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OPEC

  • Oil Gains on Continued OPEC+ Cuts and US Stocks Draw
    Oil Gains on Continued OPEC+ Cuts and US Stocks Draw
    LONDON—Oil prices extended gains on Feb. 4 after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new U.S. ...
    February 4, 2021BY Reuters
  • OPEC Crude Output Cuts Should Help US Shale Profits in 2021
    OPEC Crude Output Cuts Should Help US Shale Profits in 2021
    HOUSTON—A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present ...
    January 11, 2021BY Reuters
  • OPEC+ Sees Oil Cut Extension Curbing 2021 Rise in Oil Stocks, Document Shows
    OPEC+ Sees Oil Cut Extension Curbing 2021 Rise in Oil Stocks, Document Shows
    OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three ...
    November 20, 2020BY Reuters
  • Oil Falls as OPEC+ Set to Boost Output
    Oil Falls as OPEC+ Set to Boost Output
    LONDON—Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe ...
    August 3, 2020BY Reuters
  • Oil Falls as Expectations Rise for OPEC to Ease Production Cuts
    Oil Falls as Expectations Rise for OPEC to Ease Production Cuts
    Oil prices dipped July 13 as traders considered factors such as a surge in COVID-19 infections globally and ...
    July 13, 2020BY Tom Ozimek
  • IEA Raises 2020 Oil Demand Forecast but Warns COVID-19 Clouds Outlook
    IEA Raises 2020 Oil Demand Forecast but Warns COVID-19 Clouds Outlook
    LONDON—The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the ...
    July 10, 2020BY Reuters
  • Oil Demand Rebound Expected to Break Records Next Year
    Oil Demand Rebound Expected to Break Records Next Year
    While the CCP (Chinese Communist Party) virus pandemic has dealt a body blow to global oil demand in ...
    June 16, 2020BY Alan McDonnell
  • Oil Price Rally Falters as US Shale Producers Weigh Reopening
    Oil Price Rally Falters as US Shale Producers Weigh Reopening
    Oil prices fell to around $40 per barrel in early trading on Wednesday after reports that American Petroleum ...
    June 10, 2020BY Alan McDonnell
  • Oil Prices Surge on Firmer Demand, Reduced Supply
    Oil Prices Surge on Firmer Demand, Reduced Supply
    Following a shock selloff in U.S. oil futures last month that saw prices dive into negative territory, oil ...
    May 20, 2020BY Tom Ozimek
  • The Oil Market Is Broken
    The Oil Market Is Broken
    Commentary The Organization of the Petroleum Exporting Countries (OPEC) and its partners have been cutting production since September ...
    April 28, 2020BY Daniel Lacalle
  • Larry Kudlow Says Oil Will Bounce Back as Lockdowns Lift and Economy Restarts
    Larry Kudlow Says Oil Will Bounce Back as Lockdowns Lift and Economy Restarts
    White House economic advisor Larry Kudlow told CNBC on Wednesday that he expects the price of oil to ...
    April 22, 2020BY Tom Ozimek
  • Oil War Shifts to Price Slashing as Crude Demand Plummets
    Oil War Shifts to Price Slashing as Crude Demand Plummets
    The International Energy Agency (IEA) said this week that global oil demand will fall by the highest amount ...
    April 17, 2020BY Alan McDonnell
  • Oil Expert: Trump Seals His ‘Biggest and Most Complex Deal’
    Oil Expert: Trump Seals His ‘Biggest and Most Complex Deal’
    WASHINGTON—Oil-producing nations reached an agreement over the weekend to reduce output by a record amount, ending a weeks-long ...
    April 13, 2020BY Emel Akan
  • Oil Prices Broadly Shrug Off Output Cut as Demand Worries Weigh
    Oil Prices Broadly Shrug Off Output Cut as Demand Worries Weigh
    Oil prices fluctuated on April 13 as the positive impact of major producers agreeing to record global output ...
