OPEC
OPEC Articles
It looks like the crude oil market is getting set to once again tempt investors and traders with higher prices, only to pull the football away at the last instant.
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24/7 Wall St. screened the Merrill Lynch research universe for the oil stocks that look well prepared for 2016 and could benefit big if prices start to trend higher.
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In its Monthly Oil Market Report for December, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel’s price for its reference basket fell 17%...
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The last time the price of a barrel of OPEC crude stood at $95 was in the summer of 2014. The next time the price will reach that level is 25 years from now, says the cartel.
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The International Energy Agency (IEA) issued its most recent monthly Oil Market Report on Friday morning.
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OPEC's strategy of maintaining market share regardless of price continues to cut new exploration and development budgets in the United States and has begun to slow U.S. production.
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Production drops in Saudi Arabia and Iraq were the primary reasons for a decline in crude oil production among the 12 members of OPEC.
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Wikimedia CommonsThe Organization of the Petroleum Exporting Countries (OPEC) released its October Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by...
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The massive drop in crude oil prices over the past year is about to end, according to OPEC, which did not say how soon or how big.
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OPEC released its September Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth to nearly 1.5 million barrels a day.
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Crude oil prices jumped Monday morning and blasted even higher through the noon hour to hit a daily high near $49 a barrel.
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OPEC released its August Oil Market Report Tuesday morning, which confirms that production continues to outstrip demand and will continue to do so through 2016.
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The price of a barrel of crude oil fell below $44 in NYMEX electronic trading Friday, and there really does not seem to be any reason to think the bottom is in sight.
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OPEC released its July Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth to 1.28 million barrels a day.
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The International Energy Agency (IEA) expects a perfect storm will push down oil prices. That is good news for the U.S. economy.
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