Keyword: OPEC

Markets & Companies

A Cheat Sheet on Lower Oil Prices

10.02.2015 - A little background: over the past seven-plus months, the price of a barrel of oil dropped from $107 to less than $50. This took prices to 2009 levels and surprised just about...

Chemistry & Life Sciences

Shale Gas Developments and Its Impact on the GCC

16.01.2014 - Under the Surface of the U.S. Boom - Innumerable articles have been published around the world on the U.S. shale boom. In addition, its immediate consequences for Gulf Cooperation...

News

OPEC Acknowledges Shale Oil Supply May Be Significant

08.11.2012 - OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for...

News

OPEC Output Rises

30.08.2012 - OPEC crude oil output rose in August as Iranian shipments climbed slightly from its lowest in more than two decades and because of higher exports from Angola and Nigeria, a Reuters...

News

OPEC Sees 2013 Oil Demand Growth Slowing

12.07.2012 - World oil demand growth will slow in 2013 from the already weak 2012, OPEC said on Wednesday, citing Europe's debt worries, a faltering U.S economic recovery and deceleration of...

News

OPEC Chief Hints at Action to Reduce Oil Glut

11.06.2012 - OPEC's president signalled on Monday it could act to reduce a glut of oil that has knocked the price down towards double digits, but said it was unlikely to set individual country...

News

OPEC Output Hits New High in May

29.05.2012 - OPEC output in May has hit its highest since 2008 as Saudi Arabia maintained high production rates despite a drop in prices and Iranian shipments did not fall substantially further...

News

Sasol Hedges 30% Of Synthetic Fuel, Crude Output

09.03.2011 - South African petrochemical group Sasol said it had hedged about 30% of its South African synthetic fuels and West African crude oil output against a fall in oil prices. Sasol said...