Stocks and Finance

OPEC

OPEC 1/30/2012

12:19 : OPEC says EU ban on Iran oil to boost prices - LONDON (Reuters) - The EU's embargo on Iranian oil exports will add upward pressure to oil prices, OPEC's secretary general said on Monday, even though there is no shortage of oil on the market.
Source : reuters-com

OPEC 1/16/2012

09:32 : OPEC Avoids Iran Issue - OPEC warned further deterioration in the European economy could knock the oil market off its balanced trajectory in 2012, but largely ignored tensions between Iran and the West that have boosted oil prices.
Source : wsj-com

OPEC 1/11/2012

11:53 : Bakken Oil Scores First Victory Against OPEC - NEW YORK (TheStreet) -- Score one for U.S. energy independence at a time of escalating tensions between Iran and the West. #xD; #xD; On Tuesday afternoon, North Dakota, home to the booming Bakken oil shale, announced that ...
Source : thestreet-com
09:01 : It's the kind of headline a prognosticator will often come to regret he ... - It's the kind of headline a prognosticator will often come to regret he ever wrote, but Robert Sinn proclaims $70 oil is a "thing of the past." He points to a Der Spiegel graph showing the breakeven prices for several of the OPEC states. They're ...
Source : seekingalpha-com
07:52 : US House leader meets with Saudi oil minister - RIYADH, Saudi Arabia (AP) -- The U.S. Congress' House majority leader has met with Saudi Arabia's oil minister, marking the latest stop by an official from a major oil importing nation to the OPEC kingpin since Iran ...
Source : usnews-com

OPEC 1/10/2012

04:23 : Fundamental Oil Report (2012-01-10) - Crude oil struggles to correct yesterdayâ??s losses as the Iranian issue remain the main factor behind the rise in crude prices, where OPEC will not intervene to stop the conflict between Iran and the west, which raised the fears ...
Source : ibtimes-com

OPEC 1/5/2012

14:32 : OPEC Production Already Tops New Ceiling - Jon Cheigh, portfolio manager of the Cohen & Steers Realty Fund, has bested the S&P 500 for a decade; he finds his investing edge by getting out into the field and focusing on details.
Source : 247wallst-com
00:26 : What Is Keeping OPEC Up At Night? - For OPEC life should be good! Oil prices are trading over $100 a barrel,their production is at a three year high and the money keeps rolling in. Life should be good, should it not be4? Well the truth is, OPEC is ...
Source : fxstreet-com

OPEC 12/24/2011

05:58 : OPEC to accommodate increased Libyan output - CAIRO (AP) -- There is a "gentlemen's agreement" between OPEC members to accommodate increasing output from Libya, the North African country's oil minister said Saturday....
Source : usnews-com

OPEC 12/18/2011

04:23 : The last U.S. soldiers today pulled out of Iraq, ending a war of nearly ... - The last U.S. soldiers today pulled out of Iraq, ending a war of nearly nine years but leaving the OPEC country facing the continued threats of a Sunni Islamist insurgency, rival Shi'ite militias and foreign meddling, and overspill ...
Source : seekingalpha-com

OPEC 12/15/2011

00:16 : OPEC BABY! - OPEC BABY, going on a little pumping spree, you see, been an awful good time. OPEC BABY, so hurry your decision tonight! OPEC Baby, give just a little oil clue, would you, I’ll wait up for you. OPEC Baby, so ...
Source : fxstreet-com

OPEC 12/14/2011

12:59 : OPEC keeps 30m-barrel daily output - OPEC yesterday agreed to keep crude output at a daily 30 million barrels but left it up to its 12 members to voluntarily honor that ceiling without overshooting it. Ahead of yesterday's talks, Iran had sought...
11:41 : OPEC will make room for Libya output : Al-Badri - Dec. 14 - OPEC will make room for rising Libyan output within a newly agreed production cap of 30mln barrels per day, says cartel Secretary General Abdullah Al-Badri.
Source : reuters-com
10:27 : Oil below $97 as OPEC maintains actual output - SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell below $97 a barrel Wednesday after the Organization of the Petroleum Exporting Countries announced that its members will maintain their current, total production level of 30 million barrels per day, ...
Source : marketwatch-com
10:15 : Crude oil futures fall near $97/barrel after Venezuela's oil minister ... - Crude oil futures fall near $97/barrel after Venezuela's oil minister says OPEC members will maintain current production of 30M bpd, including output from Libya. The cartel noted that although world oil demand is forecast to increase ...
Source : seekingalpha-com
05:02 : OPEC ministers meet today, and have been edging toward a decision to keep - OPEC ministers meet today, and have been edging toward a decision to keep output broadly steady. Iran and Saudi Arabia, whose clash on output levels led to the collapse of the June meeting, both indicated they ...
Source : seekingalpha-com

