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  1. September 17, 2014

    Oil slips on scepticism over Opec cuts

    Oil prices eased as traders paused to consider recent news from Opec and Libya as well as official data that showed a larger...

  2. September 10, 2014

    Saudi Arabia cuts oil output in August

    Saudi Arabian oil output fell 400,000 barrels a day in August according to a report issued by Opec that coincided with...

  1. June 17, 2014

    IEA warns on Opec oil production risks

    The sectarian strife in Iraq has put growth of Opec crude oil production capacity over the next five years at risk,...

  2. June 11, 2014

    Opec prepared to ‘take steps’ on supply

    Opec has left its output target of 30m barrels a day unchanged, but the oil-producing cartel said it was prepared to “take...

  3. June 11, 2014

    Iraq strikes defiant tone on oil output

    Iraq’s oil minister struck a defiant tone at Wednesday’s meeting of Opec, where the oil-producing cartel left its output...

  4. June 11, 2014

    Prospect of Iran’s return poses problem for Opec

    In the days before an Opec meeting the financial press pack descends on Vienna. The media fan out across the city hoping to...

  5. June 5, 2014

    Opec focus switches to supply challenge

    When Opec last met six months ago the discussion in and around its secretariat building in central Vienna centred on how the...

  6. May 15, 2014

    IEA says Opec oil supply could fall short

    Opec, the oil-producing cartel, will need to increase production significantly in the second half of the year in order to...

  7. January 28, 2014

    Iraq eyes return to Opec quota system

    Iraq has for the first time begun preparing for a return to the Opec production quota system, in a shift of policy that...

  8. January 1, 2014

    Opec supply risk divides oil strategists

    For a third year, international oil prices have gone nowhere. Brent, the global marker, has averaged more than $108 a barrel...

  9. December 5, 2013

    Opec faces up to new challenges

    Opec may meet twice a year in its secretariat building in central Vienna, but the activity around delegates’ hotels in the...

  10. December 4, 2013

    Iran threatens to trigger oil price war

    Tension between Iran and Saudi Arabia over Tehran’s plans to raise oil output spilled into the open on Wednesday as Opec...

  11. December 3, 2013

    Opec big hitters weather US oil discount

    Opec faces a dilemma. The US shale boom is hitting the oil cartel’s revenues, even though surging US output has yet to erode...

  12. December 2, 2013

    Saudi oil minister plays down talk of cuts to Opec production

    Ali al-Naimi, the Saudi oil minister, dismissed the idea of cuts to Saudi production on Monday as he arrived in Vienna for...

  13. December 1, 2013

    Oil supply: The cartel’s challenge

    The price of oil Demand for Opec crude Opec: Organisational structure Iraq: Conflict clouds the next decade of production At...

  14. November 27, 2013

    Rise in US oil stocks sends price lower

    US oil dropped to its lowest level since June after government data showed crude stockpiles in America had increased for a...

  15. November 7, 2013

    China car growth fuels Opec bullishness on crude demand

    Opec has increased its forecast for long-term global oil demand for the first time in six years, after reassessing the...

  16. October 17, 2013

    Guessing game starts on timing of Venezuela devaluation

    Beauty pageants are to Venezuela what football is to Argentina or baseball to Cuba – a spectacle that allows people to...

  17. October 11, 2013

    US refiners’ output jumps on cheap domestic crude

    US refiners are benefiting at the expense of their European peers as surging shale oil production plugs the gap from supply...

  18. September 12, 2013

    Saudi oil rise not enough to offset wider disruption

    Saudi Arabia pumped oil at the fastest rate in 32 years in August but global supplies still fell by almost 1m barrels a day,...

  19. September 10, 2013

    Opec says crude market well supplied

    Opec, the oil producers’ cartel, has said the market is “well supplied”, in its first public pronouncement since oil prices...

  20. July 29, 2013

    Alwaleed warns of US shale danger to Saudi

    Prince Alwaleed bin Talal, the billionaire Saudi Arabian investor, has warned that his country’s oil-dependent economy is...

  21. July 25, 2013

    The world might be drifting into an oil price shock

    There are two new dimensions to international oil markets that are creating a dilemma for Opec and may be sowing the seeds...

  22. July 10, 2013

    Opec expects demand for its crude to fall

    Opec, the oil producers’ cartel, expects demand for its crude to hit a five-year low next year as the US shale boom...

  23. June 11, 2013

    Saudi oil production at seven-month high

    Saudi Arabia has boosted its crude oil production to a seven-month high as the world’s largest oil exporting country...

  24. May 31, 2013

    Opec keeps production targets unchanged

    Opec side stepped fears about the US shale revolution and slower growth in China to keep its official production target...

  25. May 30, 2013

    Opec set to roll over oil production target

    The Opec oil cartel is set to keep its production target unchanged, betting that a seasonal rise in demand as Americans and...

  26. May 30, 2013

    Iraq at the centre of internal Opec debates

    As Opec ministers filter into Vienna for the twice-yearly meeting of the oil cartel, most are expecting a meeting of nuance...

  27. May 29, 2013

    Oil guru says US shale revolution is ‘temporary’

    The oil trader known by rivals as “God” predicts the US shale revolution will only “temporarily” boost production and oil...

  28. May 29, 2013

    US shale threatens to divide Opec

    Ask any two Opec oil ministers about the impact of the US shale oil revolution and you are likely to get opposing answers....

  29. May 27, 2013

    Opec faces deadlock over secretary-general

    Saudi Arabia and Iran face off at Friday’s Opec meeting – not about oil prices and supply, but over the leadership of the...

  30. April 24, 2013

    Sub-$100 crude oil fails to raise Opec’s hackles

    The script is familiar. As Brent crude dipped below $100 a barrel last week, investors switched their attention to Riyadh,...

  31. April 16, 2013

    Brent crude falls below $100

    Brent crude oil fell below $100 a barrel for the first time since July as a sell-off in gold moved into other commodities....

  32. April 15, 2013

    Kuwaiti politician jailed for emir comment

    KUWAIT, April 15 (Reuters) - A prominent Kuwaiti opposition politician was sentenced to five years in jail on Monday for...

  33. January 28, 2013

    Opec upbeat on 2013 crude oil price

    Opec has struck an an upbeat tone about the oil market for this year, anticipating prices of around $110 a barrel on average...

  34. December 30, 2012

    Opec cartel to reap record $1tn

    The Opec oil cartel, led by Saudi Arabia, will pocket a record of more than US$1tn in net oil revenues in 2012 as the annual...

  35. December 12, 2012

    Opec unlikely to disrupt US shale boom

    Can the Opec oil cartel kill the US energy renaissance through a policy of low prices, halting the development of shale oil...

  36. December 10, 2012

    Aramco cyber attack targeted production

    Saudi Arabia has revealed that a cyber attack against its giant oil industry earlier this year aimed to stop crude oil and...

  37. December 10, 2012

    Nationalism threat to resource prices

    Resource nationalism is making commodity prices more volatile and threatens global security, warns Chatham House, the...

  38. October 20, 2012

    Brent falls after Goldman report

    Brent crude finished the week more than 3 per cent lower after a Goldman Sachs report calling the end of a “sustained...

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