Opec

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October 12, 2010

Abu Dhabi Increases Crude Oil Prices Ahead Of Next Week's OPEC Meeting

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Abu Dhabi is the capital and main oil-resource holder in the UAE, the third-largest OPEC producer, which pumped 2.31 million barrels of crude last month, [...]

October 13, 2010

OPEC Revises Up 2010

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OPEC has slightly upped its forecast for oil demand in 2010 and 2011, but notes that much of the growth hinges on China's economic growth as the world [...]

October 12, 2010

Oil Fluctuates With A Soft Tone As OPEC Signals To Keep Quota Unchanged

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Speculations that the OPEC will leave production quota at the meeting later this week also acted as a reason for profit-taking. Gold slipped for the first [...]

September 14, 2010

Membership Of OPEC Helped Break The Power Of Oil Multinationals : Yabhouni

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2010 (WAM) -- OPEC?s 50th Anniversary provides an excellent opportunity to reflect on the organization's achievements over the last half century and the [...]

October 12, 2010

OIL FUTURES: Crude Falls Ahead Of OPEC Meeting, Inventory Data

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Meanwhile, OPEC on Tuesday revised upward its forecast for global oil demand growth this year, encouraged by stimulus-led economic growth in the first half [...]

September 14, 2010

IEA Maintains Estimates For Worldwide Oil Demand Amid Economic Concerns

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OPEC will need to supply 29.2 million barrels a day in 2011 to balance world supply and demand, up from the 29.1 million barrels a day projected last month. [...]

October 13, 2010

OPEC Not Expected To Change Policy

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OPEC stands by its oil price target of $70 to $80 a barrel and is almost certain to maintain an output policy that has served it well for nearly two years, [...]

October 12, 2010

OPEC Likely To Hold On Output

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For 2010, the cartel upped its forecast for world oil-demand growth by 100000 barrels a day, and its non-OPEC supply forecast by 100000 barrels a day. [...]

October 12, 2010

OPEC Isn't Convinced Current Prices Will Hold

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Most of the group's members have been producing a lot more oil than prescribed under OPEC's production quota system. Yet crude oil prices have still [...]

October 12, 2010

Oil Tops $83 As Focus Shifts To Opec

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Opec is unlikely to change oil output targets when it meets in Vienna on Thursday, delegates told Reuters on Sunday, while Qatar said current oil prices [...]

September 14, 2010

OPEC Says Not Seeking New Members

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OPEC's secretary-general says the oil producing bloc most significant challenges in the coming years are the protection of the environment, shifting market [...]

October 13, 2010

OPEC Ponders Oil Output Amid Uncertain Price Outlook

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VIENNA — OPEC looked set Wednesday to keep oil production levels steady while the outlook for prices appeared uncertain against a backdrop of a fragile [...]

October 13, 2010

Oil Surpasses $82 After China Crude Imports Soar

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Oil ministers arriving in Vienna for OPEC's meeting on Thursday, the first in seven months, signalled the producer group would keep output targets steady. [...]

September 14, 2010

Oil At $77 On OPEC's 50th Birthday

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On the 50th anniversary of the Organization of Petroleum Exporting Countries, prices are right where OPEC has stated publicly is a reasonable price for now [...]

October 13, 2010

Riyadh Gears Up To Host Energy Symposium

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OPEC, which has its secretariat in Vienna, is a permanent intergovernmental organization. In an interview here on Tuesday, van Hulst said that a few other [...]

October 12, 2010

OPEC Sees Sluggish Global Growth

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WASHINGTON — OPEC is seeing evidence of sluggish economic growth reflected in the demand for petroleum, and views weakness likely to persist into 2011, [...]

October 13, 2010

Iran, Iraq In Battle For Oil Supremacy

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VIENNA, Oct. 13 (UPI) -- On-hand reserves are what matters when assessing Iran or Iraq's global oil position, an energy analyst said ahead of an OPEC [...]

October 13, 2010

Oil Surpasses $82 After China Crude Imports Soar

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Oil ministers arriving in Vienna for OPEC's meeting on Thursday, the first in seven months, signalled the producer group would keep output targets steady. [...]

October 13, 2010

Oil Falls To Near $81 Amid Stimulus Doubts

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Also, investors are waiting for the outcome of an OPEC meeting on Thursday. "OPEC quotas should remain unchanged after the OPEC meeting and therefore [...]

October 13, 2010

OPEC AT 50 On CNN International

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50 years ago, five oil-producing nations of the world met in Baghdad for a conference which led to the creation of OPEC. Five decades later, the 12 nation [...]

October 12, 2010

OPEC Raises Oil

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In its monthly oil-market report, the organization upgraded its forecast for world oil-demand growth by 100000 barrels a day, and its non-OPEC supply [...]

October 12, 2010

WRAP: Iran's Oil Reserves Revised Up To 150.31 Billion Barrels

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Iranian oil minister Masoud Mirkazemi Monday announced a 9% increase in the OPEC's state's crude oil reserves to 150.31 billion barrels, putting Iran's [...]

October 12, 2010

OPEC Revises Higher Its Forecast For This Year And Next

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By AP CAIRO (AP) — The oil cartel OPEC slightly revised higher its oil demand growth forecast for this year and next, noting Tuesday that China's [...]

October 12, 2010

:: OPEC Fund For International Development (OFID) :: Home


The OPEC Fund for International Development (the Fund) is an intergovernmental development finance institution established in 1976 by the member states of [...]

September 15, 2010

U.A.E Representatives Worried About Oil Prices Growth | Offshore ...

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OPEC has successfully balanced the oil market at a price level that accommodates world economic growth, the UAE's representative to the bloc says. His. [...]


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