Latest news
OPEC: World oil demand is likely to stabilize in 2012, downsizing risks for 2013
The Organization of Petroleum Exporting Countries (OPEC) has recently announced a slight boost to its global oil demand forecast for 2012 and 2013.
read more... 13/08/2012
Iran’s oil exports slump by half in July
The international sanctions regime has sharply cut Iranian oil exports almost by half in July, being the biggest supply disruption from a member of the OPEC since an armed conflict last year in Libya.
read more... 06/07/2012
OPEC agrees to keep its output quota unchanged
The world’s largest cartel, OPEC, at its quarterly meeting in Vienna on Thursday, decided to keep its production quota steady at 30 million barrels a day, maintaining its status quo in order to fade out strong disagreements between members.
read more... 18/06/2012
Daily: Brent up towards $98 as OPEC keeps output steady
Brent crude futures went up towards $98 on Friday, extending gains after OPEC decided to keep its output unchanged for the second half of the year.
read more... 15/06/2012
Daily: Brent trading steady ahead of OPEC meeting
Brent crude hovered around $97 on Thursday, trading in a narrow range, as investors were unwilling to take positions ahead of the result of the OPEC meeting and Greek elections.
read more... 14/06/2012