OPEC News


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Alberta Learns Playing OPEC Isn't Easy
Friday, March 22, 2019 Pipelines are full, but the cost of shipping oil by train to the U.S. means it's not competitive with supplies from shale or Mexico.

Oil Set for Third Weekly Gain
Friday, March 22, 2019 Oil is poised for a third weekly advance, buoyed by the biggest drop in American crude stockpiles since July at a time when the OPEC+ coalition is pressing on with its output curbs.

Oil Stays Above $60
Thursday, March 21, 2019 Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.

Will the US Ever Become Part of OPEC+?
Thursday, March 21, 2019 Experts weigh in on whether the United States will ever join the OPEC+ group.

Trump Guides Don't See High Oil Prices as All Bad
Wednesday, March 20, 2019 Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.

Oil's Rally Stalls Near $59
Wednesday, March 20, 2019 Oil's rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.

Saudi-Russia Alliance Shows Signs of Strain
Tuesday, March 19, 2019 The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.

Oil Holds Gains
Tuesday, March 19, 2019 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June.

Oil Slips
Monday, March 18, 2019 Oil slipped from near a four-month high as OPEC and its allies met in Azerbaijan Monday and recommended deferring a decision on whether to extend oil production cuts until June.

Market Fundamentals Improving But Much Left to Do
Monday, March 18, 2019 Market fundamentals have been slowly improving since the latter part of last year, but much more work still needs to be done, according to Saudi Arabia's energy minister.

OPEC Can Make or Break Oil's Bull Run
Monday, March 18, 2019 OPEC can make or break oil's bull run, and hedge funds are betting the cartel will keep fueling the rally.

Oil Expected to Rally into Summer
Friday, March 15, 2019 Merill Lynch expects oil to rally into the summer.

Oil Set for Weekly Gain
Friday, March 15, 2019 Oil's poised for the best weekly rally in a month as the world's top crude producers are scheduled to discuss about extending their pledged output curbs to avert a global glut.

Saudis Reluctant to Do Trump's Bidding
Thursday, March 14, 2019 Four months ago, Saudi Arabia's devotion to its decades-old oil partnership with the U.S. was stronger than ever.

Oil Pierces 4-Month High
Thursday, March 14, 2019 Oil held gains after breaching $58 a barrel for the first time this year.

OPEC Is Said to Warn Wall Street on NOPEC
Wednesday, March 13, 2019 OPEC is sending a clear message to Wall Street banks and big investors.

Oil Extends Gains
Wednesday, March 13, 2019 Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles at a time when the world's top producers are said to be looking at a plan to extend their output curbs.

OPEC Splits Appetizer with Shale Adversaries
Tuesday, March 12, 2019 OPEC's secretary general met with senior executives from North America's booming shale oil industry for dinner in Houston.

Oil Extends Gain
Tuesday, March 12, 2019 Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela.

OPEC Will Be Squeezed by US Shale Until Mid-2020s
Monday, March 11, 2019 By 2024, OPEC's capacity to pump crude will shrink because of declines in Iran and Venezuela, according to the International Energy Agency.

Oil Rises
Monday, March 11, 2019 Oil rose as Saudi Arabia was said to extend deep supply cuts into April.

Hedge Funds Keep Betting on Oil Rally
Monday, March 11, 2019 Hedge funds keep betting on an oil rally, even with prices stuck in neutral.

Oil Endures Stormy Week
Friday, March 08, 2019 Oil struggled to sustain a rally as prices continued to get whipsawed by fears over the health of the global economy and OPEC's progress in averting a market glut.

Oil Stays Near $56
Thursday, March 07, 2019 Oil traded near $56 a barrel as investors weighed a U.S. crude-stockpile surge that threatens to undermine OPEC's bid to avert a glut against a drop in fuel inventories.

Oil Falls as Global Glut Fears Revived
Wednesday, March 06, 2019 Oil declined after an industry report showed a massive increase in U.S. crude stockpiles, reviving fears of a global glut.

Analysts Lower Oil Price Forecast for 2019
Wednesday, March 06, 2019 Analysts at Fitch Solutions Macro Research lower their average annual price forecast for Brent for 2019.

