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Qatar OPEC News

'Opec needs 500000 bpd cut' - Peninsula On-line

2014-10-22
'Opec needs 500000 bpd cut'Peninsula On-line“I would like Opec to cut production of at least half a million (bpd) as all studies indicate the need for that even before the fall in prices,” Samir Kamal, Libya's Opec governor and head of planning at the Libyan oil ministry, said. “The oversupply ...and more »

OPEC needs oil cut of at least 500000 bpd - Peninsula On-line

2014-10-22
OPEC needs oil cut of at least 500000 bpdPeninsula On-lineLONDON: OPEC should cut its oil output by at least 500,000 barrels per day (bpd), a Libyan oil official said, to tackle oversupply and support prices that have slid to a four-year low. The 12-member Organization of the Petroleum Exporting Countries ...

OPEC unlikely to hold emergency meeting on oil drop - Peninsula On-line

2014-10-14
Wall Street DailyOPEC unlikely to hold emergency meeting on oil dropPeninsula On-lineLONDON: OPEC is unlikely to call an emergency meeting as proposed by Venezuela, two OPEC sources said on Tuesday, a sign the exporter group is in no rush to discuss a collective response to the sharp drop in oil prices. Venezuela last week became the ...Will Oil Prices Drag Down the Economy?Wall Street DailyThe Breakeven Oil Price Matters, But Doesn't Determine A Floor PriceForbesOPEC daily basket price closes over $3 lowerBusiness StandardPR Newswire (press release) -Energy Voiceall 2,097 news articles »

Saudi tells Opec it raised output in September - Peninsula On-line

2014-10-10
LivemintSaudi tells Opec it raised output in SeptemberPeninsula On-lineOpec meets on November 27 in Vienna for what will be one of its most important meetings in years. The group has not cut output collectively since the 2008 financial crisis and so far comments from officials suggest it is no closer to any collective ...Is OPEC heading for a sinkhole?Reuters UK (blog)Doug Kass: A Dissolution of OPEC Could Be a Golden SwanTheStreet.comSaudi Arabia Cuts Oil Prices, Could Spark Price WarThe New AmericanTimes of Omanall 1,158 news articles »

Weekly Commodity Update : Gold shines again as Opec faces oil glut - Peninsula On-line

2014-10-12
Weekly Commodity Update : Gold shines again as Opec faces oil glutPeninsula On-lineGlobal growth fears remain one of the key drivers of financial markets at the moment, and this was also highlighted at the latest Federal Reserve meeting in which the Federal Open Market Committee raised concerns about weak economic growth in the ...and more »

Opec oil output hits highest since 2012 - Peninsula On-line

2014-09-30
Wall Street JournalOpec oil output hits highest since 2012Peninsula On-lineThe lack of any cutbacks underlines the relaxed view of Opec's core Gulf members to oil's slide from $115 in June to below $97 on Tuesday — a level they can tolerate, but which puts budgets in producers such as Iran and non-member Russia under ...OPEC Members' Discord Adds to Slide in Oil PricesWall Street JournalOil heads to bear market as Saudis signal price warYahoo!7 Newsall 900 news articles »

UAE oil minister says premature to decide on OPEC output target - Peninsula On-line

2014-09-23
Gulf TimesUAE oil minister says premature to decide on OPEC output targetPeninsula On-lineABU DHABI: It is premature to decide whether OPEC should lower its oil output target when it meets in late November, United Arab Emirates oil minister Suhail bin Mohammed al-Mazroui said on Tuesday. Last week, OPEC secretary-general Abdullah al-Badri ...OPEC Yet to Decide on Supply Cuts as Crude Prices Extend RetreatBloombergOPEC output target cut not agreed yet: UAEThe Daily Starall 22 news articles »

No Surprise: OPEC Country ETFs Crushed by Oil's Slide - ETF Trends

2014-10-20
No Surprise: OPEC Country ETFs Crushed by Oil's SlideETF TrendsThree OPEC member nations – Nigeria, Qatar and the United Arab Emirates – are represented in the world of exchange traded funds by three U.S.-listed, single-country funds. Not surprisingly, these ETFs have been punished as oil prices have plunged in ...and more »

Iran urges Opec to stop oil slide - Peninsula On-line

2014-09-26
Gulf Business NewsIran urges Opec to stop oil slidePeninsula On-lineDUBAI/LONDON: Iran yesterday urged Opec members to make joint efforts to keep oil prices from falling further, highlighting a split with other members such as Saudi Arabia who face lower budget pressures despite a slide in prices towards $95 a barrel.Iran urges Opec to halt oil price slideFinancial TimesIran Urges OPEC to Offset ProductionFars News Agencyall 47 news articles »

OPEC crudes' price at USD 82 pb - Kuwait News Agency

2014-10-22
IANSOPEC crudes' price at USD 82 pbKuwait News AgencyThe Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, in 1960, by the oil-producing countries; Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The organization, which oversees market conditions and oil prices, now ...OPEC daily basket price closes lowerIANSall 7 news articles »