US shale boom ends OPEC’s power to crush
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for…
OPEC production rises again above its output ceiling
Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed…
Oil near two-month high as producers set to meet again
Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this…
OPEC moves to cap Nigerian oil output, boost compliance
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…
OPEC is in no rush on deeper oil output cut
OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits,…
Oil slips on worries Mideast rift could undermine OPEC cuts
Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several…
OPEC nearing deal to extend oil output cut to March 2018
OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months…
India asks OPEC to stop subsidizing western buyers at Asia’s cost
India has asked oil producing countries to stop discrimination against it and other Asian countries on petroleum and gas prices.…
OPEC: Prolonging cut would achieve mission to clear oil glut
The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept…
Top oil trader warns shaky demand risks thwarting OPEC’s aim
OPEC and its allies are seeking to pump less for longer in a quest for higher prices. The world’s biggest…
Iran will go along with whatever OPEC decides on crude cutbacks
Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil…
OPEC may further cut production beyond June
Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next…
The global oil market in 2017: contango or backwardation? (analysis by Radu Dudău)
Radu Dudău, EPG Director More than four months after the November 30, 2016 deal between OPEC and eleven non-OPEC producers to…
Russia and Iran say will continue efforts to curb oil output
Russia and Iran have pledged to continue efforts to rein in oil production and stabilize markets, the presidents of both…
Major oil producers look to extend limiting the oil output by another six months
A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to…
OPEC vs US shale showdown is biggest oil risk of 2017, says energy investor
The biggest oil market risk for 2017 is the prospect of a market share war — or at least a…
Oil whipsaws as production seen rising, more OPEC cuts discussed
Oil prices whipsawed Monday, in movement simmilar to those recorded since the beginning of the year, turning negative after the International…
