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Rising U.S. energy clout has frustrated efforts by the Organization of the Petroleum Exporting Countries to control global oil prices
OPEC crude back down to $ 44.83 a barrel Organization of Petroleum Exporting Countries “OPEC” basket of 12 c
Because Iran living with NATO is weakening growth in its Organization of the Petroleum Exporting Countries.
The Organization of Arab Petroleum Exporting Countries announced an embargo on oil exports to the United States on October 15, 1973.
For once the Oil Petroleum Exporting Countries are at the receiving end.What will they do when electric/battery operated cars come.
For the first time in eight years, members of the Organisation Of Petroleum Exporting Countries, (OPEC), have...
Org of Petroleum Exporting Countries agree to cut production by 1.2 million barrels a day to 32.5 million; Oil Prices climb (US Networks)
prices: The Organization of the Petroleum Exporting Countries (OPEC) released its World Oil Outlook. The...
The Organization of the Petroleum Exporting Countries agreed to a 1.2 mn b/d cut in output to 32.5 mn: Bloomberg.
The Organization of the Petroleum Exporting Countries has agreed its first oil output cuts since 2008,OPEC source told Reuters on Wednesday.
-Indonesia import oil. -Organization of the Petroleum Exporting Countries (OPEC). Is this logical and rational…
Oil prices are too low for the taste of Opec, the Organization of the Petroleum Exporting Countries. So the oil...
The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to
Destroy Saudi Oil business push the *** into the SEA
Pressure builds on OPEC to set aside differences while Shale-oil could do a quick come back, if oil tops $50 again
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New post: "OPEC PREVIEW: Pressure builds on OPEC to set aside differences"
has written to the Organization of the Petroleum Exporting Countries That Cut Output To 9.5 Mln Bpd –
How the Idea Behind OPEC Started Right Here in Texas: Tomorrow, the Organization of Petroleum Exporting Countries…
Instead of cutbacks, Saudi oil minister Khalid Al-Falih says the Organization of the Petroleum Exporting Countries should...
will not attend the Organization of the Petroleum Exporting Countries (OPEC) meeting on Wednesday
Boutarfa, the architect of the Algiers crude supply agreement in September, is on a shuttle diplomacy mission to...
– will it or won’t it? - The Organization of Petroleum Exporting Countries (OPEC) is currently at the cen...
The Organization of Petroleum EXPORTING Countries (OPEC). How often do they discuss actual exports? "Production" is just a smokescreen
The Organization of the Petroleum Exporting Countries, led by Saudi Arabia, essentially set the global oil price.…
Pressure builds on OPEC to set its aside differences ahead of the cartel's Wednesday meeting
Pressure builds on OPEC to set aside differences: OPEC member countries will…
Pressure builds on OPEC to set aside differences via
Pressure builds on OPEC to set aside differences
New post: "Pressure builds on OPEC to set aside differences"
All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries...
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The Optimism Of Petroleum Exporting Countries. Free read on the latest:
$BP Oil prices steady on Thursday ahead of next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC)
IEA expects oil investment to fall for third year in 2017: Organisation of the Petroleum Exporting Countries meets……
Organization of Petroleum Exporting Countries(1973)- OPEC was a cartel of the world's leading oil producers
Secretary General visits IR Iran (OPEC - Organization of the Petroleum Exporting Countries)
A key U.S. Congressman believes that the actions by the Organization of Petroleum Exporting Countries (OPEC)...
Iran's crude oil price rises to over $47 in a week: Meanwhile, Organization of Petroleum Exporting Countries ...
Earlier this week, the Organization of Petroleum Exporting Countries (OPEC) ... ®
The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo, has...
Delegates from the Organization of the Petroleum Exporting Countries have failed to agree on setting targets for their crude oil production.
The Organisation of the Petroleum Exporting Countries earned £285bn last year a drop of 46 per cent from...
6 sources: Members of the Organization of the Petroleum Exporting Countries (Opec) saw their revenues from oi...
How lost its iron grip on oil prices
OPEC daily basket price stood at $46.25…: The Organization of the Petroleum Exporting Countries (OPEC) said...
The Organization of the Petroleum Exporting Countries (OPEC) in its latest monthly report believes that oil...
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OPEC is a group of countries. Organization of the Petroleum Exporting Countries
Interesting story on OPEC and oil prices.
OPEC’s monthly report: OPEC’s output declines in May . The Organization of the Petroleum Exporting Countries (OPEC)…
How did lose its iron grip on oil prices? Prof. Hossein Askari discusses with
EnergyInDepth: How lost its iron grip on prices via USATODAY
How lost its iron grip on prices via
Self-inflicted wounds: How lost its iron grip on prices via
OPEC can’t afford to cut production in a meaningful way, so we are back to the market and the fundamentals of supply…
How OPEC lost its iron grip on oil prices
OPEC's reputation bruised as Saudi Arabia rejects oil price consensus, putting future of the cartel in doubt
Diezani Alison-Madeuke, the current president of the Organization of the Petroleum Exporting Countries, or OPEC,...
Organisation of petroleum exporting countries
Organization of petroleum exporting countries "Dunno "38. Whats the full meaning of OPEC
Kuwait says no plan for oil summit to boost prices: The Organisation of the Petroleum Exporting Countries (OPE...
Nigeria is a member of the Organization of Petroleum Exporting Countries (OPEC), with petroleum accounting for 95 percent of its export inco
& Are Low Oil Prices Killing the U.S. Shale Boom?: … of the Petroleum Exporting Countries (OPEC) is...
Oil jumped after the death of King Abdullah of Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries.
