powered by Federated Media

OPEC

Business Highlights | AP Business Headlines | Dallas Business, Texas Business,...

The grocery group, a cooperative which supplies more than 2,000 stores including IGA, Thriftway and Price Chopper in 24 states, contends that the potato growers banded together in 2004 to...

Oil falls below $93 as OPEC confirms output target

"For many months, OPEC has been exceeding its voluntary output total of 30 million barrels a day by at least 400,000 barrels a day, adding to the abundance of global supplies.

OPEC to meet amid Iran-Saudi tensions

Already frayed OPEC unity stands to further suffer as a result of fears among some members of less dependency on its product.

US boom transforming global oil trade

"Pressure on OPEC is going to crank up," says Judith Dwarkin, Chief Economist at ITG Investment Research.It is unclear whether, or how far, prices will fall.

Chavez death brings uncertainty, hope to oil patch

Following Chavez's death Tuesday, Venezuela, which is a member of OPEC and sits on the world's second-largest oil reserves, faces near-term political uncertainty that could bring further turmoil...

Advertisement

Partners

NEW YORK: Oil price highest since January on Syria concerns

However, he said, "the current large amount of unused OPEC productive capacity provides a...

Business Highlights

The grocery group, a cooperative which supplies more than 2,000 stores including IGA, Thriftway...

NEW YORK: Oil joins in stock, commodities sell-off

OPEC's disclosure that its members boosted production by 106,000 barrels a day in May also...

Blogs

More articles about Organization For Petroleum Exporting Countries

Articles About Organization for Petroleum Exporting Countries

Business Highlights

The grocery group, a cooperative which supplies more than 2,000 stores including IGA, Thriftway...

BP report: U.S. shale keeps on roiling global oil market

BP's chief economist, Christof Ruhl, said OPEC, the cartel that has played a dominant role in...

Web

Brent crude falls toward $102 as U.S. oil inventories climb

* OPEC to keep pumping more oil than output target

OPEC sees room for its over-target oil output

OPEC has been pumping above the target and in May.

OPEC sees stronger oil demand growth in second half

OPEC sees stronger oil demand growth in second half