OPEC

Latest articles

3h
FOX Business
Oil edges off recent high ahead U.S. stock data, OPEC meethowever, remained buoyant ahead of Friday's meeting between the Organization of
FOX Business / Posted 3 hours ago
however, remained buoyant ahead of Friday's meeting between the Organization of the Petroleum Exporting Countries with non-OPEC producers to discuss progress of their 1.8-million barrel-per-day supply cut deal. OPEC's second-biggest producer Iraq... Read more
22 related articles
3h
FOX Business
Oil edges off recent high ahead U.S. stock data, OPEC meethowever, remained buoyant ahead of Friday's meeting between the Organization of
FOX Business / Posted 3 hours ago
however, remained buoyant ahead of Friday's meeting between the Organization of the Petroleum Exporting Countries with non-OPEC producers to discuss progress of their 1.8-million barrel-per-day supply cut deal. OPEC's second-biggest producer Iraq... Read more
22 related articles
3h
Zero Hedge
IEA: Oil Price Spike Coming In 2020Authored by Nick Cunningham via OilPrice.com, The oil market has been awash in
Zero Hedge / Posted 3 hours ago
Authored by Nick Cunningham via OilPrice.com, The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the... Read more
4h
Reuters
Oil edges off recent high ahead U.S. stock data, OPEC meethowever, remained buoyant ahead of Friday’s meeting between the Organization of
Reuters / Posted 4 hours ago
however, remained buoyant ahead of Friday’s meeting between the Organization of the Petroleum Exporting Countries with non-OPEC producers to discuss progress of their 1.8-million barrel per day supply cut deal. OPEC’s second-biggest producer Iraq... Read more
22 related articles
5h
Channel NewsAsia
Oil edges off recent high ahead US stock data, OPEC meethowever, remained buoyant ahead of Friday's meeting between the Organisation of
Channel NewsAsia / Posted 5 hours ago
however, remained buoyant ahead of Friday's meeting between the Organisation of the Petroleum Exporting Countries with non-OPEC producers to discuss progress of their 1.8-million barrel per day supply cut deal. OPEC's second-biggest producer Iraq... Read more
22 related articles
6h
Market Watch
Oil struggles for direction after notching multiweek highsdirection Tuesday, a day after U.S. prices settled at a seven-week high, as tra
Market Watch / Posted 6 hours ago
direction Tuesday, a day after U.S. prices settled at a seven-week high, as traders weigh prospects for an extension to the OPEC-led production cut agreement through next year. On the New York Mercantile Exchange, October West Texas Intermediate... Read more
22 related articles
7h
AllAfrica.com
Solar Grid Keeps Harvests High, Hospitals Lit in Parched Rural Areashave become more productive and medical facilities safer. The $3.2 million min
AllAfrica.com / Posted 7 hours ago
have become more productive and medical facilities safer. The $3.2 million mini-grid was funded by the European Union, the OPEC Fund for International Development and the Global Environment Facility as part of a drive to promote universal access to... Read more
9h
Reuters
Oil near five-month high as Middle East producers stick to cutsto five-month highs on Tuesday after key Middle Eastern producers showed they c
Reuters / Posted 9 hours ago
to five-month highs on Tuesday after key Middle Eastern producers showed they continued to comply with output cuts under an OPEC-led deal that Iraq’s oil minister said could be extended or deepened. A weaker U.S. dollar also lent support to... Read more
22 related articles
10h
Zero Hedge
Global Equities Hit New All Time High Ahead Of The Fed; VIX < 10; Japan Stocks Surgea need for more output reductions, but if there was a need for more cuts in the
Zero Hedge / Posted 10 hours ago
a need for more output reductions, but if there was a need for more cuts in the future, Iraq will support consensus within OPEC, Adding, that there are proposals for more cuts, but he does not think it will be implemented, but will be... Read more
10h
Reuters
Oil near five-month high as Middle East producers stick to cutsto five-month highs on Tuesday after fresh data showed key Middle Eastern produ
Reuters / Posted 10 hours ago
to five-month highs on Tuesday after fresh data showed key Middle Eastern producers continued to cut supply in line with an OPEC-led deal aimed at ending a crude glut. A weaker U.S. dollar also lent support to greenback-denominated commodities like... Read more
22 related articles
14h
Reuters
Oil steady on tighter Middle East supplies, as rising U.S. output weighsSINGAPORE (Reuters) - Oil markets held largely steady on Tuesday, even as OPEC
Reuters / Posted 14 hours ago
SINGAPORE (Reuters) - Oil markets held largely steady on Tuesday, even as OPEC producers Saudi Arabia and Iraq pointed to a reduction in supplies in line with efforts to tighten the market and prop up prices. Prices were capped by rising U.S. shale... Read more
22 related articles
15h
Reuters
Oil dips on rising US shale output, more hurricane uncertainty6.889 million bpd in June. Saudi Arabia is the de-facto leader of the Organiza
Reuters / Posted 15 hours ago
6.889 million bpd in June. Saudi Arabia is the de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC), which together with some non-OPEC producers like Russia, has pledged to hold back around 1.8 million bpd of supplies... Read more
