Related tags: Oil, oilprice, iran, venezuela, tboonepickens, peakoil, politics
March 9 (Bloomberg) — Nigeria may seek to increase its OPEC oil production quota if output remains free from militant disruption, an official from state-owned Nigeria National Petroleum Corp. said today.
Professor Peter Odell, adviser to Opec, says state authority would ensure energy companies work in the national interest Ministers must wrench back control of oil and gas production from the private sector if Britain is to maximise the value of the remaining reserves in the North Sea, a respected petroleum academic has warned. Peter Odell, a professor at Erasmus University in Rotterdam and an …
TRIPOLI, Mar 05, 2010 (AFP) - The global oil market is oversupplied and OPEC will not change production quotas when its members next meet in Vienna on March 17, the head of Libya’s National Oil Company said on Friday.
March 2 (Bloomberg) — Demand for OPEC crude may drop by 100,000 barrels a day this year as stockpiles are higher than the five-year average and the global economy is weak, the United Arab Emirates oil minister said.
Feb. 25 (Bloomberg) — OMV AG fell the most in three months after central Europe’s biggest oil company slashed its 2010 oil production target 7 percent and fourth-quarter profit missed analyst estimates.
Feb. 25 (Bloomberg) — OMV AG , central Europe’s biggest oil company, slashed its 2010 oil production target 7 percent as fourth-quarter profit missed analyst estimates.
Feb. 24 (Bloomberg) — Nigeria’s acting president, Goodluck Jonathan , faces two challenges in keeping crude output from shrinking in Africa’s biggest oil producer: guns and cash.
Feb. 24 (Bloomberg) — Nigeria’s acting president, Goodluck Jonathan , faces two challenges in keeping crude output from shrinking in Africa’s biggest oil producer: guns and cash.
Feb 23 (Reuters) - Oil prices hit a six-week high above $80 a barrel this week.
Spare capacity, the market term for difference in supply and demand of crude, has remained constrained despite recession and a massive reduction in oil demand in 2009, Francisco Blanch, Global Head of commodities research at Bank of America Merrill Lynch, said in his latest report.
