The Opec oil cartel, led by Saudi Arabia, will pocket a record of more than US$1tn in net oil revenues in 2012 as the annual average price for Brent, the benchmark, heads to an all-time high in spite of weak economic growth.
World oil demand growth could fall short of forecasts next year, exporter group OPEC said 
on Friday, citing Europe's troubled economy and the risk of weakness in faster-growing regions such as China and India.
The Russian gas giant Gazprom became the most profitable companies in the world economy. According to the results of work in 2011, it occupied the first place according to the amount of its profits on the global list of the American Forbes Magazine. The rating was published in a regular issue of this influential in the business world magazine which is on sale on Monday.
The Organisation of Petroleum Exporting Countries (Opec) decided to keep its production ceiling unchanged at its meeting last week.
OPEC's crude oil production numbers are not easy to come by. Ask OPEC itself, and you will now get two answers.
OPEC oil output has risen in February to the highest since October 2008 due to a further recovery in Libya’s production, higher supplies from Angola and Saudi Arabia, a Reuters survey found on Wednesday.
Opec oil output rose in December to the highest since October 2008, a 
Reuters survey found yesterday, as members showed little sign yet of lowering output to make room for recovering Libyan supplies.
Minister of Petroleum and Mineral Resources Sufian Allaw said that Syria won the 2nd rated in OAPEC oil, indicating that this win a huge benefit for young Syrian, who proved the ability to provide research that compete and reap the rewards.
OPEC ministers earlier today put aside the acrimony that had characterized their previous meeting in June and agreed to legitimize current crude output at an overall ceiling level of 30 million b/d.
The head of the Organisation of Petroleum Exporting Countries (OPEC) said on Wednesday he hoped the EU would not press sanctions on Iran’s "difficult to replace" oil exports.
