OPEC

6 Most Important Things in Business Today

S&P has issued a report that said Venezuela was in default. According to Bloomberg: Venezuela’s grand gathering with creditors Monday lasted all of 30 minutes and didn’t produce anything of ...
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OPEC Reports October Production Fell, Prices at Multiyear High

In its Monthly Oil Market Report for November, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket rose ...
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OPEC World Oil Outlook: Higher Demand, More Competition From Electric Vehicles

The Organization of the Petroleum Exporting Countries (OPEC) released the 2017 version of its World Oil Outlook Tuesday morning. Perhaps the most interesting projection in the new Outlook calls for ...
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6 Most Important Things in Business Today

"Jigsaw" was the biggest winner at last week's box office. According to Box Office Mojo: With an estimated $16.25 million, Lionsgate's Jigsaw brought the Saw franchise back to the big ...
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6 Most Important Things in Business Today

OPEC is trying to convince Russia to continue to participate in a program to raise oil prices. Alphabet Inc.'s (NASDAQ: GOOGL) Google released a series of smartphones, speakers, earbuds and ...
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Crude Oil Price Ticks Higher; US Exports Soared Last Week

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 6 million barrels last week, maintaining a total ...
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OPEC Meeting Ends With No Extension to Production Cuts

The Organization of the Petroleum Exporting Countries (OPEC) ended its meeting in Vienna Friday by noting that the cartel and its oil-producing partners have been successful in draining 170 million ...
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Crude Oil Finally Dropped in August: IEA

In its monthly Oil Market Report for September released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies fell by 720,000 barrels per day in August, the ...
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OPEC Reports Higher Output and Higher Prices for July

In its Monthly Oil Market Report for August, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose to ...
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Saudi Arabia Takes Brunt of New OPEC Restrictions

It's no secret that the production cuts initiated in January by the Organization of Petroleum Exporting Countries (OPEC), Russia and their allies have done little to raise the price of crude ...
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Crude Oil Price Rises Ahead of Inventory Report as Dollar Falls

On Wednesday the U.S. Energy Information Administration (EIA) will report the status of the country's commercial inventories of crude oil and refined petroleum products. Oil traders are behaving Tuesday as ...
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Crude Oil Production Soared in June: IEA

In its monthly Oil Market Report for July released Thursday morning, the International Energy Agency (IEA) said that global crude supplies rose by a whopping 720,000 barrels per day in ...
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6 Most Important Things in Business Today

A French court dismissed a 1.3 billion tax bill levied on Alphabet Inc. (NASDAQ: GOOGL). Global PC shipments dropped 4.3% in the second quarter, according to research firm Gartner: Worldwide PC ...
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OPEC Reports Higher Output, Lower Prices in June

In its Monthly Oil Market Report for June, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket fell to ...
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Russian Refusal to Cut Production Further Ends Run-Up in Crude Prices

After a week of steady gains in the August delivery price for benchmark West Texas Intermediate (WTI) crude oil, a report that Russia would not cooperate with either a second ...
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