Sep 14 1960- The Organization of Petroleum Exporting Countries (OPEC) is founded
If there ever was doubt about the strategy of the Organisation of Petroleum Exporting Countries, its wealthiest memb…
Oil Supply Swells Driving Prices Down: Recently, the Organization of Petroleum Exporting Countries decided to ...
The Organization of Petroleum Exporting Countries is net beneficial to modern society
“President Maduro has planned trips to Russia, China and fellow Organization of Petroleum Exporting Countries”
macam biasa la .us nak lawan opec (Organization of the Petroleum Exporting Countries).
Organization for Petroleum exporting Countries controls ore than 40 percent of the world oil market
The reason oil could drop as low as $20 per barrel | Organization of the Petroleum Exporting Countries (cont)
you're hurting feelings. We talked about OPEC in us hist and econ. It's a cartel of petroleum exporting countries.
OPEC ( Organization of the Petroleum Exporting Countries) founded in 1960 has 12 members including; Iraq, Saudi Arabia, UAE, and Iran
OPEC daily basket price stood at $51.91 a barrel Friday, 2 January 2015 (OPEC - Organization of the Petrol
& How to crack the oil price conundrum: … of the Petroleum Exporting Countries (Opec) surplus and d...
The Economist explains Why the oil price is falling Dec 8th 2014, 23:50 BY E.L _ THE oil price has fallen by more than 40% since June, when it was $115 a barrel. It is now below $70. This comes after nearly five years of stability. At a meeting in Vienna on November 27th the Organisation of Petroleum Exporting Countries, which controls nearly 40% of the world market, failed to reach agreement on production curbs, sending the price tumbling. Also hard hit are oil-exporting countries such as Russia (where the rouble has hit record lows), Nigeria, Iran and Venezuela. Why is the price of oil falling? The oil price is partly determined by actual supply and demand, and partly by expectation. Demand for energy is closely related to economic activity. It also spikes in the winter in the northern hemisphere, and during summers in countries which use air conditioning. Supply can be affected by weather (which prevents tankers loading) and by geopolitical upsets. If producers think the price is staying high, they inv ...
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When the US Federal Reserve ended its quantitative-easing programme in October, it also ended the primary driver of US stocks during the past six years. So long as the central bank kept flooding the markets with money, investors had little reason to worry about a broader economy limping along at 2% real growth. Now investors face more volatile markets and securities that no longer move in lock-step. At the same time, investors must cope with slower growth in China, minuscule growth in the euro area and negative growth in Japan. Such widespread sluggish demand — along with ample supplies of oil and most everything else — is the reason commodity prices are falling. They have been since early 2011, but many people failed to notice until recently, when crude oil prices nosedived. Normally, less demand and a supply glut would lead the Organization of Petroleum Exporting Countries (OPEC), beginning with Saudi Arabia, to cut production. As the de facto cartel leader, the Saudis would often reduce output to p ...
How crude oil’s global collapse unfolded Russell Gold | 13 December, 2014 23:44 SAVE & SHARE EMAILPRINT Then came the U.S. energy boom. By July of this year, oil imports from Nigeria had fallen to zero. Displaced by surging U.S. oil production, millions of barrels of Nigerian crude now head to India, Indonesia and China. But Middle Eastern nations are trying to entice the same buyers. This has set up a battle for market share that could reshape the Organization of the Petroleum Exporting Countries and fundamentally change the global market for oil. On Friday, crude prices dropped to their lowest level in five years after the International Energy Agencycut its forecast for global oil demand for the fifth time in six months. That signaled to investors that the world economy would struggle in the coming year, sending the Dow Jones Industrial Average tumbling by 315.51 points, or 1.8%, to 17280.83. That’s the Dow’s biggest weekly percentage loss in three years. Since June, the IEA has cut its demand for ...
HOW MY OPEC PRESIDENCY WILL HELP NIGERIA, BY ALLISON-MADUEKE • Sliding oil price, production worsen nation’s economic woes • Experts urge diversified economy NEWLY-ELECTED President of the Organisation of Petroleum Exporting Countries (OPEC), Mrs. Diezani Allison-Madueke has assured that she would use her new position working with other members of the oil cartel to work towards promoting Nigeria’s interest. She is also Nigeria’s Petroleum Resources minister. Meanwhile, there are fresh indications that Nigeria’s economy currently hit by sliding crude oil prices may also be contending with declining production of the commodity. Although Nigeria has the capacity to produce 2.5mbp, this target is far below the reality on ground, as the country’s crude oil production has not risen to two million barrels since the first quarter of this year. This has been attributed to crude oil theft, low investment in exploration as a result of the delay in the Passage of the Petroleum Industry Bill (PIB) and in ...
Spot gold fell by a stronger dollar and oil price plunge dragged down Thursday (November 27th) the price of gold fell, by oil prices fell sharply, the strong dollar, and gold exchange traded fund again dragged the outflow of the Swiss central bank over the weekend, gold assets referendum, traders cautious. Spot gold fell 0.3% to $1193.85 an ounce, USA December gold futures fell 3.80 U.S. dollars, reported 1192.80 U.S. dollars an ounce. U. S. markets were closed for the Thanksgiving holiday. In the oil price collapse of the case, the organization of Petroleum Exporting Countries (OPEC) decided not to the production of news, make the index of Brant crude oil futures fell more than 4%, to a low of four years. German commercial bank analyst Daniel Briesemann said, "the drop in oil prices may lead to inflation pressure drop, this is not good news for gold. Sunday the Swiss vote also make gold outlook, the latest polls suggest the referendum result may be "against", so we expect gold prices will go down next mo ...
