OPEC is set to further cut output to keep a stable oil price
OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed…
When everything depends on OPEC
The pump-and-dump strategy introduced by Saudi Arabia in November 2014 was called off Wednesday when Opec members meeting in Algiers…
Oil, gold and investments – Q3 barrel still at 45-50 USD
Commodities were broadly unchanged for a third consecutive week but plenty of individual action was seen last week. ”We are…
IEA: Global oil demand will slow in 2017
The International Energy Agency expects that in 2017, the oil demand will grow at a slower pace than in 2016…
OPEC: Oil prices may rise in the second half
The oil market is currently balancing, despite the recent decline in world prices, said Mohammad bin Saleh al-Sada, Minister of…
OPEC: Brexit could dampen European oil demand
The U.K.’s vote to leave the European Union could dampen Europe’s appetite for oil and pose a risk to global…
IEA Market Report: OPEC output still increases the global oil supply
Global oil supplies rose 250,000 barrels per day (bpd) in April from the preceding month to 96.2 million bpd as…
The oil barrel is close to 30 dollars on global markets
The oil barrel quotation use as reference by the Organization of Petroleum Exporting Countries (OPEC) reached, on Wednesday, a level…
Oil prices fell below 35 dollars per barrel
On the New York commodities exchange, the price of American oil barrel fell, on Monday, to around $34.7, near the…
IEA: OPEC could keep prices low for a decade
Keeping the OPEC production will lead to lower oil prices for a long period, with negative effects on the budgets…
Iran asks OPEC to reduce oil production for the prices to climb
OPEC member states should cut oil production for prices to climb to 70-80 dollars per barrel, said the Iranian oil…
US shale oil hard hit by crude prices
U.S. shale oil production will drop 9 percent next year as a crude price below $50 a barrel “slams brakes”…
OPEC magazine op-ed that fueled oil rally baffles insiders
An OPEC publication written by the exporter group’s public relations team helped oil prices jump and prompted speculation over a…