OPEC

Recent Articles

BLOG: Decisions, Decisions - Will OPEC/NOPEC Extend Oil Cuts?
Thursday, March 23, 2017 As OPEC and non-OPEC members convene this weekend to weigh progress, member-state self-preservation likely to enable market intervention keeping crude oil cuts in place for another six months.
Saudi Says Oil-Supply Cuts May Be Extended If Necessary
Thursday, March 16, 2017 OPEC and its allies may prolong production cuts after they expire in June if the world's crude inventories remain excessive, Saudi Arabia's Energy Minister said.
OPEC Can't Count on American Drivers to Help Boost Oil Prices
Thursday, March 16, 2017 Rising US oil production isn't the only thing getting in the way of OPEC's efforts to drain a global glut. American drivers aren't helping either.
Saudis Tell OPEC They Eased Cuts to Pump 10 Million Barrels
Tuesday, March 14, 2017 Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month.
Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts
Monday, March 13, 2017 Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group's first member to call for more time to balance the global oil market.
Russian Oil Major Says US Shale Growth Imperils OPEC Deal
Monday, March 13, 2017 A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Rosneft says.
OPEC, Non-OPEC Agreement Strives For Oil Price Stability
Tuesday, March 07, 2017 OPEC Secretary General Mohammad Sanusi Barkindo tells CERAWeek historic production cut agreement with non-OPEC countries develops new relationship between crude producing and consuming nations.
Saudis Still Bear Brunt of Oil Cuts as OPEC Output Drops
Thursday, March 02, 2017 Saudi Arabia continued to lead OPEC's efforts to cut production, helping the organization get closer to a goal set out in a historic accord last year.
US Crude Oil Production Boost On Collision Course With OPEC Cuts
Wednesday, March 01, 2017 Subdued production in 2017 may give way to crude production boost of 1 million barrels per day by 2018 as US exploration and production companies reveal plans to spend more cash.
All Participating Countries Committed to Oil Output Deal, Says OPEC Sec-Gen
Monday, February 27, 2017 OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, said the cartel's secretary-general, Mohammed Barkindo.
Bizarre Oil Trades Pose Menace for OPEC in Its Prized Market
Friday, February 24, 2017 OPEC pumped at will the past two years to defend its turf against rivals. Its recent volte-face has left it contending with additional threats in the world’s biggest oil market.
Barkindo: OPEC's Pushing for Full Compliance With Oil Cuts
Tuesday, February 21, 2017 Implementation of an agreement between OPEC and other major producers to reduce output has been "very encouraging" and the agreement is on track to reduce the global oil surplus, said the group's top official.
Investor Honeymoon With OPEC Falters as Shale Drilling Booms
Monday, February 13, 2017 After unprecedented optimism that OPEC will manage to ease a global supply glut, money managers reduced their bets on rising WTI prices for the first time in a month.
OPEC Ministers Don't Rule Out Rolling Over Oil-Output Cut
Wednesday, February 08, 2017 OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and Qatar say.
OPEC Convinces Investors That Its Oil Output Cuts Are Real
Monday, January 30, 2017 OPEC appears to have persuaded investors that it's making good on promised production cuts.
IEA: OPEC Output Cuts Under Security As Market Tightens
Thursday, January 19, 2017 World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised.
BLOG: Should the US Cut Oil Production in Line With OPEC, NOPEC?
Friday, January 13, 2017 OPEC's subtle message that the US should join its production cut pledge with other non-OPEC nations - in the interest of global market stability - is unlikely to get an affirmative response.
Will OPEC Deliver Its Output Cut Deal? Here's How We'll Know
Friday, January 06, 2017 The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they're delivering on those vows. It won't come easy.
Venezuela Says To Cut 95,000 Bpd Crude Output In OPEC Deal
Tuesday, December 27, 2016 Venezuela says it will cut 95,000 barrels per day of oil production in the New Year.
OPEC Deal Tests Oil Majors' Appetite for Risk and Reward
Friday, December 16, 2016 OPEC's deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again.