After its highly awaited meeting yesterday, the Organisation of Petroleum Exporting Countries (OPEC) decided against cutting oil prod...
Naija FM - Nigeria na member of OPEC. But Nigeria na the only member of Organization of Petroleum Exporting and Re-Importing Countries 😭😭
How Opec sets oil prices: Animation explaining how the Organization of the Petroleum Exporting Countries sets oil prices
Market participants were expecting that the Organisation of the Petroleum Exporting Countries (OPEC) would not...
Organization of the Petroleum Exporting Countries(OPEC) extend the tenure of Dr,Abdalla Elbadri as Secretary General
Global oil prices have hit a new four-year low after the Organization of the Petroleum Exporting Countries...
So, Organization of Petroleum Exporting Countries (OPEC), what's your plan now? Still firm? Your plan is deceitful and it will fail. .
OPEC decision: Winners and losers: VIENNA (USA TODAY) -- The Organization of the Petroleum Exporting Countries...
New York--Oil prices tumbled to their lowest level in more than four years on Thursday after the Organization ...
Organisation of Petroleum Exporting Countries (OPEC) decided to leave production quotas unchanged, 6% slump in world oil prices ^JR
Alison Madueke is now the organization of petroleum exporting countries (OPEC) president.
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Is OPEC in terminal decline?: The Organisation of Petroleum Exporting Countries (OPEC), once the all powerful ...
The Organization of the Petroleum Exporting Countries said its 12 member...
Minister of Petroleum, Diezani Alison-Madueke, has been elected the president of the Organisation of Petroleum Exporting Countries, OPEC.
OPEC Holds Production Steady, Signaling Lower Fuel Prices: Ministers of the Organization of Petroleum Exporting Countries meeting in ...
Our analysis, members need high oil prices to break even on their budgets
VIDEO: What is Opec? In 60 seconds: BBC News looks at the Organization of the Petroleum Exporting Countries (O...
NST NEWS: Oil falls as Opec holds output level: VIENNA: Organisation of the Petroleum Exporting Countries (Ope...
by Tunji Andrews The Organisation of Petroleum Exporting Countries, OPEC, has decided…
Organisation of Petroleum Exporting Countries elects Diezani Alison-Madueke as its first female president..
OPEC to meet next in June, delegate says: VIENNA - The Organization of the Petroleum Exporting Countries will ...
Video: Aljazeera - OPEC members meet to discuss oil prices: Organisation of the Petroleum Exporting Countries ...
Oil falls as OPEC opts not to cut production: The Organization of Petroleum Exporting Countries (OPEC) decided...
Oil prices lower as hopes dim for OPEC output cut Oil prices edged lower in Asia today as dealers bet that the OPEC cartel is unlikely to agree on any cuts at a key output meeting this week, analysts said. US benchmark West Texas Intermediate for January delivery was down three cents at USD 75.75 while Brent crude for January fell nine cents to USD 79.59 in mid-morning trade. Oil investors are "speculating that OPEC will not be able to agree to any cut or even commitment to rein in excess oil production", Singapore's United Overseas Bank said in a commentary. The 12-nation Organisation of the Petroleum Exporting Countries will hold one of its toughest and most significant meetings in recent years on Thursday, with members under pressure to address falling prices, which have sunk 30 percent since June. OPEC's poorer members, led by Venezuela and Ecuador, have called publicly for a cut in output, while Iran has also hinted at the need for a reduction. But the cartel's Gulf members, led by kingpin Saudi Arab ...
There is understandable concern in the country about the drop in crude oil prices over the last several weeks. From a figure of $104 per barrel on August 1, 2014, the OPEC basket of prices collapsed to about $82 per barrel on October 28, 2014. The basket of prices used by the Organisation of Petroleum Exporting Countries (OPEC) is the average price of all the varieties of crude sold in the international market. The drop of over $20 per barrel in the three months between August and October has raised justifiable fear given our overwhelming dependence on oil and gas exports for over 90% of our country’s foreign exchange earnings. At a Senate committee session on Monday October 27on the Medium Term Economic Framework (MTEF), which serves as a basis for the preparation of the estimates of revenue and expenditure for the annual budget, Dr. (Mrs) Ngozi Okonjo-Iweala, Finance Minister and Coordinating Minister for the Economy, told the committee that the Nigerian economy was facing some challenge on account of ...
Oil prices fell sharply for a second straight session Tuesday on signs that the Organization of the Petroleum Exporting Countries is unlikely to cut production to push prices higher.
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WTI Holds Above $82 as Fuel Supply Seen Falling; Brent Steady West Texas Intermediate crude held above $82 a barrel before a report that may show motor-fuel inventories shrank to a two-year low in the U.S., the biggest oil consumer. Brent was steady in London. December futures were little changed in New York after gaining 0.7 percent yesterday. Gasoline stockpiles probably fell by 1.45 million barrels to 204.2 million, according to a Bloomberg News survey before data from the Energy Information Administration today. That would be the lowest since November 2012. Inventories slid by 500,000 barrels through Oct. 17, the American Petroleum Institute reported, according to Bain Energy. Oil is paring its collapse into a bear market as banks including BNP Paribas SA and Bank of America Corp. predict the rout may be over. They’re in part counting on the Organization of Petroleum Exporting Countries to reduce supply as the U.S. pumps the most oil in almost three decades. “The market is consolidating,” Jonath ...
