News // Middle East and OPEC
OPEC talks disintegrate, no deal on supply
 The OPEC bi-annual meeting in Vienna disintegrated this afternoon with members disagreeing strongly on whether to increase production.
10 June 2011 , 15:40arabianoilandgas.com
Emirates Post issues stamp on OPEC’s Anniversary
Emirates Post has issued a special commemorative stamp on the occasion of the 50th anniversary of the Organisation of Petroleum Exporting Countries (OPEC). 15 February 2011 , 15:07khaleejtimes
OPEC to Maintain Production Quotas as Crude Exceeds $90
 Oil’s rally to a more-than-two-year high is unlikely to coax OPEC into raising production quotas at this week’s meeting in Ecuador, as member nations consider the global recovery strong enough to withstand price gains
08 December 2010 , 08:34Bloomberg
`Fair' Price for Crude Is $100, Ramirez Says
 The Organization of Petroleum Exporting Countries is unlikely to change its output quotas when it meets in nine days time and $100 represents a “fair” price for a barrel of oil, Venezuela’s energy minister said
03 December 2010 , 08:22Bloomberg
OPEC to Keep Oil Production Quota Unchanged
OPEC will probably keep its production quota unchanged when it meets on Dec. 11 in Ecuador, ministers from Angola, Venezuela and Libya said
03 December 2010 , 08:08Bloomberg
OPEC Doesn't Need to Increase Production
 Petroleos de Venezuela SA President Rafael Ramirez said that the Organization of Petroleum Exporting Countries doesn’t need to increase output and that oil at $100 per barrel would be a “fair” price
23 November 2010 , 08:40Bloomberg
OPEC to Raise Shipments 1.2%
The Organization of Petroleum Exporting Countries will increase crude loadings by 1.2 percent this month on rising exports to Asia, according to tanker- tracker Oil Movements
18 November 2010 , 22:43Bloomberg
OPEC Reports Growth in 2010 Demand Outlook
 The Organization of Petroleum Exporting Countries has revised its forecast of 2010 global oil demand by 100,000 b/d in its latest monthly Oil Market Report, citing a world economy that continues to grow at a below-average pace
12 October 2010 , 23:51Oil&Gas Journal
Opec oil reserves have increased by 4% in 2009
 Opec's proven crude oil reserves rose by 4% in 2009 to 1.06 trillion barrels, according to the group's annual statistical bulletin, led by an increase in Venezuela, Reuters has reported.
07 July 2010 , 12:41AMEinfo.com
Opec members meeting will discuss about unpredictable oil demand future
 They appear quite content with current oil prices, but measuring energy demand and addressing a decline in output-quota compliance rank as two stiff challenges that members of the Organization of the Petroleum Exporting Countries will confront this week.
15 March 2010 , 08:36Myra P. SaefongMarketWatch
OPEC 2010 last outlook
 The Organization of Petroleum Exporting Countries, in its latest monthly Oil Market Report, expects worldwide oil demand to grow by 900,000 b/d in 2010.
11 March 2010 , 10:59Marilyn RadlerPennEnergy
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Eni has confirmed that Mellitah Oil & Gas, the Joint Venture operating company (NOC 50%, Eni 50%) in Libya, has restarted 2 november gas production from the offshore platform of Sabratha.
Iraq plans to auction 12 exploration blocks, believed to contain mostly gas reserves, in November as part of the country's efforts to capture natural gas for electricity generation, the country's oil minister said Tuesday, according to Aswat Al Iraq.
Iran is preparing to increase the volume of gasoline it produces by 60 million liters a year, deputy Iranian Oil Minister Abdolhosein Bayat said.
The Organisation of Petroleum Exporting Countries, or Opec, will likely keep its production quota unchanged when it next meets in October, Libya's top oil official said Sunday.
According to OPEC’s official report, the cartel earned $187 billion from crude exports in the first three months of 2010, or almost double the figure for the same period last year.
Iran and Kuwait are holding talks on the construction of a 570-kilometer pipeline to transfer Iranian gas to the Persian Gulf littoral state.
OPEC officials on Tuesday appeared undecided on how to respond if oil prices rose definitively above the $70-80 a barrel range they have praised this month, highlighting a looming challenge for the cartel.
OPEC members on Tuesday prepared to announce a freeze in the cartel's oil output ceiling here as crude prices jumped to near 82 dollars.
State oil giant Saudi Aramco plans to inject carbon dioxide into the world's biggest oilfield by 2012.
