OPEC
OPEC Articles
The dramatic production increase from U.S. shale plays in North Dakota, Montana and Texas have had little impact on the amount of oil produced by members of OPEC. However, the cartel does face a...
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ThinkstockThis weekend’s deal with Iran could be a monumental shift of the international tides. Unfortunately, it could also be a monumental mistake as some international leaders have voiced. 24/7...
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ThinkstockIn the 2013 edition of its World Oil Outlook, the Organization of Petroleum Exporting Countries (OPEC) said that it expects the nominal price of its reference basket to average $110 a...
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ThinkstockThe International Energy Agency (IEA) today lowered its oil demand growth forecast from 930,000 barrels a day in 2013 to 900,000 barrels a day and cut demand growth for 2014 from its...
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ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) earned $982 billion in net oil export revenues in 2012 according to the latest report from the U.S. Energy Information...
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ThinkstockThe recent spike in the price of oil shows how quickly day-to-day worries about supply make longer-term supply issues academic. After months of comments and analysis about how shale and...
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ThinkstockIn the July release of its Oil Market Report, the Organization of Petroleum Exporting Countries (OPEC) for the first time estimates that demand for the cartel’s crude will decline in...
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thinkstockThe Organization of Petroleum Exporting Countries (OPEC) produced 30.46 million barrels of crude every day last month, well above its agreed quota of 30 million barrels a day. The message:...
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ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its May Oil Market Report this morning. The cartel did not materially change its forecast for global demand growth of...
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ThinkstockSince early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of sharply...
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ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its April Oil Market Report this morning. The cartel did not change its forecast for global demand growth of 800,000...
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ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its March Oil Market Report this morning. The cartel did not change its forecast for global demand growth of 800,000...
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thinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its monthly Oil Market Report this morning and raised its forecast for demand growth in 2013 to 89.7 million barrels a day,...
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ThinkstockBy. Daniel J. Graeber of Oilprice.com The Organization of Petroleum Exporting Countries in its report for January said the United States in 2013 may post the highest oil supply increase...
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thinkstockWith the average price of Brent crude in 2012 pointed at a record high of $111.50 a barrel, it is probably no surprise that the Organization of Petroleum Exporting Countries, aka OPEC,...
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