Danger As OPEC Predicts Less Demand For Nigeria’s Crude Oil In 2015 Published on July 11, 2014 By Greenbarge Reporters Nigeria may face economic ‘Tsunami’ from next year when demand for its crude oil, which represents over 80 percent of its national income, is predicted by Organization of Petroleum Exporting Countries (OPEC) to decline by about 300,000 barrels per day (bpd). OPEC predicted similar decline in demand for crude oil from the other 11 member oil-cartel by the same quantum of bpd. The prediction is predicated against the backdrop of surging supply from non-OPEC producers, particularly the United States (US). The US was said to have overtaken Saudi Arabia and Russia to become the world’s biggest producer of oil as extraction of energy from shale rock strengthens the nation’s economy, Bank of America Corporation said in a report last week. With efforts towards lifting the almost 40-year-old ban on crude oil exports in the US gaining attraction, Nigeria and other oil-exporting West Afric ...
Darcey Thomas Morris and the point is.? Gas prices are set by speculators on the world market, how much is produced and shipped by the Organization of Petroleum Exporting Countries. They also are impacted by interest rates driven by the LIBOR which is London Interbank Offer Rate. President Obama nor any other president for that matter have nothing to do with it. They just don't have that type of power. In fact they don't have the power to price set price fix nor price control anything. If he did don't you think he would have forced Aetna Humana Cigna and United Healthcare to reduce their prices so the wouldn't screw us? If you want to know about these things ask an economist like me and don't fall for foolishness on threads like this as they are rarely factual!
This President Endorses Corruption Written by Comrade Timi Frank The other day when President Goodluck Jonathan lectured Nigerians on the true meaning of “stealing” and “corruption” many armchair critics began to wiggle their noses as if to say, “Mr President, how is that? The two are one and the same!” However, for those still doubting the cerebral outpouring by the president, he has provided ample object lessons to buttress the point he was trying to make during his last media chat. First is the withdrawal of criminal charges preferred by the federal government against Mohammed Abacha, the son of the ex-military dictator, General Sani Abacha. It will be recalled that Mohammed Abacha was arraigned at the high court of the Federal Capital Territory Abuja in February this year on a nine-count charge of dishonestly receiving the sum of $141.1million and $384.35million allegedly denominated in cash and traveller’s cheques. The fresh arraignment followed the Supreme Court’s quashing of a suit ...
China the surprise factor as Iraqi oil comes back into focus : … the Petroleum Exporting Countries' (OP...
Algeria,Angola,Libya and Nigeria are all members of OPEC (Organisation of Petroleum Exporting Countries). Gabon was a member from 1975-1994.
The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960. Its headquarters in Vienna, Austria
OPEC: Markets are well supplied: Representatives from the Organization of Petroleum Exporting Countries and th...
of the Organisation of Exporting Countries speaks @ Forum
IRAQ is the second-biggest oil exporter in the 12-nation Organisation of Petroleum Exporting Countries after...
Vienna, June 23 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC)...
Punch Oil theft in Nigeria reduces OPEC’s output – IEA June 18, 2014 by Stanley Opara Suspected pipeline vandals being paraded by the Nigeria Security and Civil Defence Corps and vandalised well heads on display in Bayelsa State The activities of oil thieves in Nigeria are currently telling on the output of the Organisation of Petroleum Exporting Countries in terms of depleting oil exports. With the demand for oil currently picking up due to a stronger global economy, the situation in Nigeria and the prevailing political instability and violence in Iraq are said to be frustrating progress in terms of oil production and exportation. The International Energy Agency confirmed on Tuesday that Iraq’s oil growth targets looked increasingly at risk given recent developments in the country. Iraq is the second-largest producer in OPEC and its northern exports have been offline since March. “OPEC output has been hit by unrest in Libya, sanctions on Iran and oil theft in Nigeria,” the IEA said. Royal Dutch ...
Want to know why Obama hid the fact that he is Muslim and why he supports Muslims? It's because a Muslim has paid to put him through school and get him into office. This has all been in the works for years. This article is from the Evening Independent newspaper, Nov, 6th, 1979 Vernon Jarrett What about those rumored billions of dollars the oil rich Arab nations are supposed to unload on American black leaders and minority institutions? “It’s not just a rumor. Aid will come from some of the Arab states,” predicted a black San Francisco lawyer who has close ties to officials of the Organization of Petroleum Exporting Countries (OPEC). “The first indications of Arab help to American blacks may be announced in December.” said Khalid Abdullah Tariq Al-Mansour, formerly known as Donald Warden, of the Holmes and Warden law firm. Al-Mansour is the lawyer who filed a friend-of-the-court brief in support of OPEC last winter when the International Association of Machinists and Aerospace Workers (IAM) filed ...
Crude oil remains near 9-month high as markets eye Iraq tension . . . . . . . . . . . . . Crude oil prices tested nine-month highs, trading near $110 per barrel Monday on fears the insurgency in Iraq, the second-largest in the 12-nation Organization of Petroleum Exporting Countries (OPEC) producer, could disrupt oil exports. Oil extended gains Monday after the sudden eruption of violence in Iraq led to a sharp spike in prices last week. On the New York Mercantile Exchange, U.S. crude oil for immediate delivery rose sharply by 0.38 percent or 0.41 basis points to trade at $107.32 per barrel. Over the past few week, a group`s militants in fast-moving pickup trucks mounted with machine guns, captured Iraq`s second-largest city, Mosul, before barreling south to take the city of Tikrit, Saddam Hussein’s hometown. Iran has sent 2,000 advance troops to Iraq in the past 48 hours as islamist militants in Iraq seize new towns, widening their control after threatening to move on Baghdad. The Sunni-led Islamists ad ...