OPEC 12/13/2011

13:13 : Oil: Iran's Hormuz Strait Threats Could Wreak Global Economic Havoc - Crude oil prices surged on Tuesday on reports that Iran was set to begin war games in the Strait of Hormuz to practice closing down the key chokepoint which concentrates 30% of global seaborne oil shipments. Prices retracted ...
Source : forbes-com

OPEC 11/27/2011

16:38 : Iraq signs gas deal with Shell, Mitsubishi - Baghdad — Iraq on Sunday signed a multibillion-dollar deal with Royal Dutch Shell PLC and Japan's Mitsubishi Corp. to tap natural gas in the south, one of the biggest agreements by the OPEC member to develop an energy sector ...
Source : detnews-com

OPEC 11/20/2011

00:42 : Oil Prices Fall as Rebels Storm Tripoli - SINGAPORE -- Brent crude fell to near $105 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon.#xD; In London, Brent crude for October delivery ...
Source : thestreet-com

OPEC 11/16/2011

20:56 : We need to get off OPEC oil now, and we have the resources to do it, says - We need to get off OPEC oil now, and we have the resources to do it, says T. Boone Pickens. Things are going fall apart in the Middle East, and soon. Saudi Arabia is on the brink, and at 9.7M bpd in production, ...
Source : seekingalpha-com

OPEC 11/9/2011

07:47 : OPEC Sees Limited Upward Pressure On Oil Price On Libya, Soft Demand - LONDON -(Dow Jones)- OPEC Wednesday offered reassurance that oil prices are not heading to a new spike as Libyan production and soft demand will rein in markets recently buoyed by geopolitical tensions.
Source : foxbusiness-com

OPEC 11/8/2011

19:36 : Oil price above US$96 per barrel on Iran concerns - OIL prices rose above US$96 per barrel yesterday as tensions escalated over Iran's nuclear program and OPEC boosted its demand forecast. Benchmark crude rose US$1.28 to settle at US$96.80 per barrel on the New...
16:23 : OPEC ups oil demand forecast - OPEC now expects demand for oil to grow even more than it projected just a year ago, as the oil cartel said the recovery from the Great Recession took place faster than it expected.
Source : cnnmoney-com

OPEC 10/27/2011

02:56 : Qatar joins Mexico with oil hedge - Opec member taking out an insurance policy against falling oil prices next year, hedging some of its oil for 2012 as both nations adopt a cautious view about the global economy
Source : ft-com

OPEC 10/14/2011

00:42 : Triple Crown Slowdown - Well the Department of Energy made is official as all three reporting agencies are seeing a slowdown in energy. First OPEC then the International Energy Agency and now the Energy Information Agency arm of our own Department of Energy! Yet ...
Source : fxstreet-com

OPEC 10/11/2011

15:31 : Security Issues Weigh in Libya's Oil Production - Representatives of OPEC and Libya gave different outlooks Tuesday about how long it might take the country to restore its oil production to prewar levels.
Source : iht-com
09:24 : OPEC Sees Lower Oil Demand for 2011 - Crude oil prices rose about 3% yesterday primarily on the news that the France and Germany would do something to shore up their banks. Equities also rose by about the same amount, with the S&P 500 ...
Source : foxbusiness-com

OPEC 10/10/2011

13:32 : OPEC output down 130,000 bbls/day in Sept.: Platts - SAN FRANCISCO (MarketWatch) -- Oil production from members of the Organization of the Petroleum Exporting Countries fell by 130,000 barrels per day to 30 million barrels per day in September, according to a Platts survey of OPEC and oil industry ...
Source : marketwatch-com

OPEC 10/9/2011

06:14 : Saudi Aramco CEO Khalid Al Falih tells the WSJ that Saudi Arabia probably - Saudi Aramco CEO Khalid Al Falih tells the WSJ that Saudi Arabia probably won't carry out plans to raise its oil capacity to 15M barrels a day from 12M, as proposed output increases in Brazil and Iraq should ...
Source : seekingalpha-com

OPEC 10/4/2011

06:47 : Iran To Propose Maintaining OPEC Output - LONDON -- Iran's oil minister will call for unchanged crude oil output by the Organization of Petroleum Exporting Countries at the oil body's next meeting in December.
Source : foxbusiness-com
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