OPEC
OPEC Articles
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,...
Published:
Last Updated:
ThinkstockOne of the best ways to assure that the American consumer has more money to spend is have a significant decline in the price of crude oil. After trading up to $110 back in the spring, West...
Published:
ThinkstockIn its monthly Short-term Energy Outlook (STEO) published today, the U.S. Energy Information Administration (EIA) said it expects the net import share of U.S. oil consumption to drop to 40%...
Published:
Last Updated:
ThinkstockIn its Monthly Oil Market report released today, the Organization of Petroleum Exporting Countries (OPEC) forecast that demand for the cartel’s crude oil would fall from 30.1 million...
Published:
ThinkstockIn its latest World Oil Outlook released today, the Organization of Petroleum Exporting Countries (OPEC) is forecasting that demand for energy will rise 54% by 2035. Fossil fuels, including...
Published:
The Organization of Petroleum Exporting Countries (OPEC) has been reviewing candidates to replace Libya’s Abdalla el-Badri as secretary general of the organization. A panel comprised of junior OPEC...
Published:
The Organization of Petroleum Exporting Countries (OPEC) today released its monthly report for September. For the month of August, the demand growth forecast for crude oil remained at 900,000 barrels...
Published:
courtesy International Energy AgencyThe International Energy Agency (IEA) today released its monthly report for July. Yesterday we got OPEC’s take on the state of the oil market, and the day before...
Published:
Last Updated:
In its monthly Oil Market Report released today, OPEC projects that demand for crude would rise by an average of 900,000 barrels/day in 2012 and that growth would decline to 800,000 barrels/day in...
Published:
Oil remained near an eight-month low, ahead of a meeting of OPEC ministers. The market continues to gamble that Saudi Arabia, the most powerful member of the cartel, will prevail in its plan to keep...
Published:
The International Energy Agency (IEA) this morning released its monthly oil market report, and as usual, there is some variation from the report that came out yesterday from OPEC. The IEA claims OPEC...
Published:
Last Updated:
OPEC’s Monthly Oil Market Report was released this morning and it showed that total crude oil production from OPEC member nations rose to 32.96 million barrels/day in April. That’s a rise of...
Published:
There are reports that Saudi Arabia may battle with its fellow OPEC members over near term oil production. The Saudis have supported high exports recently, which has helped the price of crude to drop...
Published:
The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about...
Published:
In the May version of OPEC’s monthly Oil Market Report, the cartel keeps its previously forecast global demand total for 2012 at just under 89 million barrels/day. Demand is growing in Japan where...
Published: