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News // Middle East and OPEC

Opec oil reserves have increased by 4% in 2009

Opec's proven crude oil reserves rose by 4% in 2009 to 1.06 trillion barrels, according to the group's annual statistical bulletin, led by an increase in Venezuela, Reuters has reported.

07 July 2010 , 12:41AMEinfo.com20010

OPEC's production quota should not change until October

The Organisation of Petroleum Exporting Countries, or Opec, will likely keep its production quota unchanged when it next meets in October, Libya's top oil official said Sunday.

07 June 2010 , 10:28Gulf News20840

OPEC's members doubled their revenue in the 2010 first quarter comparing to last year

According to OPEC’s official report, the cartel earned $187 billion from crude exports in the first three months of 2010, or almost double the figure for the same period last year.

22 April 2010 , 11:00Oil and Gas Information Agency23100

Iran and Kuwait talks about building a new transit gas pipeline between the two countries

Iran and Kuwait are holding talks on the construction of a 570-kilometer pipeline to transfer Iranian gas to the Persian Gulf littoral state.

07 April 2010 , 08:52Trend.az29560

No OPEC members consensus about decisions making if oil barrel price stay above $70-80

OPEC officials on Tuesday appeared undecided on how to respond if oil prices rose definitively above the $70-80 a barrel range they have praised this month, highlighting a looming challenge for the cartel.

31 March 2010 , 09:33Joshua Schneyer, Robert CampbellReuters21140

OPEC will not change its oil output quotas

OPEC members on Tuesday prepared to announce a freeze in the cartel's oil output ceiling here as crude prices jumped to near 82 dollars.

17 March 2010 , 08:49AFP25120

Opec members meeting will discuss about unpredictable oil demand future

They appear quite content with current oil prices, but measuring energy demand and addressing a decline in output-quota compliance rank as two stiff challenges that members of the Organization of the Petroleum Exporting Countries will confront this week.

15 March 2010 , 08:36Myra P. SaefongMarketWatch36940

OPEC 2010 last outlook

The Organization of Petroleum Exporting Countries, in its latest monthly Oil Market Report, expects worldwide oil demand to grow by 900,000 b/d in 2010.

11 March 2010 , 10:59Marilyn RadlerPennEnergy39070

Aramco finances Saudi biggest oil field renewal

State oil giant Saudi Aramco plans to inject carbon dioxide into the world's biggest oilfield by 2012.

16 February 2010 , 13:15Reem ShamseddineReuters23790

The U.S. are not ready to break oil dependence from the OPEC

US dependence on Organisation of Petroleum Exporting Countries (OPEC) for energy is not set to fall in the near future despite focus on renewable energy.

16 February 2010 , 12:43Commodity Online18660

US government and OPEC clash about global demand outlook

The U.S. government and OPEC on Wednesday took divergent views on the changing outlook for global oil demand this year.

11 February 2010 , 08:44Tom Doggett, Joe BrockReuters14900

OPEC to Keep Oil Supply Unchanged: Algeria

OPEC will keep supply unchanged when it meets on Tuesday in Angola, Algeria's Energy Minister Chakib Khelil said on Sunday.

21 December 2009 , 17:33Reuters16610

Rafsanjani calls for Iranian unity on nuclear issue

Powerful cleric Akbar Hashemi Rafsanjani called on Iran's political factions to stand together against foreign pressure on Tehran over its nuclear …

04 December 2009 , 12:01siasat17200

Gulf Opec members adhere to oil curbs

Core Gulf Organisation of Petroleum Exporting Countries (Opec) members are delivering over 90 per cent of the oil supply curbs the organisation agreed last year.

10 August 2009 , 13:43gulfnews13310

Iran inaugurates its first Caspian oil platform

Iran inaugurated its first offshore oil platform in the Caspian Sea on Thursday in its latest push for a bigger territorial stake in the wealth of natural resources beneath the seabed, state television reported.

27 July 2009 , 12:56gulfnews.com36920

Iran stakes claim on seabed oil wealth with offshore rig

Iran inaugurated its first offshore oil platform in the Caspian Sea yesterday in its …

27 July 2009 , 11:39nzherald.co15760

OPEC output rises

The 12 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 28.09 million barrels of

13 May 2009 , 13:09energycurrent.18890

High stock and diving demand give OPEC sleepless nights

Oil inventories are at the highest in nearly two decades and global fuel demand is falling

22 April 2009 , 10:09oilnews.com14730

Brazil is unlikely to join OPEC

Brazil is unlikely to join the Organization of Petroleum Exporting Countries anytime soon, despite overtures from the cartel, the head of the nation's state-run oil company said Thursday.

20 April 2009 , 16:27oilnews.com16600

Iran, Nigeria, Venezuela, Angola Excess OPEC Quota in March

OPEC is expected to produce about 1 million barrels a day above its total quota in March

01 April 2009 , 07:30Ksenia KochnevaDow Jones Newswires21270