Oil Trims Gain
Tuesday, March 05, 2019 Oil gave up some of its gains above $56 a barrel on renewed concerns the U.S.-China trade war will hurt economic growth and the prospect of output recovering from unexpected disruptions in some OPEC members.

Oil Rises as US China Trade Deal Nears
Monday, March 04, 2019 Oil climbs as the U.S. and China were said to near a deal on trade that would underpin the outlook for crude demand.

These are the OPEC+ Meeting Predictions
Monday, March 04, 2019 Experts predict what will happen at the upcoming OPEC+ meeting in April.

OPEC Output Slides Again
Friday, March 01, 2019 OPEC's crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions.

US Oil Stays Closer to Home
Friday, March 01, 2019 The long-running trade war between the U.S. and China is keeping ships from ferrying American oil far, far away.

Energy Outlooks an Antidote for Post-Factual Age
Thursday, February 28, 2019 Energy outlooks are an antidote for this post-factual age, according to OPEC Secretary General Mohammad Sanusi Barkindo.

Saudis Slice Crude Supply to US Gulf
Thursday, February 28, 2019 Saudi Arabia sliced its crude supply to plants located on the U.S. Gulf Coast by more than half from a year ago.

US Sanctions on Venezuela are Helping Colombian Oil
Wednesday, February 27, 2019 U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports.

Saudis Hold Firm on Cuts After Trump Tweet
Wednesday, February 27, 2019 Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump's demand to keep prices down.

Oil Climbs the Most in a Week
Wednesday, February 27, 2019 Oil climbed the most in a week after an industry report signaled a surprise decline in U.S. oil inventories and Russia confirmed it's reducing production in line with an agreement by OPEC and its allies.

Traders' Knee-Jerk Reaction to Trump OPEC Tweets
Tuesday, February 26, 2019 The first instinct of traders when they see President Trump tweeting on OPEC is to sell crude, according to Kingsview Asset Management.

Oil's Rally Fizzles
Tuesday, February 26, 2019 Oil is stumbling after a 30 percent rally since Christmas Eve as speculation swirls over whether OPEC will heed Donald Trump's call to temper prices.

Is the OPEC, Russia Honeymoon Over?
Tuesday, February 26, 2019 OPEC still needs an official arrangement, but for Russia the argument is weakening.

Trump Opens Attack on OPEC Again
Monday, February 25, 2019 U.S. President Donald Trump resumed his attacks on OPEC, saying the global economy is too fragile to handle a price hike and urging the cartel to "relax and take it easy."

Vitol Expects Oil to Rally
Monday, February 25, 2019 The world's largest energy trader says oil prices are set to rally further.

Oil Getting Lift from US-China Trade, OPEC
Friday, February 22, 2019 Crude oil is set for a second week-on-week advance.

Oil Extends Gains
Thursday, February 21, 2019 Oil extended gains from a 3-month high as industry data signaled a limited increase in American crude stockpiles, and on signs that the U.S. and China are moving closer to a trade deal.

New Brazil Production Adds to OPEC Headache
Wednesday, February 20, 2019 A new Brazilian oil supply boom is poised to challenge OPEC's oil market balancing efforts.

Saudi Arabia is Overtightening the Market Again
Wednesday, February 20, 2019 The Saudis are overtightening the market once again, according to Vanda Insights.

Oil Holds Near 3-Month High
Wednesday, February 20, 2019 Oil held near a 3-month high as production cuts by Saudi Arabia tempered concerns a trade war between the world's 2 biggest economies will continue to weigh on the global growth outlook.

Oil Holds Gains
Tuesday, February 19, 2019 Oil held gains at a 3 month high as investors focused on the prospects for a resolution to the U.S.-China trade war and signs of sliding shipments from the world's biggest crude exporter.

Oil Optimists Look Ready to Take Driver's Seat
Monday, February 18, 2019 Oil optimists look like they're finally ready to take the driver's seat in crude's rebound.

Oil Trades Near Highest Level Since November
Monday, February 18, 2019 Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world's largest offshore field signaled tightening supply.

Oil Poised for Weekly Gain
Friday, February 15, 2019 Oil heads for its biggest weekly gain in a month.