opec members

`Iran’s oil production to fall 500,000 barrels per day’


April 11th, 2012 - 2:37 pm ICT by IANS
Houston, April 11 (IANS) Iran's crude oil production is expected to fall by about 500,000 barrels per day by the end of this year due to a lack of investment ... Read more...

Posted in Business |

Venezuela surpasses Saudi Arabia in oil reserves


July 20th, 2011 - 12:07 pm ICT by IANS
Vienna, July 20 (IANS/EFE) Venezuela is now the country with the most proven crude oil reserves on the planet, 296.5 billion barrels, according to the Annual Statistical Bulletin of the ... Read more...

Posted in Business |

OPEC members to continue oil production cut


July 19th, 2009 - 12:03 am ICT by IANS
Luanda, July 18 (Xinhua) Organisation of the Petroleum Exporting Countries chairman Botelho de Vasconcelos said here at the weekend that OPEC member countries will continue to comply with their decision on oil ... Read more...

Posted in Business |

OPEC cut 65 percent of production so far


February 13th, 2009 - 9:12 pm ICT by IANS
Vienna, Feb 13 (DPA) Members of the Organisation of Petroleum Exporting Countries (OPEC) have implemented nearly two-thirds of the production cuts of 4.2 million barrels per day (b/d) they agreed to last ... Read more...

Posted in World |

OPEC oil price jumps by more than $4


January 5th, 2009 - 7:32 pm ICT by IANS
Vienna, Jan 5 (DPA) The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) jumped by more than $4 at the end of last week, the Vienna-based cartel ... Read more...

Posted in Business |

OPEC ministers hint at output cut in Cairo talks


November 29th, 2008 - 10:37 pm ICT by IANS
Cairo, Nov 29 (DPA) Arab oil producing countries belonging to the oil cartel OPEC strongly hinted at a forthcoming production cutback decision by the cartel amid worries about falling oil prices.Saudi Oil ... Read more...

Posted in Uncategorized |

OPEC may cut output again: Venezuela’s energy minister


October 31st, 2008 - 11:43 am ICT by IANS
Caracas, Oct 31 (Xinhua) The Organisation of the Petroleum Exporting Countries (OPEC) will consider a second output cut of one million barrels per day in December, Venezuela's energy and oil minister has ... Read more...

Posted in Uncategorized |

OPEC decides to cut oil output (Lead)


October 24th, 2008 - 8:37 pm ICT by IANS
Vienna, Oct 24 (Xinhua) The Organisation of the Petroleum Exporting Countries (OPEC) Friday decided to cut oil output by 1.5 million barrels a day.OPEC made the decision at an urgent meeting here ... Read more...

Posted in Business |

Oil prices above $120 ‘abnormal’: OPEC


July 29th, 2008 - 7:23 pm ICT by IANS
DPA Jakarta, July 29 (DPA) Crude oil prices above $120 a barrel are "abnormal" but they could fall to around $78 under the right circumstances, the president of the Organization of the Petroleum ... Read more...

Posted in World |

OPEC crude price drops below $128


July 21st, 2008 - 4:25 pm ICT by IANS
DPA Vienna, July 21 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to fall Friday, dipping below $128, OPEC said in a statement Monday. ... Read more...

Posted in Uncategorized |

Kuwait to raise oil output by 300,000 bpd next year


June 24th, 2008 - 7:41 pm ICT by IANS
DPA Kuwait City, June 24 (DPA) Kuwaiti Minister of Oil Mohamed al-Olaim has pledged that Kuwait would raise its oil production by 300,000 barrels per day (bpd) by mid-2009 and invest $55 billion ... Read more...

Posted in World |

Saudis promise to raise output welcomed by some OPEK members


June 18th, 2008 - 9:49 am ICT by ANI
Nicosia, June 18 (ANI): The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) ... Read more...

Posted in National |

New record high for OPEC crudes


April 15th, 2008 - 4:25 pm ICT by admin
DPA Vienna, April 15 (DPA) The price of crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) have peaked above $104 for the first time, the cartel said Tuesday. On Monday, ... Read more...

Posted in World |

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