Subscribe free to our newsletters via your




OIL AND GAS
OPEC offers assurances oil markets are stable
by Daniel J. Graeber
Brussels (UPI) Jun 24, 2013


disclaimer: image is for illustration purposes only

The global oil market is well supplied and there's sufficient output from OPEC members despite regional tensions, the organization said Tuesday.

Representatives from the Organization of Petroleum Exporting Countries and the European Union met Tuesday in Brussels for a regular ministerial meeting to review challenges facing producing and consuming countries alike.

OPEC said there were signs the global economy was improving despite some challenges on the margins. The oil market is well supplied even though there have been some supply disruptions.

"In this regard, there is sufficient oil production from OPEC member countries and steady growth in non-OPEC supply, particularly from North America," an OPEC statement said.

Libya, a once-major North African oil producer, has struggled to maintain production at its pre-war level of around 1.4 million barrels of oil per day. A Sunni-led insurgency in Iraq, meanwhile, is threatening the country's oil sector.

OPEC said its counterparts in the EU expressed support for the cartel's "key role" in keeping oil markets stable. Tensions in the Middle East, as well as Eastern Europe, confirmed the "value of further strengthening cooperation between the EU and OPEC on energy and oil matters," OPEC said.

There was no corresponding statement on the dialogue from the EU.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
French company GDF Suez signs LNG agreement in Indonesia
Paris (UPI) Jun 23, 2013
French energy company GDF Suez said Monday it was looking at the prospects for building an onshore liquefied natural gas terminal in Indonesia. The company said it signed a cooperation agreement with its regional counterparts, Perusahaan Gas Negara, related to a feasibility study for the LNG terminal in northern Java. "This partnership is an important new example of the group's d ... read more


OIL AND GAS
Japan satellites to monitor Fukushima, Chernobyl

Japan to help Bhutan brush up 'happiness' census

Godzilla: Still relevant and raging after 60 years in Japan

Fukushima struggling to build ice wall to plug leak

OIL AND GAS
Soyuz Rocket puts Russian GLONASS-M navigation satellite into orbit

Russia may join forces with China to compete with US, European satnavs

Russia Says GLONASS Accuracy Could Be Boosted to Two Feet

Northrop Grumman tapped for new miniature navigation system

OIL AND GAS
Chimpanzees spontaneously initiate and maintain cooperative behavior

Inca trails, ancient French cave vie for World Heritage status

Serious challenges to 'New Urbanist' communities

Seafarers brought Neolithic culture to Europe, gene study indicates

OIL AND GAS
WWF raises alarm over Mozambique elephant killings

Huge haul of rare anteater scales seized in Hong Kong

Tiny plants ride on the coattails of migratory birds

Wolves in wolves' clothing not all the same

OIL AND GAS
Science finds chink in superbug armour

H7N9 flu: New map pinpoints Asian countries at risk

Archaeologists unearth remains of ancient Egyptian epidemic

HIV battle: Uganda tests out rubber band circumcision

OIL AND GAS
Heavy jail terms for Chinese anti-graft trio: lawyer

Washington moves toward 'Liu Xiaobo' street, defying China

Construction stopped on replica of ancient Chinese ship

China sentences three to death for Tiananmen attack: CCTV

OIL AND GAS
Malaysian navy foils pirate attack in South China Sea

NATO anti-piracy ops until 2016

Kidnapped Chinese, Filippino rescued in Malaysia

Chinese worker kidnapped in Malaysia's Borneo island

OIL AND GAS
Former top China official charged with bribery

Bank of China approved for yuan clearing in Frankfurt

China's shipping veto changes world competition landscape

Chinese putting wind in sails of Greek recovery




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.