Tag: OPEC
OPEC’s mission to bolster oil market enters make-or-break phase
(Bloomberg) The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase. Saudi Arabia, Russia and other...
Oil prices dive 4% as OPEC meeting ends with no details...
(CNBC) Oil prices tumbled 4 percent on Thursday as OPEC reportedly agreed to cut production, but ended its closely-watched meeting without a decision on...
IEA urges OPEC to open the taps as oil market enters...
(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting...
Oil falls after Trump criticizes OPEC for artificially high prices
(Reuters) - Oil prices fell on Friday after U.S. President Donald Trump criticized OPEC and said oil prices were artificially high, but they were...
OPEC’s moves to determine fate of oil markets in 2018
After a volatile 2017, oil markets turn towards 2018 and the topics that will dominate the next 12 months. Below Stratas Advisors sorted the...
Oil prices slip on OPEC deal extension jitters
(Reuters) - Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension...
Oil heads for two-year high as U.S. stocks shrink ahead of...
Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles resumed declines and as investors...
As Venezuela pumps below OPEC target, oil rivals begin filling gap
(Reuters) - As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the...
OPEC predicts global oil demand will surpass 100 million bpd by...
The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over the next two decades,...
Oil price hit a 28-month high
Oil price hit a 28-month high last week due to expectations on the OPEC/non-OPEC output-cut agreement and concerns about the political tensions in Saudi Arabia. Last...