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info about OPEC  and latest OPEC  news

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Definition: OPEC


OPEC stands for the Organization of Petroleum Exporting Countries. Represented by a group of countries, (OPEC) centered around middle east and founded in and around 1960 with a purpose to collaborate in the management of regulating production levels of oil to meet world demand.

OPEC also regulate the exportation of crude oil from member states, to the rest of the world and because of their ability to adjust production levels, OPEC possess a great deal of influence on the price of oil and associated political issues.













 


The Milk Man's Lesson: Car Choice Can Work
NewsMax.com
Today, the lion's share of global oil reserves is under the control of OPEC, a cartel with many member states that are openly hostile to American interests. As for environmental concerns, experiments show that methanol and ethanol fuels yield fewer ...

02/07/2012 04:33 AM


Obama Freezes Iranian Government, Bank Assets in US
BusinessWeek
Iran, the second-largest oil producer in OPEC after Saudi Arabia, pumped about 3.545 million barrels of oil a day last month, a Bloomberg survey showed, and exported an average 2.58 million barrels a day in 2010, according to OPEC statistics.

02/07/2012 01:10 AM


Saudis risk Iranian anger over crude flow
Financial Times
Rostam Ghasemi, Iran's oil minister, over the weekend urged Saudi Arabia and other Opec members not to boost their supplies to offset the impact of the EU embargo and the new US sanctions that are also affecting the oil trade.

and more »

02/06/2012 10:29 PM


Global Warming (blog)

T. Boone Pickens Still Wants Subsidies
Global Warming (blog)
Today, he writes in The Chicago Tribune: If you are going to transform American energy to address the national security and economic risks associated with our OPEC oil dependence, there is only one solution: move our natural gas reserves into ...
In oil business, let the free market decideThe Daily Campus

all 232 news articles »

02/06/2012 07:58 PM


Philippines to borrow P4B from ADB, OPEC fund
Inquirer.net
The Philippine government will borrow close to P4 billion from the Asian Development Bank and the OPEC Fund for International Development (OFID) to fund rehabilitation and maintenance of national roads in the country. A study conducted by the ADB ...

and more »

02/06/2012 04:44 PM


The Guardian

ENERGY MARKETS REPORT INCLUDING: OPEC have agreed that crude prices should ...
Proactive Investors UK
The Algerian Oil Minister has commented that OPEC are happy with the current price levels of oil, adding that OPEC have never planned to offset Iranian supply cuts with a boost in production. • OPEC have agreed that crude prices should remain at ...
FACTBOX-Top importers of Iranian crude oilReuters Africa
NYMEX-Crude falls back on Greek debt deal delayReuters UK
NYMEX-Crude rises on Europe cold snapLondon South East
Oman Tribune -FXstreet.com
all 756 news articles »

02/06/2012 10:24 AM










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