    April 13, 2020BY Reuters
  • OPEC, Russia Approve Biggest Ever Oil Cut Amid the CCP virus pandemic
    OPEC, Russia Approve Biggest Ever Oil Cut Amid the CCP virus pandemic
    BAKU/DUBAI/LONDON—OPEC and allies led by Russia agreed on Sunday to cut oil output by a record amount—representing around ...
    April 12, 2020BY Reuters
  • Oil Soars on Trump’s Expectation of Saudi–Russia Production Cut Deal
    Oil Soars on Trump’s Expectation of Saudi–Russia Production Cut Deal
    Oil prices soared on April 2 after President Donald Trump said Russia and Saudi Arabia may soon reach ...
    April 2, 2020BY Petr Svab
  • Saudi Arabia Starts Oil Price War Following OPEC–Russia Rift
    Saudi Arabia Starts Oil Price War Following OPEC–Russia Rift
    Saudi Arabia has fired the first salvo in an oil price war, slashing crude prices after OPEC's supply ...
    March 8, 2020BY Tom Ozimek
  • Oil Drops Below $57 on Coronavirus Impact and OPEC+ Delay
    Oil Drops Below $57 on Coronavirus Impact and OPEC+ Delay
    Oil fell below $57 a barrel on Feb. 18, pressured by concerns over the impact on oil demand ...
    February 18, 2020BY Reuters
  • Global Oil Demand ‘Hit Hard’ by Coronavirus, IEA Says In Forecast
    Global Oil Demand ‘Hit Hard’ by Coronavirus, IEA Says In Forecast
    Global oil demand is expected to suffer its first quarterly contraction in over a decade, according to the ...
    February 14, 2020BY Tom Ozimek
  • Oil Price Tanks as Coronavirus Weighs on Demand Outlook
    Oil Price Tanks as Coronavirus Weighs on Demand Outlook
    WASHINGTON—As the new coronavirus epidemic continues to spread across China, fears of reduced travel and a global economic ...
    February 2, 2020BY Emel Akan
  • OPEC+ Gambles That US Shale’s Golden Age Is Over
    OPEC+ Gambles That US Shale’s Golden Age Is Over
    For years, OPEC ignored the rise of the U.S. shale industry and came to regret its mistake. Now, ...
    December 3, 2019BY Bloomberg
  • OPEC Sees More 2019 Demand for Its Oil as It Keeps Cutting Output
    OPEC Sees More 2019 Demand for Its Oil as It Keeps Cutting Output
    LONDON—OPEC said on May 13 that world demand for its oil would be higher than expected this year ...
    May 15, 2019BY Reuters
  • Oil Hits Near 6-Month High as US Ends Iran Oil Waivers
    Oil Hits Near 6-Month High as US Ends Iran Oil Waivers
    WASHINGTON—Oil prices spiked to nearly a six-month high with the U.S. decision to further clamp down on Iranian ...
    April 22, 2019BY Emel Akan
  • OPEC’s Barkindo Says Rebound in Oil Investments ‘Very Minimal’
    OPEC’s Barkindo Says Rebound in Oil Investments ‘Very Minimal’
      BAKU, Azerbaijan—The investments needed to ensure stability in the global oil industry are returning after a downturn, but ...
    March 18, 2019BY Reuters
  • Oil Slumps Despite OPEC-Plus Production Cuts as Trump Tariffs Batter China
    Oil Slumps Despite OPEC-Plus Production Cuts as Trump Tariffs Batter China
    After a two-week rally, oil prices fell more than 2 percent Jan. 14 as gloomy trade data from ...
    January 14, 2019BY Petr Svab
  • OPEC Output Falls Most in Almost 2 Years as Saudi Cuts Begin
    OPEC Output Falls Most in Almost 2 Years as Saudi Cuts Begin
    Before its agreement to cut oil supplies even started, OPEC’s production plunged by the most in almost two ...
    January 3, 2019BY Bloomberg
  • Oil Market Remains Cloudy as OPEC Sends Mixed Signals
    Oil Market Remains Cloudy as OPEC Sends Mixed Signals
    A series of mixed messages from The Organization of the Petroleum Exporting Countries (OPEC) cause oil price volatility ...
    November 13, 2018BY Emel Akan
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