OPEC

The drone attack on Saudi Arabia's Abqaiq facility has pushed share prices of U.S. oil and gas companies up sharply. The gains are unlikely to last
Paul Ausick
OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020.
Paul Ausick
Over the weekend, Saudi King Salman bin Abdulaziz appointed a new oil minister who will join with a new leader of the country's national oil company in an effort to lift oil prices by at least $15 a...
Paul Ausick
The OPEC Monthly Oil Market Report for August was released today. It didn't make much noise when it landed.
Paul Ausick
Although demand from crude oil is expected to rise over the next several quarters, the size of the increase is shrinking. And OPEC is not going to be able to turn that situation around by reducing...
Paul Ausick
The OPEC ministers meeting in Vienna dutifully rubber-stamped an agreement made last week at the G-20 meeting in Osaka between Russia and Saudi Arabia.
Paul Ausick
The OPEC ministers semi-annual meeting begins Tuesday, but the outcome was announced last Saturday in Japan.
Paul Ausick
Oil has long been a key barometer for a real-time reading on the global economic picture. There may be a move to clean energy and renewables, but oil still dominates the energy world.
Jon C. Ogg
Saudi Arabia and Venezuela posted sharp oil production cuts in February, helping boost the price for OPEC barrels up by 3%.
Paul Ausick
The CEO of Rosneft reportedly has complained to Russian President Vladimir Putin that going along with OPEC production cuts is a "strategic threat and plays into the hands of the United States."
Paul Ausick
A bipartisan group of four U.S. Senators introduced legislation that would give the U.S. Department of Justice authority to sue members of the OPEC for antitrust violations. How good are its chances...
Paul Ausick
The International Energy Agency released its monthly Oil Market Report Friday morning, noting a significant drop in Saudi Arabian production in December with more cuts promised. How that will play...
Paul Ausick
The International Energy Agency on Thursday released its monthly oil market report for December. The agency expects demand to rise both this year and next. Record-level U.S. production could keep...
Paul Ausick
The U.S. commercial crude oil inventory dropped by more than 1 million barrels last week, a far smaller drop than reported Tuesday night by the American Petroleum Institute. The price of crude...
Paul Ausick
In its monthly oil market report for December, OPEC lowered its demand estimates for both this year and next by about a million barrels a day.
Paul Ausick