OPEC
OPEC Articles
Last year, the value of the oil exported by the 12 member nations of the Organization of the Petroleum Exporting Countries (OPEC) fell below a trillion dollar for the first time since 2010.
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In the week ended June 12, the number of rigs drilling for oil in the United States fell to 635, according to Baker Hughes.
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In its June report, the International Energy Agency said that May's global crude oil supplies fell by 155,000 barrels a day.
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The Organization of Petroleum Exporting Countries (OPEC) released its June Oil Market Report Wednesday morning.
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The price of the Organization of the Petroleum Exporting Countries (OPEC) reference basket of crude oils rose to $62.15 a barrel in May.
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April's global crude oil supplies were flat with March supplies as higher output from OPEC offset a drop in non-OPEC supplies, particularly in the United States.
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OPEC released its May Oil Market Report Tuesday morning, and the cartel said that demand will rise by 1.18 million barrels a day in 2015.
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The strategy that the Organization of Petroleum Exporting Countries (OPEC) outlined last November has taken hold with a vengeance.
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The Organization of Petroleum Exporting Countries (OPEC) was formed in September of 1960 with five founding members.
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In its Annual Energy Outlook 2015 published on Tuesday, the U.S. Energy Information Administration (EIA) projected the country's energy demand and supply out to 2040.
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OPEC says that unbridled competition within the oil industry has cost 100,000 jobs. But are its comments self-serving?
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In 1970 a barrel of crude oil averaged about $13 a barrel. Adjusted for inflation, that same barrel of oil should cost about $78 today.
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OPEC's February Oil Market Report indicates that demand will rise in 2015, reflecting higher demand in the developed nations of the west.
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The Bank for International Settlements has released an update to its report on global liquidity conditions, and it is safe to say that the members of OPEC are not likely to be impressed with its...
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OPEC)said Monday that if producers fail to invest in developing new supplies, crude oil prices could rise as high as $200 a barrel.
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