22 related articles
1d
FOX Business
Kuwait says new oil spill strikes near site of August slicksuggested at least 34,000 gallons of oil leaked out during that spill. Authorit
FOX Business / Posted yesterday
suggested at least 34,000 gallons of oil leaked out during that spill. Authorities needed about a week and a half to contain it. OPEC member Kuwait has proven oil reserves of more than 100 billion barrels and produces 2.9 million barre... Read more
1d
FOX Business
Kuwait says new oil spill strikes near site of August slicksuggested at least 34,000 gallons of oil leaked out during that spill. Authorit
FOX Business / Posted yesterday
suggested at least 34,000 gallons of oil leaked out during that spill. Authorities needed about a week and a half to contain it. OPEC member Kuwait has proven oil reserves of more than 100 billion barrels and produces 2.9 million barre... Read more
1d
AllAfrica.com
Oil Exploration Could Be Best Economic Growth Catalystcome. At one point, many of the countries that are proud members of Organizati
AllAfrica.com / Posted yesterday
come. At one point, many of the countries that are proud members of Organization of Oil Producing and Exporting Countries (OPEC), especially those from the Middle East such as Saudi Arabia, Qatar, Iraq, Iran, the United Arab Emirates (UAE)and... Read more
1d
Reuters
Oil prices slip, but hold near recent highs33 cents lower at $55.29 a barrel, near an almost five-month high of $55.99 tou
Reuters / Posted yesterday
33 cents lower at $55.29 a barrel, near an almost five-month high of $55.99 touched on Thursday. “Demand forecasts from OPEC and IEA ... continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the... Read more
22 related articles
1d
Market Watch
Oil prices turn lowerup their forecasts for demand for this year,” said Tom Pugh, commodities econom
Market Watch / Posted yesterday
up their forecasts for demand for this year,” said Tom Pugh, commodities economist at Capital Economics. The prospect that OPEC could extend its production-cut pact beyond March 2018 also supported prices, Pugh said, adding that growth in output... Read more
1d
Business Standard India
U.S. oil prices hit $50 on rising refinery demand, falling rig counta barrel, up 4 cents, and also not far from the near five-month high of $55.99
Business Standard India / Posted yesterday
a barrel, up 4 cents, and also not far from the near five-month high of $55.99 touched on Thursday. "Demand forecasts from OPEC and IEA ... continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the... Read more
22 related articles
1d
Reuters
U.S. oil prices hit $50 on rising refinery demand, falling rig counta barrel, up 4 cents, and also not far from the near five-month high of $55.99
Reuters / Posted yesterday
a barrel, up 4 cents, and also not far from the near five-month high of $55.99 touched on Thursday. “Demand forecasts from OPEC and IEA ... continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the... Read more
22 related articles
1d
The Economic Times
Oil markets firm on rising refinery demand, falling US rig counta barrel, down 2 cents but not far off the almost five-month high of $55.99 fro
The Economic Times / Posted yesterday
a barrel, down 2 cents but not far off the almost five-month high of $55.99 from late last week. "Demand forecasts from OPEC and IEA... continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the... Read more
22 related articles
1d
Reuters
Oil markets firm on rising refinery demand, falling U.S. rig counta barrel, down 2 cents but not far off the almost five-month high of $55.99 fro
Reuters / Posted yesterday
a barrel, down 2 cents but not far off the almost five-month high of $55.99 from late last week. “Demand forecasts from OPEC and IEA... continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the... Read more
22 related articles
2d
Zero Hedge
Algeria Officially Launches Helicopter Money Amid Sliding Oil Revenue, Budget Crisisnot everywhere. On Sunday, Algeria’s prime minister unveiled a plan to plug th
Zero Hedge / Posted 2 days ago
not everywhere. On Sunday, Algeria’s prime minister unveiled a plan to plug the country's budget deficit as the the OPEC member state looks to offset lower oil revenue by directly borrowing from the central bank, while avoiding international... Read more
2d
FOX Business
Global Oil Demand is Surging But That’s Still Not Enough to Fix the Oil Marketoutages and scheduled maintenance, it's up 1.2 million Bpd an average from last
FOX Business / Posted 2 days ago
outages and scheduled maintenance, it's up 1.2 million Bpd an average from last year according to the IEA even though OPEC is in the midst of a coordinated effort to reduce supplies.Why in the world are we still awash in oil? There's a... Read more
2d
FOX Business
Global Oil Demand is Surging But That’s Still Not Enough to Fix the Oil Marketoutages and scheduled maintenance, it's up 1.2 million Bpd an average from last
FOX Business / Posted 2 days ago
outages and scheduled maintenance, it's up 1.2 million Bpd an average from last year according to the IEA even though OPEC is in the midst of a coordinated effort to reduce supplies.Why in the world are we still awash in oil? There's a... Read more
