OPEC
OPEC Articles
The price for crude Monday morning is about $46 a barrel, and where it goes from there depends on the outcome of a meeting of OPEC oil ministers scheduled for Wednesday in Vienna.
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If OPEC does agree on production cuts, oil should see a pop in the spot price and the top companies in the sector could jump as well.
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In the week ended November 23, the number of rigs drilling for oil in the United States totaled 474, up by 3 compared with the prior week and a total of 555 a year ago. Including 118 other rigs...
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The OPEC meeting on November 30 could result in a cut of nearly 2% to the world’s daily output if Saudi Arabia gets its way. The Saudis are pushing a cut to daily production to a ceiling of...
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In the week ended November 11, the number of rigs drilling for oil in the United States totaled 471, up by 19 compared with the prior week and a total of 564 a year ago. Including 116 other rigs...
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In the week ended November 4, the number of rigs drilling for oil in the United States totaled 452, up by 2 compared with the prior week and a total of 574 a year ago. Including 115 other rigs...
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In its Monthly Oil Market Report for October, released Friday morning, OPEC noted that the price for its reference basket rose by more than 11% last month.
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The the number of rigs drilling for oil in the United States has risen to 443, according to the latest Baker Hughes North American Rotary Rig Count.
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There are 539 working rigs in the country, according to the latest Baker Hughes North American Rotary Rig Count.
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Oil markets have begun to price in a crude oil production cut of as much as a million barrels a day.
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For the first time in three months, the price of a barrel of West Texas Intermediate (WTI) crude oil appears set to close above $50. WTI for November delivery reached an intraday high of $50.51 and...
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The number of rigs drilling for oil in the United States rose to 425 last week, according to the Baker Hughes North American Rotary Rig Count.
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OPEC members agreed a production cut and the price of oil has responded to the news.
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In its Monthly Oil Market Report for August, released Monday morning, OPEC noted that its price for its reference basket rose by less than 1%.
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On the sidelines of the G20 summit meeting in Hangzhou, the Russian and Saudi Arabian oil ministers met and agreed to create a producers’ group that would meet regularly to monitor the oil...
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