OPEC

OPEC

If OPEC Blinks and Cuts Production, Buy These Top Oil Stocks at Once

It finally hit the tape Tuesday. There was some chatter that the OPEC oil cartel finally has started to let it be known that it would reduce production if other ...
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OPEC

OPEC Raises 2016 Oil Demand Estimate, Forecasts More Balanced Market

In its Monthly Oil Market Report for December, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket fell 17% ...
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OPEC Expects $95 Oil in 2040

The last time the price of a barrel of OPEC crude stood at $95 was in the summer of 2014. The next time the price will reach that level is ...
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‘Freewheeling’ OPEC Policy Is Working: IEA

The International Energy Agency (IEA) issued its monthly Oil Market Report on Friday morning. In the December report the IEA said that November's global crude oil supply rose by 50,000 ...
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OPEC

OPEC Does Nothing — Again

The Organization of the Petroleum Exporting Countries (OPEC) concluded its semi-annual meeting Friday in Vienna with a press release congratulating Nigeria's new minister of state for oil and announcing the ...
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OPEC Oil Production Declined in October

Production drops in Saudi Arabia and Iraq were the primary reasons for a decline of 120,000 barrels a day in crude oil production among the 12 members of the Organization ...
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OPEC Lowers US Production Totals Again

The Organization of the Petroleum Exporting Countries (OPEC) released its October Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by another 40,000 ...
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OPEC Predicts Oil Price Rebound Soon

The massive drop in crude oil prices over the past year is about to end, according to the secretary general of the Organization of the Petroleum Exporting Countries (OPEC) Abdalla Salem el-Badri. ...
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OPEC Forecasts Lower US Production

The Organization of Petroleum Exporting Countries (OPEC) released its September Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by another 84,000 barrels ...
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Crude Oil Jumps on OPEC Bulletin

Crude oil prices jumped Monday morning and blasted even higher through the noon hour to hit a daily high near $49 a barrel on West Texas Intermediate (WTI) for October ...
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OPEC’s Oil Price War Not Working Out So Well — for OPEC

The Organization of Petroleum Exporting Countries (OPEC) released its August Oil Market Report Tuesday morning and the cartel raised its forecast of 2015 global demand growth by 90,000 barrels a ...
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Oil spill

Crude Drops to 52-Week Low

The price of a barrel of crude oil fell below $44 in NYMEX electronic trading Friday, and there really does not seem to be any reason to think the bottom ...
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OPEC Forecasts Crude Oil Demand Growth for 2015 and 2016

The Organization of Petroleum Exporting Countries (OPEC) released its July Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by 100,000 barrels a ...
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Oil Tanker

IEA Expects Global Demand Drop

The International Energy Agency (IEA) expects a perfect storm will push down oil prices. Global demand will fall, just as OPEC production rises. Oil prices, now below $60, could make ...
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OPEC Revenues Tumble Below $1 Trillion in 2014

The value of the oil exported by the 12 member nations of the Organization of the Petroleum Exporting Countries (OPEC) fell from $1.112 trillion in 2013 to $993.3 billion last ...
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