05/13/2009 10:26AM
OPEC Net Oil Export Revenues
Country
Nominal ($B)
Real (2000$B)
2008
2009
2010
Jan-Apr 2009
2008
2009
2010
Jan-Apr 2009
Algeria
$70
NA
NA
$10
$57
NA
NA
$8
Angola
$68
NA
NA
$10
$55
NA
NA
$8
Ecuador
$10
NA
NA
$1
$8
NA
NA
$1
Iran
$82
NA
02/16/2009 07:40AM
TEHRAN (Dow Jones)-Iran's parliamentary energy commission has drafted a bill to raise the price of rationed gasoline in the Islamic republic by about 11 cents starting March 21, 2009, Iran's satellite English-language news Web site reported Sunday.
Rationed gasoline for the next Iranian calendar year
02/10/2009 07:41AM
WASHINGTON (Dow Jones)--U.S. President Barack Obama said his Administration was seeking opportunities to engage Iranian officials within the coming months in diplomatic talks.
Although Obama said his national security team was reviewing the Administration's Iran policy, direct engagement marks a shift
12/22/2008 10:18AM
MOSCOW (AFP)--Ministers from gas-exporting countries are to meet in Moscow Tuesday to finalize the rules of their new club and douse expectations it will act as the gas equivalent of the Organization of Petroleum Exporting Countries oil cartel.
The forum, which groups Russia, the world's biggest gas
12/19/2008 01:02PM
LONDON (Dow Jones)--Saudi Arabia's new oil production target under the Organization of Petroleum Exporting Countries' latest output cut is 8.05 million barrels a day, which is marginally lower than the kingdom's previous quota in November, according to an OPEC document obtained by Dow Jones Newswires
12/17/2008 07:48AM
NEW YORK (Dow Jones)--Oil prices have bounced back from a four-year low, but analysts and traders aren't quite ready to call a bottom to the market.
Crude futures traded down to $40.50 a barrel earlier this month, marking a 70% plunge since July and the erasure of four years of gains in just five months
12/17/2008 07:42AM
ORAN, Algeria (Dow Jones)--Iraq expects OPEC will decide to cut its production by between 1.5 million and 2.5 million barrels a day, Iraqi oil minister Hussein al-Shahristani said ahead of the producer group's meeting Wednesday.
"Members are proposing to cut OPEC output by 1.5 million barrels a day
11/30/2008 02:12PM
TEHRAN (AFP)--Crude producer Iran said Sunday that the world oil market is oversupplied by 2 million barrels a day after OPEC decided to leave its oil output quota unchanged amid falling prices.
"There is oversupply of 2 million barrels per day on the market and we are seeking to create a balance between
11/26/2008 10:28AM
LONDON (Dow Jones)--Despite oil prices' nosedive by nearly $100 a barrel since July, nervous OPEC members gathering in Cairo later this week appear likely to defer another oil-output decision until December so they can gauge the impact of two previous cuts.
Worried by the sinking demand and rising