OPEC
Organization of the Petroleum Exporting Countries (OPEC) Secretary General Abdalla Salem El-Badri (C) answers questions during a press conference during the 163rd meeting of the OPEC conference (Organization of the Petroleum Exporting Countries) in Vienna, on May 31, 2013. OPEC ministers said they expected to hold oil output levels unchanged despite concern about global demand as they started a crucial meeting in Vienna on Friday.
Connections
Quotes
OPEC's ability to keep prices at today's levels could come under tremendous pressure ... There is no guarantee that the triple-digit oil prices of the last few years will be the new normal in the decade to come.
Oil prices dropped in the first part of the week, dragged down by strong oil production from both OPEC and non-OPEC sources
The OPEC Fund for International Development should help low-risk specialized financial institutes affiliated to the member-states of the Islamic Development BankMore quotes »
Newsday's coverage
-
OPEC likely to keep status quo on output
once the symbol of oil dominance, faces new challenges as its members gather for a ministerial meeting this week on how much crude to pump.For the 12 oil ministers from countries ranging from Venezuela to Nigeria and Iran , the formal focus of today's get-together Read more »
Around the web
-
Oman needs to consider fiscal reforms as priority
as a matter of priority," the central bank said in its annual report, published on its website (www.cbo.gov.om). The small non-OPEC oil exporter has raised its planned budget spending for 2013 by nearly 29 percent compared to last year's plan, to 12.9 billion from Asian Legal Business Read more »
-
U.S. oil boom helps thwart OPEC
a year. This isn't to suggest OPEC is irrelevant -- the cartel still controls the vast majority of world oil reserves. But "OPEC's ability to keep prices at today's levels could come under tremendous pressure," said Clayton. "There is no guarantee that the 5:30 AM from CNN/Money Read more »
-
Panchayat members demand reopening of super-specialty hospital
on Tuesday unanimously passed a resolution to demand the immediate reopening of the Rajiv Gandhi Super-specialty Hospital (OPEC Hospital), which has remained shut for the last year. The ZP also passed two more resolutions. The first resolution demanded that 12:19 AM from The Hindu Read more »
-
Kimberly-Clark moves to provide Venezuela with more toilet paper
Nicolas Maduro’s government, which began in April. More Related to this Story The shortages have become symbolic of the South American OPEC nation’s increasingly tangled economic problems, particularly a shortage of dollars for importers. The government blames from Globe and Mail Read more »
-
Rumors of OPEC's Demise Exaggerated
mixed picture is starting to emerge from the Middle East in terms of oil production. Several members of the 12-member OPEC oil cartel are embroiled in turmoil or struggling to ensure post-war political gains. Oil production from the Middle East declined by from OilPrice.com Read more »
