Tag: OPEC

(Reuters) - Oil will likely rally into 2018 with periods of volatility as an anticipated extension of OPEC-led output restrictions offsets higher U.S. production,...

OPEC Secretary General Mohammad Sanusi Barkindo, has signaled optimism that the international oil market is rebalancing itself at an accelerated pace and that there...

(Bloomberg) - Ministers from OPEC and its allies look set to keep everyone waiting longer for confirmation of further action to rebalance the oil...

(Reuters) - OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a...

Ecuador has become the first country to publicly admit it will not meet OPEC’s production curbs, saying it needs to pump more oil to...

Guyana’s private sector is set to benefit from new avenues for finance and investments with the signing of an Agreement for Encouragement and Protection...

Guyana will soon be signing onto the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development (OFID). The country’s Finance Minister, Winston Jordan, will...

(Reuters) Oil prices fell more than 1% on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports and a...

Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year as the country’s...

Brent oil fell below $50 today, as concerns about the impact U.S. President Donald Trump's decision to exit the Paris climate agreement could have...