1. Quotes about Opec

    1. Oil prices continue to tumble on concerns over modest demand and no signs of clipping supply at Opec.
      In Oil tumbles amid supply speculation
    2. OPEC needed to produce every barrel it could during these last six months to account for the lost Libyan crude. The market awaits the return of that oil, on a timetable that can only be guessed at.
      In Nigeria leads surge in OPEC oil production
    3. Barring a shift in the macroeconomic picture into outright global recession, OPEC production changes could skew risks to the upside from current price levels for 3Q 2012 and suggests strong support at $80 per barrel for Brent.
      In Experts see oil below $100
    1. Mentioned In 12 Articles

    2. Oil tumbles amid supply speculation

      Explore iol.co.za (Nov 11 2014)

      Oil tumbles amid supply speculation ...rices fell in subdued Asian trade on Wednesday following sustained speculation about the dim prospects for an Opec oil production cut in the face of abundant global supplies. The US benchmark, West Texas Intermediate fo... (Read Full Article)

      Mentions:   Opec   Saudi Arabia   Singapore

    3. Russia, SA to create platinum bloc

      Explore iol.co.za (Mar 27 2013)

      Russia, SA to create platinum bloc ...l about 80 percent of the world’s reserves of platinum group metals, plan to create a trading bloc similar to OPEC to control the flow of exports. “Our goal is to coordinate our actions accordingly to expand the markets ... (Read Full Article)

      Mentions:   India   Brazil   Opec

    4. Oil scam exposes how small firms sell at discounts

      Explore iol.co.za (Jun 27 2012)

      ...was able to gain access to oil produced in excess of Nigeria’s official Opec production target, known as “off-Opec” crude. Another firm, the UK-registered Current Energy, said in an offer letter that it was reselling 5 m... (Read Full Article)

      Mentions:   Reuters   Delta   Opec

    5. Wison wins Puerto la Cruz oil refinery in Venezuela

      Explore PR Newswire (Jun 27 2012)

      ...porting countries and one of the five founding members of the Organization of Petroleum Exporting Countries (OPEC). SOURCE Wison Back to top Next in Gas News Custom Packages Browse our custom packages or build you... (Read Full Article)

      Mentions:   Opec   China   Indonesia

    6. Experts see oil below $100

      Explore iol.co.za (Jun 27 2012)

      Experts see oil below $100 ...its forecast to $104 from $125. “Barring a shift in the macroeconomic picture into outright global recession, OPEC production changes could skew risks to the upside from current price levels for 3Q 2012 and suggests stro... (Read Full Article)

      Mentions:   Reuters   Asian   Opec

    7. Shell mulls $4bn in Nigerian projects

      Explore iol.co.za (Apr 18 2012)

      Shell mulls $4bn in Nigerian projects

      Officials with Royal Dutch Shell PLC say they are looking at possible onshore investments in Nigeria that could be worth about $4 billion.  Shell CEO Peter Voser made the comments in London Wednesday in remarks published by the international oil company. The investments in Nigeria would go toward operations to capture the natural gas flared during the production of crude oil in the delta.

      (Read Full Article)

      Mentions:   London   Opec   Nigeria

    8. The Price Movements of Plastics

      Explore Spend Matters (Feb 14 2012)

      The Price Movements of Plastics ...r that the oil-rich country would be seeking to stabilise crude oil prices at a level around 100 USD/bbl. Non-OPEC supply fell by 140k bbl/d to 53.2m bbl/d in December amidst a seasonal decline in biofuel production and ... (Read Full Article)

      Mentions:   Opec   Iraq   Chicago

    9. Commodity Price Volatility: A Distraction from the Real Challenge

      Explore procurement-iu.com (Jan 26 2012)

      Commodity Price Volatility: A Distraction from the Real Challenge ...al to the world economy, oil, is influenced by politics as much as by actual demand and true supply capacity. OPEC is in a position to manipulate the supply of oil at will, and governments use oil embargoes to exert poli... (Read Full Article)

      Mentions:   Opec

    10. EU headed for agreement on Iran oil embargo

      Explore iol.co.za (Jan 12 2012)

      EU headed for agreement on Iran oil embargo ...ed on December 31 that aim to make it impossible for most countries' refineries to buy Iranian crude. Iran is OPEC's second largest oil producer after Saudi Arabia, producing around 3.5 million barrels per day. EU countr... (Read Full Article)

      Mentions:   Reuters   Greece   Opec

    11. Tackle piracy to protect the global supply chain

      Explore supplymanagement.com (Jan 6 2012)

      ... inventory levels in response to slow steaming * Boom in shipping over next 20 years * Cost of oil rises, but OPEC uncertain over future demand * Piracy will push up oil price * Buyers will pay price for piracy Latest ar... (Read Full Article)

      Mentions:   Opec

    12. Oil slips near to $102

      Explore iol.co.za (Oct 3 2011)

      Oil slips near to $102 ... Brent price is still pretty high so it should continue to go down,” he predicted. United Arab Emirates (UAE) OPEC governor Ali Obaid Al-Yabhouni also pointed to “ominous clouds on the horizon” for oil demand because of ... (Read Full Article)

      Mentions:   Reuters   Greece   Opec

    13. Nigeria leads surge in OPEC oil production

      Explore Procurement Leaders Network (Sep 16 2011)

      Nigeria leads surge in OPEC oil production ... comes back online at a relatively rapid pace, other countries are going to need to make way for that oil, or OPEC is going to need to hope that global demand proves resilient, even as western countries continue to strug... (Read Full Article)

      Mentions:   Opec   Iraq   Nigeria

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