OPEC
OPEC Articles
There is an agreement among Saudi Arabia, Russia, Venezuela and Qatar that the four producing nations would freeze output at January levels.
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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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