 18, 2012 at 10:14 | Source: New York Times