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OPEC Articles
U.S. crude oil prices dropped below $53 barrel following a jump of more than 9 million barrels in the country's inventory, the highest total since records began being kept in 1982.
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International Energy Agency report indicates 90% compliance with OPEC production cut. Oil traders are buying barrels on the news.
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IEA reports global oil production in December fell by 600,000 barrels a day. Increased production by non-OPEC countries is expected to add 385,000 barrels a day to 2017 production.
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Crude oil production dropped by 221,000 barrels a day among OPEC producers, according to the cartel's December oil market report.
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U.S. commercial crude inventories increased by 600,000 barrels last week, according to the U.S. Energy Information Administration.
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In the week ended December 23, the number of rigs drilling for oil in the United States totaled 523, according to the latest Baker Hughes North American Rotary Rig Count.
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U.S. commercial crude inventories decreased by more than 2 million barrels last week, according to the U.S. Energy Information Administration.
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In its Monthly Oil Market Report for November, OPEC noted that its price for its reference basket fell by 10% last month.
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What is amazing is that some of these offshore drilling and exploration stocks have kept rallying even in the face of what might be an overbought chart pattern.
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Given the encouragement rising oil prices have on U.S. producers and the historical difficulty OPEC has had enforcing quotas, and there is sufficient reason to rein in the current enthusiasm for...
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Many key brokerage firms made upgrades to the oil patch stocks after OPEC's production cuts were announced. Others hiked price targets, even if their ratings were kept the same.
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In the week ended December 2, the number of rigs drilling for oil in the United States rose to 477, according to the latest Baker Hughes North American Rotary Rig Count.
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Crude oil prices have added about $5 a barrel since Wednesday's announcement from OPEC that the cartel had reached an agreement to slice more than a million barrels a day from production.
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Many top oil stocks have risen handily. Where the moves look really crazy is in the more speculative second-tier stocks, which are either not as strong in the balance sheet or are still down...
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U.S. commercial crude inventories decreased by 900,000 barrels last week, according to the latest U.S. Energy Information Administration petroleum status report.
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