OPEC

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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Crude Prices Tumble Ahead of US Inventory Report

The price for a barrel of West Texas Intermediate (WTI) crude oil for July delivery tumbled more than 3.7% Wednesday morning to a low of $47.79, a four-week low. The ...
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IEA Oil Market Report Sees Bumpy Road to Rebalancing

In its monthly Oil Market Report for May released Tuesday morning, the International Energy Agency (IEA) said that global crude supplies fell by 144,000 barrels per day in April, primarily ...
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Oil Surges Back Toward $50

Members of the Organization of Petroleum Exporting Countries (OPEC) and Russia may have made a deal to extend production cuts in hopes of reducing the world's oil stockpiles. In theory, this should ...
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OPEC, Russia Want Longer Period of Production Cuts

The whole idea behind the crude oil production cuts initiated by the Organization of the Petroleum Exporting Countries (OPEC) and its 11 non-member partners, including Russia, was to slice 1.8 ...
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Why Merrill Lynch Sees Exxon and Noble Outperforming Chesapeake and Other Energy Leaders

Now that many of the nation's biggest energy producers have reported first-quarter results, analysts are reevaluating their ratings and price targets on sector's stocks. The rebalancing of the crude oil ...
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Why Oil Could Drop to $40 a Barrel

The six-month production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC partners boosted the price of crude oil by about $10 a barrel to ...
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OPEC Crude Oil Production Unchanged in April: Platts

The 10 members of the Organization of the Petroleum Exporting Countries (OPEC) that have agreed to restrict production through June produced 31.85 million barrels of oil per day in April, ...
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