Ethiopian Airlines launches flight to Vienna Ethiopian Airlines announced the start of four weekly flights to Vienna, the political capital and the economic hub of Austria, on Monday (June 2). The city is also a major diplomatic centre and seat of United Nations agencies such as the United Nations Industrial Development Organization (UNIDO), and the Organization of Petroleum Exporting Countries (OPEC). Ethiopian flights to Vienna will bring the total number of its international destinations across five continents to 82 and will mark the 9th European city served by the airline. Through commercial cooperation with Austrian Airlines, a fellow Star Alliance member with a strong network in Central Europe, Ethiopian now aims to provide seamless and convenient connectivity options for travelers between Africa and European cities such Prague, Bratislava, Warsaw, Budapest, and Bucharest, subject to regulatory approval. Mr. Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airlines, said "we are very happy ...
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Shale Oil the unconventional war on terror. By Tim Tufuga 19th March 2014.   Unconventional Shale Oil, as an alternate fossil fuel source to the present conventional oil supplies produced and distributed primarily by members of the Organisation of petroleum exporting Countries (OPEC)[1]. What seems apparently obvious is the abundance of Shale oil reserves found globally which are accessible by many non-OPEC member nations and what seems more revealing is the fact that there are at least three times as many unconventional oil from unconventional tight oil or Oil Shale and Coal Seam gas than the more readily available conventional oil.   Politically, however, the impact of Shale oil in the global war on terror context will mean a greater shift of the leverage and in thus the balance of power through oil which has been leveraged by OPEC member nations, holding the world to ransom by their demands such as oil price gouging during the OPEC Oil crisis in 1973.   What has been the situation for the energy sec ...
and after its inception [in 1960], with the Organization of Petroleum Exporting Countries or OPEC.52
Nigerian exhibition seeks to improve oil sector An oil and gas conference and exhibition kicked off in Nigeria late Monday to seek ways of improving the sector in the West African country, which is the top oil producer in the continent. The four-day Nigeria Oil and Gas Conference (NOGC) is expected to draw participants from local and international key players of the oil sector. "I am pleased to note that the exhibition component of this gathering that was added in 2004, has, this year, attracted about 200 exhibitors that have registered so far and we expect that this year, we will register about seven thousand visitors to the various stands," said Andrew Yakubu, Group Managing Director of the state-run Nigeria National Petroleum Corporation (NNPC), while opening the conference in Abuja, capital of the West African country. Nigeria's economy is highly dependent of the oil sector and 95 percent of its export earnings and 40 percent of government revenues are from the crude oil, according to International Mo ...
OPEC daily basket price stood at $103.29 a barrel Tuesday, 18 March 2014 (OPEC - Organization of the Petr
LETTER TO MONETARY BOARD CHAIRMAN, HONORABLE AMANDO M. TETANGCO JR. (Sept. 2012) – Page 2/3 COMMUNITY DEVELOPMENT PROGRAMME, of which I am Chairman, along with UNIDO, UNCTAD, WHO, and UNHCR has been designated for the purpose of implementing the World Peace Economic Development Marshall Programme. Wishing to carry out the instructions to finance the Economic and Social Cultural Council – ECOSOC, based on the approved plans in Resolution No. 93 (LV) Art. 55-57-63, adopted under Resolution No. 3442 of 1979 under Economic Zone of UNCTAD-V, General Assembly known as International Law of the Sea, Law of Treaties and the Law of Redeemer Resolution No. 3362 (SV II)-IV of 1974, I hereby write to express Alpha Omega Global Marshall Programme plan’s readiness to assist in whatever capacity, in order to carry out the spirit and the Intent of the said resolutions. Under the rules of Law, established by the International Court of Justice under Olmstead U.S. 277 – U.S. 438, those who violated the Mutual Agreeme ...
March 18, 1974, 40 years ago: OPEC, the Organization of Petroleum Exporting Countries, lifts its embargo. The gas crisis of the last 6 months soon comes to an end.
OPEC to cut exports as refinery demand slows: The Organisation of Petroleum Exporting Countries (OPEC) will cut crude exports this mo...
To Hurt Putin, Keep U.S. Gas at Home Ever since the crisis in Ukraine began, oil and gas interests have been arguing that the U.S. could roll back the Russian incursion in Crimea if only we “fast-track” U.S. exports of liquefied natural gas. There is an easy logic to this argument -- provided you ignore some awkward arithmetic. Russia has been selling gas to Ukraine at the bargain price of about $7.50 per million British thermal units. Germany, by contrast, pays about $11. Meanwhile, gas in Oklahoma costs around $6, suggesting U.S. producers could beat OAO Gazprom’s price. Trouble is, it's a long way from Oklahoma to Kiev. Liquefying and shipping U.S. gas to Ukraine could double its cost to more than $10. U.S. Exports cannot provide Ukrainians with the cheap gas they need. In fact, the U.S. price would barely compete with the most expensive Russian price in Europe. Worse, if U.S. exports are expanded, U.S. gas won't primarily go to Europe; it will go to Japan, China and Korea, all of which will outb ...
The Future of the Organization of Petroleum Exporting Countries - OPEC |
Nigeria’s production capacity has increased between December 2013 & February 2014 according to Organisation of Petroleum Exporting Countries
Got 9/15 playing the Top 15 Petroleum Exporting Countries quiz. Can you top that?
The Organisation of Petroleum Exporting Countries (OPEC) has said the different grades of crude from its membe...
OPEC crude price rises in February on weather, others: The Organisation of Petroleum Exporting Countries (OPEC...
OPEC Raises Oil Demand Forecast: LONDON—The Organization of the Petroleum Exporting Countries boosted its clos...