2d
The Economic Times
Foreign direct investment may push Rupee to new heightsis a temporary problem, as falling oil prices should help bridge the gap. Oil p
The Economic Times / Posted 2 days ago
is a temporary problem, as falling oil prices should help bridge the gap. Oil prices fell about 3 per cent Friday on record OPEC exports. Brent crude fell that day to $46.28, its lowest in more than a week. “The rupee is a function in relation to... Read more
2d
WTKR Norfolk
IPhone 8 hits stores; CEOs make economic predictions; Fed meetingBusiness leaders speak on Climate Change at the C40 Talks Tuesday — Bed Bath &
WTKR Norfolk / Posted 2 days ago
Business leaders speak on Climate Change at the C40 Talks Tuesday — Bed Bath & Beyond earnings; FedEx earnings; Fed meeting Wednesday — General Mills earnings; Fed meeting and press conference Friday — OPEC and non-OPEC oil ministers meet in Vie... Read more
2d
San Antonio Express-News
As petrodollars dry up, weary Angolans ship BMWs to Portugalagainst what many expect to be a precipitous decline in the kwanza. Angola, Af
San Antonio Express-News / Posted 2 days ago
against what many expect to be a precipitous decline in the kwanza. Angola, Africa's second-largest oil producer and an OPEC member, was one of the world's fastest-growing economies for about a decade after a civil war ended in 2002. Flush with... Read more
2d
The Economic Times
Fuel price pinching? This is what global oil market trend signals for the days aheadin thrall. The increase was buoyed by higher demand forecasts from the Internat
The Economic Times / Posted 2 days ago
in thrall. The increase was buoyed by higher demand forecasts from the International Energy Agency and expectations OPEC and its partners will extend output cuts beyond the March expiration date of their deal. “The narrative in the market... Read more
2 related articles
2d
The Economic Times
SBI Life IPO, 3 listings and Fed review: What does an event-packed week hold for equity marketattributed to the two hurricanes that have damaged US oil refining infrastructu
The Economic Times / Posted 2 days ago
attributed to the two hurricanes that have damaged US oil refining infrastructure and also a disciplined output cut by the Opec. Analysts say the near-term action in oil prices will depend on how prolonged will be the impact of Hurricane Harvey on... Read more
2d
Australian Broadcasting Corporation
This week in finance: Is it time for the Fed start shrinking its $US4.5 trillion balance sheet?shaping up to be a quiet week. Data and the calendar here and overseas is all
Australian Broadcasting Corporation / Posted 2 days ago
shaping up to be a quiet week. Data and the calendar here and overseas is all very ho-hum. One interesting item maybe the OPEC meeting in Vienna on Wednesday assessing how the self-imposed 1.8 million a barrel a day cut in oil production is... Read more
3d
Zero Hedge
Suddenly, "De-Dollarization" Is A Thingto add the new oil futures contract traded in China in Yuan with the gold backi
Zero Hedge / Posted 3 days ago
to add the new oil futures contract traded in China in Yuan with the gold backing will lead to a dramatic shift by key OPEC members, even in the Middle East, to prefer gold-backed Yuan for their oil over inflated US dollars that carry a... Read more
3 related articles
3d
Gulf News
Forum to address impact of latest developmentsnational and international oil companies. They will also emphasise whether rece
Gulf News / Posted 3 days ago
national and international oil companies. They will also emphasise whether recent tensions could undermine the coherence of Opec actions.Implications of a possible reversal in climate change commitments and how they be avoided will also be debated... Read more
3d
Greeley Tribune
Futures File: Oranges decimated; a whole lot of corn; military threat boosts oilin the coming months. Crude oil prices are nearing a four-month high as global
Greeley Tribune / Posted 3 days ago
in the coming months. Crude oil prices are nearing a four-month high as global oil production slides and threats abound. OPEC nations have largely kept their promises to cut production, and U.S. drillers have begun to show signs of slowing down... Read more
4 related articles
3d
Business Insider
Why the massive Saudi Aramco IPO was delayedoil price. A higher price setting—above $60 per barrel—would surely drive up th
Business Insider / Posted 3 days ago
oil price. A higher price setting—above $60 per barrel—would surely drive up the overall interest in the IPO. As long as OPEC and non-OPEC members, such as Russia, are still struggling to get a grip on the oil market, the potential for disaster... Read more
9 related articles
4d
Zero Hedge
Yesterday's "Watershed" Central Bank Announcement Which Everybody Missed"new supply paradigm" in retail (where even FOMC members now blame Amazon for l
Zero Hedge / Posted 4 days ago
"new supply paradigm" in retail (where even FOMC members now blame Amazon for lack of inflation) and energy (same but with OPEC) which appears to be gaining traction within central banks, as well as frustration with distortion in asset markets, It... Read more
4d
Market Watch
