OPEC

OPEC criticizes oil demand estimates

Published on: September 15, 2023
00:30

Vienna, Sep 15 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) criticized the estimates from the International Energy Agency (IEA) regarding the demand for crude oil until 2030.

OPEC praises Egypt’s rising achievements in energy markets

Published on: February 12, 2023
07:13

Cairo, Feb 12 (Prensa Latina) Haitham Al Ghais, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), on Sunday praised Egypt´s growing achievements in the world energy market.

Venezuela blames the West for increasing global energy crisis

Published on: September 5, 2022
15:55

Caracas, Sep 5 (Prensa Latina) The Venezuelan Oil Minister Tareck el Aissami on Monday blamed the West for worsening the global energy crisis.

WTI oil drops below 90 dollars per barrel

Published on: August 31, 2022
17:25

New York, Aug 31 (Prensa Latina) American benchmark West Texas Intermediate (WTI) crude on Wednesday traded at .55 per barrel, for a .09 or 2.3% gain, according to oil traders.

U.S. is depleting its SPR faster than it looks, says specialist

Published on: June 20, 2022
19:29

Washington, Jun 20 (Prensa Latina) The United States sells a larger chunk of its Strategic Petroleum Reserves (SPR) than the oil production of medium-sized nations members of the Organization of Petroleum Exporting Countries (OPEC) including Angola and Algeria.

OPEC warns of consequences of sanctions against Russia

Published on: April 12, 2022
10:40

Vienna, Apr 12 (Prensa Latina) The secretary general of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, warned that the sanctions against Russia could unleash one of the worst oil supply crises in history.

OPEC expects crude surplus in December

Published on: November 17, 2021
00:15

Abu Dhabi, Nov 17 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) said that there might be a crude surplus in December, and urged to be cautious due to a possible slowdown in demand.

OPEC decides to maintain the pace of oil production

Published on: November 4, 2021
16:17

Vienna, Nov 4 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) decided today to maintain the rhythm of monthly production increases by 400,000 barrels per day until 2022 despite the US pressure to outstrip supply.

Venezuela’s oil production at 650 thousand barrels per day

Published on: October 13, 2021
14:55

Caracas, Oct 13 (Prensa Latina) Venezuela's oil production reached 650 thousand barrels per day in September, according to the official statistics bulletin of the Organization of Petroleum Producing Countries (OPEC), disclosed today by the local press.

OPEC forecasts increase in oil demand until 2035

Published on: September 28, 2021
16:34

Vienna, Sep 28 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) projected today a rise in demand for crude oil until 2035, and the recovery of consumption for 2023 following the fall caused by the Covid-19 pandemic.

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