World Oil Outlook: Supplies to increase: ... of the Petroleum Exporting Countries (OPEC). The Americas, in par...
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Do you know about Libya ? I am going to tell you some information about Libya that may interest you : Libya is a country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, Algeria and Tunisia to the west. Total area : of almost 1.8 million square kilometers, The 17th largest country in the world, and the third largest country in Africa by area. With 1955 km length of coast which is the largest coast on the Mediterranean Sea. The Capital : Tripoli Main spoken language : Arabic Other languages : Berber language, Targi language, Hausa language, and Teda language. Population : 2011 estimate = 6.4 million. Religion: Islam Libya has the tenth largest proven oil reserves in the world. Ranked seventeenth in global oil production. Libya is member of United Nations (UN) + African Union + The Non-Aligned Movement (NAM) +Organization of the Petroleum Exporting Countries + League of Arab States + Organization of ...
This Day in Auto History 2.8.1964 The Iraqi National Oil Company was incorporated in Baghdad. Oil wealth would make Iraq an important player in the politics of the Middle East for the next three decades. The fear of losing access to Arab oil, a fear that marked all U.S. policy to the Middle East following the 1973 Organization of the Petroleum Exporting Countries (OPEC) embargo, drove the U.S. government to heavily support Iraq's war effort against Iran during the 1980s. However, America's friendly relationship with Iraq ended in 1990 with the Iraqi invasion of Kuwait, another oil wealthy Persian Gulf state friendly to the United States.
Which of the following of the members of OPEC (Organisation of Petroleum Exporting Countries)? A. Algeria, Indonesia, Iran, Iraq, Kuwait B. Libya, United Arab Emirates, Nigeria C. Qatar, Saudi Arabia, Venezuela D. All of the above Previous Answer: Veins
5th February 1985 - Toledo Blade, Ohio. Newspaper Buhari rejects IMF terms for loan , and says Nigeria will match British oil prices The Nigerian leader, Gen. Muhammad Buhari, says his country will match Britain;s oil prices even if it means undermining the pricing structure of the Organization of Petroleum Exporting Countries, the Financial Times reported yesterday. The London business daily reported that General Buhari, in an interview in Lagos, also reaffirmed Nigeria's rejection of the International Monetary Fund's terms for a $2.4 billion loan. General Buhari was quoted as saying the benefits if membership in the cartel outweighed the disadvantages, but that the 13-nation organization had to be realistic and allow flexibility for member countries in financial dificulties, such as Nigeria. If Britain's North Sea oil prices dropped, Nigeria, which gets 95% of its foreign earnings from oil, would follow suit, he was quoted as saying, adding: "We will have to do that to survive." General Buhari rejected ...
2 December 2013 • China successfully sent an unmanned lunar probe- Chang'e-3-with a robotic rover to soft land on the Moon, and to explore moon’s surface. • International Day for Abolition of Slavery was observed across the world to create awareness about abolition of slavery. 3 December 2013 • The 9th WTO Ministerial Conference is scheduled from 3 December to 6 December 2013 at Bali, Indonesia. • The 8th Asia Gas Partnership Summit (AGPS) is scheduled from 3 to 4 December 2013 at New Delhi. • Transparency International released the Global Corruption Perceptions Index 2013 at Berlin, Germany. 4 December 2013 • Organization of Petroleum Exporting Countries has decided to maintain the same oil output at 30 million barrel per day for the year 2014. 5 December 2013 • Nelson Mandela, the anti-apartheid revolutionary of South Africa passed away. He was of 95 years old. • Sri Lanka’s Board of Investment has announced the plans to start eight export processing and industrial zones across the c ...
Iran to reassert authority at OPEC after nuclear deal * Iran wants to resume position above Iraq as OPEC's 2nd producer * Saudi, Iraq raised output while sanctions cut Iran supply * Iranian oil ministe Bijan Zanganeh returns to OPEC after eight years * OPEC expected to keep output cap at 30 mln bpd * Cartel may need to cut supply later in 2014 as U.S. shale oil rises Bijan Zanganeh returns this week to the same Vienna hotel suite he last occupied eight years ago as Iranian oil minister, ready to prepare OPEC for what Tehran hopes will mark its return to the rank of the cartel's second biggest producer. Emboldened by its nuclear deal with the West, Iranian oil negotiators led again by industry veteran Zanganeh, will seek to reassert Tehran's authority in the Organization of the Petroleum Exporting Countries at a Wednesday meeting. Western sanctions imposed in 2012 on Iran for its nuclear programme have cost it dearly, losing it billions of dollars in oil revenues and market share in OPEC - largely to its m ...
Where are the headquarters of the Organisation of Petroleum Exporting Countries (OPEC) situated ? (A) Geneva (B) Vienna (C) Brussels (D) The Hague previous answer: Rishabh Dev
The Bilderburg Group: Who the 1% Are Please read through and check out the links. Bilderburg are coming to the UK, Watford! We shall also be there! This story began with the quest of finding who really control(s) the price of crude oil. Trying to figure it out, aside from the supply and demand of oil, what really constitutes to the volatility of oil price. From there, it led to the Organizations of Petroleum Exporting Countries (OPEC), who controls the majority supplies or output of the crude oil; to the World Bank and the International Monetary Fund (IMF), who lends these OPEC members the capitals they need for operations, and explorations of natural energy; to the Bilderberg group whose members are in control of these said financial institutions. According to Joseph Eugene Stiglitz, ForMemRS, FBA, an American economist and a professor at Columbia University, “When the IMF arrives in a country, they are interested in only one thing. How do we make sure the banks and financial institutions are paid?... ...