Here’s why oil prices bounced back so fast from Hurricane Harveyin August. The Paris-based agency also raised its oil demand outlook for this y
Market Watch / Posted 4 days ago
in August. The Paris-based agency also raised its oil demand outlook for this year. Meanwhile, news reports said that OPEC heavyweight Saudi Arabia is floating the idea of extending the output-cut pact past March of next year. “The recent... Read more
4d
Greencastle Banner-Graphic
Florida Oranges DecimatedLaunches to New High Crude oil prices are nearing a four-month high as global
Greencastle Banner-Graphic / Posted 4 days ago
Launches to New High Crude oil prices are nearing a four-month high as global oil production slides and threats abound. OPEC nations have largely kept their promises to cut production, and U.S. drillers have begun to show signs of slowing down... Read more
4 related articles
4d
Fort Wayne Journal Gazette
Florida oranges decimatedlaunches to new high Crude oil prices are nearing a four-month high as global
Fort Wayne Journal Gazette / Posted 4 days ago
launches to new high Crude oil prices are nearing a four-month high as global oil production slides and threats abound. OPEC countries have largely kept their promises to cut production, and U.S. drillers have begun to show signs of slowing down... Read more
4 related articles
4d
Reuters
Oil holds near five-month high in most bullish week since Julyforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
Reuters / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report from the International Energy Agency (IEA)... Read more
118 related articles
4d
FOX Business
Oil holds near five-month high in most bullish week since Julyforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
FOX Business / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report from the International Energy Agency (IEA)... Read more
118 related articles
4d
FOX Business
Oil holds near five-month high in most bullish week since Julyforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
FOX Business / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report from the International Energy Agency (IEA)... Read more
118 related articles
4d
Zero Hedge
Why Saudi Aramco Delayed Its IPOoil price. A higher price setting—above $60 per barrel—would surely drive up th
Zero Hedge / Posted 4 days ago
oil price. A higher price setting—above $60 per barrel—would surely drive up the overall interest in the IPO. As long as OPEC and non-OPEC members, such as Russia, are still struggling to get a grip on the oil market, the potential for disaster... Read more
9 related articles
4d
FOX Business
Oil near five-month high in most bullish week since Julyforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
FOX Business / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report by the International Energy Agency (IEA)... Read more
118 related articles
4d
FOX Business
Oil near five-month high in most bullish week since Julyforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
FOX Business / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report by the International Energy Agency (IEA)... Read more
118 related articles
4d
Zero Hedge
Markets Ignore North Korea Missile Launch; Send Pound Soaring, Yen TumblesSterling. In commodities, WTI oil increased 1.20%, building on the momentum fro
Zero Hedge / Posted 4 days ago
Sterling. In commodities, WTI oil increased 1.20%, building on the momentum from higher demand forecasts from IEA and OPEC yesterday as well as OPEC members voicing a preference to the extension to production cuts. Elsewhere, precious metals... Read more
4 related articles
4d
Reuters
Oil near five-month high in most bullish week since Julyforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
Reuters / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report by the International Energy Agency (IEA)... Read more
118 related articles
4d
FOX Business
Oil falls as markets dip on North Korea tensionsforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
FOX Business / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report by the International Energy Agency (IEA)... Read more
118 related articles
4d
FOX Business
Oil falls as markets dip on North Korea tensionsforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
FOX Business / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. Continue Reading Below That was followed by a report by the... Read more
118 related articles
4d
Reuters
Oil falls as markets dip on North Korea tensionsforecast higher demand for its oil in 2018 and pointed to signs of a tighter gl
Reuters / Posted 4 days ago
forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its deal with non-OPEC states to cut output is helping tackle a glut. That was followed by a report by the International Energy Agency (IEA)... Read more
118 related articles
4d
Business Standard India
ONGC, Oil India trade firm on rising crude oil pricesand a third consecutive weekly rise,” the Reuters report suggests. The Organiz
Business Standard India / Posted 4 days ago
and a third consecutive weekly rise,” the Reuters report suggests. The Organization of the Petroleum Exporting Countries (OPEC) this week forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its... Read more
More

In this news