OPEC
OPEC Articles
On any given day in 2013, nearly 40 million barrels of crude oil were being exported from a producing country to a consuming country.
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OPEC released its December Oil Market Report Wednesday morning, and the cartel said that demand will fall and supply will rise in 2015.
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ThinkstockWest Texas Intermediate (WTI) crude oil for January delivery tumbled below $66 a barrel on Friday and closed at $66.15, down 10.5%, the lowest settlement in five years. Brent crude slipped...
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ThinkstockFor some reason, analysts and traders seemed to think that Saudi Arabia did not mean what it said when it announced in October that the country didn’t care if the price of crude fell to...
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Tumbling oil futures combined with a very bad market are putting some top energy stocks on sale.
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With the price of Brent Crude down to around $90 a barrel, the question on most everyone’s mind is, “When will oil find a floor?”
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ThinkstockThe Secretary General for the Organization of the Petroleum Exporting Countries (OPEC), H.E. Abdalla Salem El-Badri, issued a statement to the International Monetary Fund (IMF) on...
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A report from Reuters that OPEC had increased its output to a level not seen in nearly two years, combined with a stronger dollar, torched crude prices.
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In its monthly Oil Market Report for September, OPEC lowered its estimate of demand growth for 2014 and 2015.
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ThinkstockAn improving global economic forecast for 2015 has led to projected demand growth for crude oil of 1.4 million barrels a day. That was up from estimated growth of 1.2 million barrels a day...
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ThinkstockThe turmoil in Iraq is raising concerns about the ability of the country to continue delivering about 3.3 million barrels of crude a day to the global supply. Iraq is currently the...
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ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its Monthly Oil Market Report Wednesday morning, and the headline number is an increase of 50,000 barrels a day to the...
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ThinkstockIn the February issue of its Monthly Oil Market Report, the Organization of Petroleum Exporting Countries (OPEC) has increased its estimate of global crude oil demand by 50,000 barrels a...
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ThinkstockThe Organization of Petroleum Exporting Companies (OPEC) has lost its mojo. Actually, it’s been disappearing for years and most people are just beginning to notice. The cartel has not...
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ThinkstockAt the final meeting for 2013 of the Organization of Petroleum Exporting Countries (OPEC), Iran’s oil minister has threatened to increase his country’s output even if prices drop to $20...
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