Latest FromOpec
![Rocky times ahead as oil prices crash](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Rocky times ahead as oil prices crash
The oil price decline of 2014 upended the geopolitical chessboard. Worth watching in 2015 will be who can recover and dominate play - Opec, Vladimir Putin or US shale drillers.
![Liam Dann: Oil-price plunge rattling markets](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Liam Dann: Oil-price plunge rattling markets
The dynamic of the new oil shock is moving fast - maybe too fast for the fragile global economic recovery, writes Liam Dann.
![Holiday fuel discount for drivers](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Holiday fuel discount for drivers
It couldn't be better timing for Kiwis as standard-grade petrol nudges below $2 a litre for the first time in two and a half years.
![Oil king predicts drilling cutback](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Oil king predicts drilling cutback
Billionaire wildcatter Harold Hamm, a founding father of the United States shale oil boom whose fortune has fallen by more than half in the past three months, says US drilling will slow as producers....
![Is the sun setting on Opec's reign?](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Is the sun setting on Opec's reign?
It wouldn't be the first time the Organisation of Petroleum Exporting Countries has met in an atmosphere of deep division, bordering on outright hatred.
![Deeper Saudi supply cuts needed to sustain high oil prices](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Deeper Saudi supply cuts needed to sustain high oil prices
Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel as global oil demand weakens, analysts say.
![Saudi resistance tipped to any Iran bid for bigger Opec stake](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Saudi resistance tipped to any Iran bid for bigger Opec stake
Iran hopes to use a meeting of Opec oil ministers today as a launch pad for its return as a dominant force in global crude markets after months of sanctions.
![Anne Penketh: The Donald distracts in early election running](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Anne Penketh: The Donald distracts in early election running
President Barack Obama received two pieces of good news as he hit the campaign trail on the West Coast last week.
![World shares up on US labour recovery signs](/pf/resources/images/placeholders/placeholder_l.png?d=780)
World shares up on US labour recovery signs
Equities in Europe and on Wall Street advanced overnight amid optimism about a recovery in the US labour market.
![Gold hits record price overnight](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Gold hits record price overnight
Gold hit a record high on world markets overnight, but equities fell as investors worried about the impact on consumer spending and corporate profits of high oil prices.
![Brian Fallow: Fight for freedom fuels oil threat](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Brian Fallow: Fight for freedom fuels oil threat
The bloody events in Libya have sent oil prices climbing and share prices falling. It could be the harbinger of worse to come.
![Positive tone on Wall Street overnight](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Positive tone on Wall Street overnight
Equities on Wall St were up overnight, lifted by better-than-expected earnings from Exxon Mobil and a pick-up in US consumer spending that surpassed forecasts.
![China adds to positive tone on world markets](/pf/resources/images/placeholders/placeholder_l.png?d=780)
China adds to positive tone on world markets
Equities on Wall Street began the final five-day trading week of the year on a positive note amid takeover news and optimism about the global economy.
![Gulf spill a familiar story in oil-soaked Nigeria](/pf/resources/images/placeholders/placeholder_l.png?d=780)
Gulf spill a familiar story in oil-soaked Nigeria
The brown spots run like a trail of blood down the deserted coastline near this fishing village. Just underneath a handful of sand lies spilled oil.