OPEC

Recent Articles

Op-Ed: Crude Export Habits Could Factor Into OPEC's Oil Balancing Act
Friday, May 26, 2017 With the US entrance into the crude oil exporting market and little change in global loading, production may not be the only weight on commodity prices and crude oversupply.
OPEC Oil Cut Extension Renews Asia's Crude Supply Worries
Friday, May 26, 2017 In physical markets, where tankers can take weeks or months to deliver crude oil, refiners want to know if they will be forced to search for new suppliers.
Come Together: All Eyes On OPEC's Epic Pursuit of Oil Price Stability
Wednesday, May 24, 2017 Every drop of oil counts in the weight of crude inventory on the global price scale, as OPEC and non-OPEC nations congregate in Vienna on May 25 to consider extending production cuts.
Op-Ed: With Saudi Aramco IPO Looming, Of Course OPEC Will Extend Oil Quotas
Thursday, May 18, 2017 Markets yawn as Russia, Saudi Arabia envoys tease extending crude oil production quotas into 2018.
In Fight Against US Shale Oil, OPEC Risks Lower for Longer
Friday, May 12, 2017 In their battle to revive the global oil market, OPEC and its allies are digging in for a long war of attrition against shale.
Oil Producers in Consensus to Extend Cuts, OPEC Members Say
Thursday, May 11, 2017 OPEC and other oil producers taking part in output cuts have reached a consensus to extend the limits until the end of the year, oil ministers for two of the group's members said.
Libya Adds to OPEC's Burden as Output at Highest Since 2014
Tuesday, May 09, 2017 Libya is pumping the most oil in more than two years as the OPEC member restores output amid progress in mending the nationís political divisions.
OPEC Runs Out of Options as Bid to Boost Oil Price Fizzles
Friday, May 05, 2017 OPEC's plan to boost oil prices by cutting production has fizzled, yet it has little choice but to stick with it.
OPEC May Need to Extend Production Cuts to End of Next Year
Monday, May 01, 2017 OPEC is certain to extend cuts in oil output when its ministers meet later in May and will need to keep limiting production until as late as the end of 2018, a veteran market analyst said.
OPEC Wants Further Drop In Oil Stocks, Is Working For Consensus
Thursday, April 27, 2017 OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May.
BLOG: Dream On, OPEC - The US Will Never Act Like A Cartel
Thursday, April 27, 2017 OPEC Sec Gen says US is outside the global trend of cutting crude production for the sake of market stability, but in reality, tight oil companies made market-driven cuts before OPEC could make a deal.
Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts
Wednesday, April 26, 2017 Saudi Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran.
OPEC Ministers to Meet Russia Amid Push to Extend Cuts
Wednesday, April 26, 2017 The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts.
OPEC's War On Oil Overhang Starts To Bear Fruit
Tuesday, April 11, 2017 OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.
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.