OPEC (OPEC; pron.:/ˈoʊpɛk/OH-pek) is the Organization of the Petroleum Exporting Countries. It is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and a secure supply of oil to the consumers. Those wh...
Unknown gunmen in Maiduguri, believed to be members of Boko Haram, this afternoon kidnapped respected elder statesman, 87-year old Alhaji Shettima Ali Monguno at the Mafoni Jumaat Mosque after he performed Friday prayers. The kidnappers, who have contacted the family, are demanding the release of some of their members who are being held by security forces. At the mosque, the abductors forced the octogenarian, a former federal Minister, into their car and sped away, shooting into the air to scare away worshippers. Most residents, angered by the brazen seizure of the old man, prayed for his safe release but also for Almighty Allah to punish the perpetrators. Confirming the incident, Munguno’s son, Rahma, told Saharareporters by phone that the kidnappers have made contact with the family, demanding not money, but freedom for some of their members being detained by the government. ***Monguno was the first Nigerian petroleum and power minister and head of the Organization of Petroleum Exporting Countries (OP ...
Obama can’t control these GAS PRICES (by himself)! (But, he does have influence!) YOU should already know this! The OPEC Gas Tax-Why do we pay it, when we export more oil than we use? The Organization of Petroleum Exporting Countries (OPEC) cartel — and the world's failure to curb demand in the face of it — produce a "tax" on gasoline that is far greater than U.S. gas taxes. (I found this story in 2011. Some of you might remember.) Oil price forecasts from 2002 — before oil prices began increasing sharply — provide an estimate of the size of the OPEC gas tax. The 2002 forecast by the U.S. Department of Energy predicted oil prices of $28 per barrel in 2008 (accounting for inflation). Perhaps that would be $35 per barrel, now, in 2011. With oil selling for about $100 per barrel that's a $65 per barrel OPEC tax on oil, and that translates to, very roughly, a $2.00/gallon OPEC tax on gasoline. How does this compare with Federal and State gas taxes? The Federal gas tax is 18.4¢/gallon. State gas tax ...
What Events Happened in 1960 Tidal Wave at Agadir in Morocco kills 12,000 OPEC (Organization of Petroleum Exporting Countries) is formed Fifteen African countries gain independence and South Africa leaves the Commonwealth John F. Kennedy wins presidential Election The Irish Republican Army (IRA) starts its fight against the British The United States announces that 3,500 American soldiers are going to be sent to Vietnam American Heart Association links smoking to heart disease and death in middle-aged men Soviet missile shoots down the US U2 spy plane Afrikaner police open fire with sub-machine guns on demonstrators in the black township of Sharpeville, South Africa Chile subduction fault ruptures from Talcahuano to Peninsula de Taitao, loosing a tsunami and one of the greatest earthquakes on record Sir Francis Chichester arrives in New York aboard Gypsy Moth 11 - he has made a record solo Atlantic crossing in 40 days Hurricane Donna kills 50 in Florida-New England area Princess Margaret marries Antony Arm ...
Opening Bell: The Indian markets continued their bearish run in the last session, weighed down by the economic concern and some weak earnings numbers. Today, the start is likely to be cautious lacking any regional cues. Traders will be eyeing the IIP and inflation numbers scheduled to be announced later in the week for more cues. There will be some support to the markets, as the Finance minister P Chidambaram has indicated that he would bring in major changes in the Budget to boost equity culture among retail investors and address concerns that this group was preferring financial assets over physical ones, mainly gold. Traders will also be eyeing the international crude oil prices, which is now ruling at nine months high mainly because of strong demand from China and lower supplies from the Organization of the Petroleum Exporting Countries. PSU banking stocks will be in limelight as the government plans to allocate around Rs 20,000 crore for bank capitalisation in the next fiscal to help state-run banks . ...
Did you know? Any country that wants to purchase oil from an oil producing country has to do so in U.S. dollars. This is a long standing agreement within all oil exporting nations, aka OPEC, the Organization of Petroleum Exporting Countries. The UK for example, cannot simply buy oil from Saudi Arabia by exchanging British pounds. Instead, the UK must exchange its pounds for U.S. dollars. The major exception at present is, of course, Iran. This means that every country in the world that imports oil—which is the vast majority of the world's nations—has to have immense quantities of dollars in reserve. These dollars of course are not hidden under the proverbial national mattress. They are invested. And because they are U.S. dollars, they are invested in U.S. Treasury bills and other interest bearing securities that can be easily converted to purchase dollar-priced commodities like oil. This is what has allowed the U.S. to run up trillions of dollars of debt: the rest of the world simply buys up that debt ...
Good Day, How are you doing? hope fine. I have interest of investing in your country as well as seek your services in a private and confidential matter.I want you to patiently read my mail. I am Mrs.Assetou Kabore,the wife to the deceased former Head of Delegation to the World Bank in West Africa,My husband was the linkman between the Organization for Petroleum Exporting Countries - OPEC and the petroleum sector in all the West African country. He also attend OPEC meetings constantly in Geneva before his death caused by cardiac arrest in our home town. Through the sale of our allocated oil quota in OPEC, he was able to make Euro 19.3 Million I want you to assist me to claim this money as i cannot claim it directly because he made the deposit as a fund belonging to his business associate in order not to raise eyebrow since he was a civil servant during that time, and the code of conduct bureau forbids him or his wife to acquire such amount of money. It is on this basis that I am contacting you for assistan ...
Huge Selection of Jackets at Low Prices
In October 1973, OPEC [Organization of Petroleum Exporting Countries] reduced the oil supply by 5% and placed an embargo on countries supporting Israel in the Yom Kippur War.
