OPEC
OPEC Articles
A court halts building of the Keystone XL Pipeline, OPEC might be broken up, e-cigarettes might be harder to buy, and other important business headlines.
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U.S. crude oil inventories rose by much more than expected last week and have added to the decline that was already happening in crude oil prices.
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China's ownership of U.S. Treasuries falls to the lowest level in over a year, Uber could be valued at $120 billion in an IPO, and other important business headlines.
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In its monthly Oil Market Report for October, OPEC lowered its demand forecast for both 2018 and 2019, adding strength to the cartel's contention that there's plenty of oil to meet demand.
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Saudi Arabia and Russia had already agreed to increase oil production ahead of the OPEC ministers meeting on September 23 in Algiers. The increase was never announced, but it appears to be happening...
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Crude oil prices have jumped by more than 2% Monday following an OPEC announcement on Sunday that the cartel and its partners are satisfied that the market is doing just fine. How long will that last?
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Stock buybacks are among the reasons corporate earnings are so strong, Dell may have an initial public offering, and other important business headlines.
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OPEC's monthly oil market report for September shows higher August production from cartel members and includes slight declines in growth estimates for both this year and next.
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OPEC oil production rose by more than 40,000 barrels a day in the month of July, even including a cut of around 200,000 barrels by Saudi Arabia.
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The OPEC agreement reached last month to raise crude oil production was likely a pro forma deal arranged months before when the United States pulled out of the nuclear deal with Iran.
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The number of U.S. land-based rigs drilling for oil dropped by one this week. Prices jumped earlier this morning on news that OPEC and its partners are raising production by about 600,000 barrels a...
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Sources say that OPEC oil ministers meeting in Vienna have reached a tentative agreement on raising production by 600,000 barrels, less than expected or hoped for.
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Smith & Wesson sales are off, OPEC may be close to a production deal, the United States could become the top producer of oil, and other important headlines.
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U.S. crude oil inventories fell more than expected but production of gasoline and distillates more than offset the drop. Exports of both crude and refined products rose sharply in the week as well.
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The number of U.S. land-based rigs drilling for oil rose by 1 for the second consecutive week. Rigs drilling for natural gas dropped and the total rig count for the week came in at 1,059, down 3...
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