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Recent Posts Tagged With 'opec'
OPEC September oil supply expected to fall, petrologictics say
OPEC oil output and supply is expected to drop 800 thousands per day as some of the biggest oil producers like Saudi Arabia, Iran, Iraq and Nigeria are reported to be supplying less of its crude produ...
As OPEC cuts production, Indonesia decides to leave the organization
Following the result of the OPEC's meeting in Vienna Austria,which decided to cut over a half million barrels of oil production per day, one of its members, Indonesia, likewise decided to leave the in...
OPEC to cut production after oil price dips
OPEC has recently announced plans of cutting oil production of more than half a million barrels per day due to the five month drop of oil prices. Oil prices have fallen nearly 30% from a $147 high in ...
Oil price at $100 is right, Iran says
Iran's OPEC governor claimed that an oil price of $100 per barrel is "appropriate" in current conditions, which may put pressure for a cut in oil output in next week OPEC meeting in vienna, Austria.At...
Oil Price Records Historical Biggest Decline
Historically, some analysts said that the latest $9 decline in oil price is said to be the biggest decline for 17 years of oil trading. The decline was due to snailed-pace US economy as it reportedly ...
Iran Ranks 10th in Per Capita Oil Income in OPEC
According to US Energy Information Administration, new data revealed that Iran is among the 13 OPEC members that ranked number ten when it comes to per capita oil income. Behind Saudi Arabia and UAE,...
Oil Settles Above $145, OPEC Expect Lower Demand
Oil price did not climbed higher, yet it remained at above $145 per barrel in the world oil markets. Meanwhile, OPEC is expecting a lower demand of oil in the oil stock market, despite prediction of $...
Oil Price Hike Brings Fears on Food Crisis
The alarming oil price hike has definitely created tension on food crisis, as it recorded a new record nearing to $141 per barrel. If an ordinary citizen cannot anymore afford to bear the current oil...
Oil Is Staying High
International Energy Agency's monthly report said that consumers should not expect relief from the present sky-high oil prices. Will oil price continue to soar? That means the balance of growth has ...
Oil Price Slides Sharply to $127
From above $135 a barrel last May 22, oil prices have sharply slid back to $127 a barrel as OPEC officials still claiming that there is no need to pump more oil in the world oil markets. Will the lowe...
Indonesia Plans To Pull Out OPEC Membership
Indonesian government is reluctantly planning to quit its membership from OPEC. Is it because of the not-so-good oil markets today or is it because OPEC is not anymore doing its part to maintain the o...
$200 A Barrel Is Possible, Oil Producers Say
Oil price is at above $135 per barrel in early trading today, which escalates tensions and fears over supplies. The price becomes double as last year's price. Meanwhile, oil producers predicted that o...