WRITE a short note on Organisation of the Petroleum Exporting Countries (OPEC) ??
Iran’s Oil Minister Rostam Qasemi has rejected reports that the Islamic Republic has withdrawn its candidacy for the position of Secretary General of the Organization of Petroleum Exporting Countries (OPEC).
Oil Rises Slightly as Market Awaits OPEC, FOMC Meetings Crude oil futures snapped a five-day streak of declines and rose modestly Tuesday on strong German investor sentiment data one day before a meeting of OPEC. Crude futures spent most of the day in positive territory, settling at $85.79 a barrel, up 23 cents, or 0.3%. Brent futures settled at $108.01, up 68 cents. Investors were reluctant to make major bets before a couple of key events Wednesday, market participants said. Besides Wednesday's meeting of the Organization of Petroleum Exporting Countries, Wednesday will also see the conclusion of a U.S. Federal Open Market Committee at the U.S. Federal Reserve and the release of the International Energy Agency's monthly oil market report. "The market is just kind of marking time before the OPEC meeting," said Andy Lebow, a broker at Jefferies Bache. The market is trading "rather tentatively," said Matt Smith, analyst at Summit Energy, an energy consultancy. "There's just a little bit of moderate buying f ...
Romney, on the other hand, made a number of more specific, inaccurate statements on the issues: 1. “Gas prices have doubled under Obama.” When Obama came into office, he was dealing with the impact of the greatest financial crisis and economic collapse since the Great Depression. That’s why gas prices were so low; demand had declined substantially. Even the Cato Institute and the Wall Street Journal have pointed out this obvious fact: “When Mr. Obama was inaugurated, demand was weak due to the recession. But now it’s stronger, and thus the price is higher.” Here’s a chart that shows what happened to gas prices during the recession: And as many analysts have pointed out, presidents have little control over oil and gasoline prices: Oil prices are set on the global market, which is controlled by the Organization of Petroleum Exporting Countries, a cartel. High oil prices are responsible for high gasoline prices: The cost of crude oil was 64 percent of the cost of a gallon of gas in September 20 ...
Investing in the Nigerian Oil and Gas Sector: Challenges, Reforms and Future Trends By Kingsley Sawyerr and Chisom Udechukwu; Aina Blankson, LP. For the past three decades, Nigeria has been the hub for hydrocarbon exploration, production and services in the West African Gulf of Guinea region, as oil has become a major source of revenue and foreign exchange for the country’s economy. With a production average of 2.8 million barrels of crude oil daily and an estimated crude reserve of 35 billion barrels , Nigeria is easily rated the tenth largest producer of crude oil globally and sixth largest exporter among Organization of Petroleum Exporting Countries members . The country’s possession of natural gas (distinguished from associated gas) reserve estimated at 185 Trillion Cubic Feet (TCF), makes her the world’s seventh largest gas reservoir . Studies estimate undiscovered gas reserves of between 300 and 600 TCF with daily gas production of about 4 billion cubic feet (BCF) . Despite this impressive pr ...
This Day in History: 1752--The British Empire, including The American Colonies, Adopt the Gregorian Calendar, skipping eleven days and going from Sept. 2nd directly to Sept. 14th. 1901--25th President William McKinley dies after being shot on Sept. 6th by Leon Czolgosz at the Pan-American Exposition in Buffalo, N.Y., he is succeeded by Theodore Roosevelt. 1914--Clayton Moore, "The Lone Ranger" of radio and television is born. 1927--Dancer Isadora Duncan dies when the long scarf she is wearing catches in the wheels of the Bugatti Roadster she is driving 1954--The USSR conducts its first secret nuclear test. 1959--Soviet Probe, Luna 2, crashes on the moon, becoming the first manmade object to reach its surface. 1960--OPEC (Organization of Petroleum Exporting Countries) is founded. 1969--U.S. Selective Service draws Sept. 14th as the first Draft Lottery Date. 1975--Elizabeth Ann Seton, the first American Saint, is Canonized by Pope Paul VI. 1982--Princess Grace (Kelly) of Monaco is killed in a single car acc ...
2nd in natural consumption among (Arab Organization of Petroleum Exporting Countries) with 23.6% of total AOPEC consumption
...hope4good...!! Crude export earnings in the Arab world reached the highest level since 2011 totalling $174 billion, with Saudi Arabia accounting for almost half the total income, according to The Organization of Arab Petroleum Exporting Countries' (OAPEC) annual report.
The total revenue of the 11 members of the Organisation of Arab Petroleum Exporting Countries (OAPEC) soared to $624.8 billion in 2011, according to the latest data.OAPEC data for the oil income generated in the year 2010 was announced as $450bn.
Following Richard Nixon's imposition of wage and price controls on August 15, 1971, an initial wave of cost-push shocks in commodities was blamed for causing spiraling prices. Perhaps the most notorious factor cited at that time was the failure of the Peruvian anchovy fishery in 1972, a major source of livestock feed.[16] The second major shock was the 1973 oil crisis, when the Organization of Petroleum Exporting Countries (OPEC) constrained the worldwide supply of oil.[17] Both events, combined with the overall energy shortage that characterized the 1970s, resulted in actual or relative scarcity of raw materials. The price controls resulted in shortages at the point of purchase, causing, for example, queues of consumers at fueling stations and increased production costs for industry.[18]
We are suffering whiplash: For nearly four decades, OPEC -- the cartel formally known as the Organization of Petroleum Exporting Countries -- has been a major economic and geopolitical force in our collective lives, driving nations to war, otherwise self-respecting world leaders to genuflect, and ec...
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