OPEC

OPEC

A community portal about OPEC with blogs, videos, and photos. According to Wikipedia.org: The Organization of the Petroleum Exporting Countries is an international organization made up of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait... [more]

A community portal about OPEC with blogs, videos, and photos. According to Wikipedia.org: The Organization of the Petroleum Exporting Countries is an international organization made up of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Since 1965 its international headquarters have been in Vienna, Austria. It is considered to be a cartel by many observers .

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TEMPO Interactive , Jakarta :Indonesia will not rejoin the Organization of the Petroleum Exporting Countries (OPEC) in the next five years. The decision to rejoin OPEC, said the Director General of Oil and Gas Evita Herawati Legowo, is influenced by ...  
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Dec. 28 — Several member countries of the Organization of Petroleum Exporting Countries (OPEC) have committed to prioritizing Indonesia as a crude oil receiver, the detikcom online news quoted an official as saying on Monday. "We have talked  
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The Organization of the Petroleum Exporting Countries (OPEC) was having a little trouble controlling oil prices Tuesday, which they traditionally do to ensure industrialized countries don’t buy their oil at low prices then sell back oil products at inflated prices.OPEC agreed to keep its daily oil production at 24.84 million barrels Tuesday, but Saudi Oil Minister Ali al-Naimi said he was worried about participating countries not adhering to...  
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Dec. 22 (Bloomberg) -- The Organization of Petroleum Exporting Countries agreed to keep production targets unchanged for a fourth time this year, as expected. The producer group maintained total output quotas at 24.845 million barrels a day, Saudi ...  
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LONDON (AFP) - Oil prices fell on Tuesday as OPEC decided at a meeting against changing the cartel’s official crude output levels, in a widely-expected move.New York’s main futures contract, light sweet crude for delivery in February, dropped 32 cents to 73.40 dollars a barrel.Brent North Sea crude for February lost 35 cents to 72.64 dollars in afternoon London trading. The Organization of Petroleum Exporting Countries (OPEC) held its crude...  
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LUANDA, Angola — OPEC looks poised to hold output steady, with Saudi Arabia's oil minister declaring prices "excellent ... The comments on the eve of the Organization of the Petroleum Exporting Countries' meeting in Angola's capital reflected a ...  
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NEW YORK (MarketWatch) -- Crude-oil futures edged higher Monday, receiving a lift amid economic optimism ahead of key U.S. data this week, and as investors await Tuesday's Organization of Petroleum Exporting Countries meeting where the group is expected to leave its production quotas unchanged.  
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LUANDA, Angola (Dow Jones)—-Iran and Kuwait's oil ministers aren't attending the Organization of Petroleum Exporting Countries' meeting in Angola Tuesday, OPEC delegates said Sunday. Kuwaiti oil minister Sheikh Ahmad Abdullah Al Sabah and ...  
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Iraq complained it was not getting enough access to oil markets as the world's major oil cartel sets about deciding on production quotas in Angola on Tuesday. Ministers with the Organization of the Petroleum Exporting Countries meet in Angola on ...  
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CARACAS -(Dow Jones)- Venezuela's Oil Minister Rafael Ramirez will skip a meeting of the Organization of Petroleum Exporting Countries in Angola Tuesday, a government official said Monday. The official, who requested anonymity, did not say who will ...  
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Oil ministers from Angola, Algeria, the United Arab Emirates and Libya all said Tuesday the group has decided to hold steady its production quotas. The decision was widely expected as the 12-member Organization of the Petroleum Exporting Countries ...  
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A surge from Iraq's oilfields will occupy OPEC crude producers in coming years as the recovering country's output challenges that of Saudi Arabia, observers said as the cartel held its latest meeting.Iraq has signed several contracts this month with foreign oil companies and said it could raise production to 12 million barrels a day by 2016.  
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CARACAS -(Dow Jones)- Venezuelan Oil Minister Rafael Ramirez said the Organization of Petroleum Exporting Countries should keep its current production levels when it meets Tuesday in Angola. Ramirez told reporters Monday that he will skip the OPEC ...  
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Iraq is actually emerging as a rival to Saudi Arabia. ... I always wondered what part was played in the support for the invasion of Iraq by the oil industry; preventing all that Iraq capacity coming back online. The current price of $73/ barrel is substantially supported by speculation, and it would be highly beneficial for the US economy if that price crashed by half. ...  
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Dec. 22 (Bloomberg) -- Iraq’s plan to boost oil output with the help of foreign companies may upset the Organization of Petroleum Exporting Countries’ efforts to support prices because the nation has no quota to limit its production. Oil ...  
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