OPEC News


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Oil Poised for Sixth Weekly Loss
Friday, November 16, 2018 Oil is poised for a sixth weekly loss, trading near $57 a barrel.

Oil Trades Near $56
Thursday, November 15, 2018 Oil traded near $56 a barrel after snapping a record losing streak.

OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.

The Market is Overreacting
Thursday, November 15, 2018 The market is overreacting, according to Nasdaq IR Intelligence Energy Director Tamar Essner.

NOPEC to Take Gloves Off, Production Cuts In 2019?
Wednesday, November 14, 2018 OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place.

How Will Oil's Freefall End?
Wednesday, November 14, 2018 Oil's record losing streak has plunged prices into a bear market and is reverberating around the globe.

Oil's Collapse Deepens
Wednesday, November 14, 2018 Oil showed little sign of recovering from its unprecedented decline.

IEA Welcomes Return of Oil Surplus
Wednesday, November 14, 2018 The IEA welcomes the oil market's return to surplus.

Oil Extends Record Losing Streak
Tuesday, November 13, 2018 Oil fell for a 12th consecutive session in its longest losing streak on record.

Market Balanced, No Cause for Alarm
Tuesday, November 13, 2018 The market is still relatively in a state of balance and there is no cause for alarm, the OPEC Secretary-General tells Bloomberg.

Oil Climbs After Record Run of Losses
Monday, November 12, 2018 Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.

Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

Analysts Not Surprised by Move into Bear Territory
Monday, November 12, 2018 Analysts at Cantor Fitzgerald Europe are not surprised by the move into bear territory.

Oil Teeters Near Record Losing Streak
Friday, November 09, 2018 Oil's set for its longest stretch of declines on record after entering a bear market.

Time Has Come for OPEC to Start Worrying
Friday, November 09, 2018 The time has come for OPEC to start worrying, according to the founder of Vanda Insights.

Oil Trades Near $62
Thursday, November 08, 2018 Oil was steady after 8 days of losses.

Oil Market Faces Precarious Few Months
Thursday, November 08, 2018 The oil market faces a precarious few months, according to Wood Mackenzie.

Oil Poised for Longest Losing Run Since 2014
Wednesday, November 07, 2018 Crude's set for the longest losing streak since 2014 as concerns of a supply crunch ease.

OPEC Eyes Yet Another U-Turn
Wednesday, November 07, 2018 OPEC is enduring one of the most head-spinning years in its history.

Oil Trades Near 7-Month Low
Tuesday, November 06, 2018 Oil held near the lowest level in 7 months as concerns over a supply crunch eased after the U.S. granted waivers to 8 governments to continue buying some Iranian crude.

Crude Extends Decline
Monday, November 05, 2018 Oil extended its decline to a sixth day.

Sunday Midnight Will Mark Dividing Line in Oil World
Friday, November 02, 2018 Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.

Oil Set for Worst Week Since February
Friday, November 02, 2018 Oil's set for the biggest weekly loss since February.

Oil Extends Losses Near $65
Thursday, November 01, 2018 Oil extended losses near $65 a barrel after the worst month in more than 2 years.

Oil Set for Biggest Monthly Slide Since 2016
Wednesday, October 31, 2018 Oil's set for its biggest monthly drop since 2016 as the specter of a slowdown in the global economy haunts the market.

Oil Holds Losses
Tuesday, October 30, 2018 Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the United States and China will dampen global growth at a time when American crude inventories are growing.

BP Unleashes Cash Bet That Oil Will Stay High
Tuesday, October 30, 2018 BP is gearing up to leave European competitors in the dust, at least when it comes to spending the industry's enormous cash pile.

Replacing Iran's Lost Oil Supply to Help Supertanker Fleet
Tuesday, October 30, 2018 Higher OPEC oil production and longer voyages are propelling shipowners back to good times.

Oil Trades Below $68
Monday, October 29, 2018 Oil traded below $68 a barrel as traders assessed mixed supply signals from producers.

Nigeria Sees OPEC Holding Firm in December
Monday, October 29, 2018 OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says.

Oil Resumes Slide
Thursday, October 25, 2018 Oil fell near the lowest level in 2 months as a rout in U.S. stocks prompted investors to flee risk assets and as American crude inventories continued to rise.

OPEC Could Cut Production in 2019
Thursday, October 25, 2018 OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty.

Oil Holds Loss Near Lowest Level in Over 2 Months
Wednesday, October 24, 2018 Oil held losses near the lowest level in more than 2 months as Saudi Arabia pledged to offset any supply shortfalls and as global investors shunned risk assets.

OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.

IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
Tuesday, October 09, 2018 The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.

Saudi-Russian Cooperation Marks New World Order For Oil
Monday, October 08, 2018 OPEC+ with Saudi-Russian cooperation will retain its hold on global oil supply and continue to reshape the world order for oil.

Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil
Friday, October 05, 2018 Saudi Arabia's crown prince, facing US pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises.

Trump Request for Max OPEC Output May Backfire
Thursday, October 04, 2018 The Trump administration is commanding OPEC to run the printing presses at full speed.

OPEC Output Edges Higher
Tuesday, October 02, 2018 OPEC production rose last month as deepening losses in Iran due to looming US sanctions were countered by other members.

Oil Surges on Prospects of Supply Crunch
Thursday, September 27, 2018 Oil surged on prospects of a supply crunch after the US ruled out the release of emergency crude reserves.

Total Sees $100 Oil Coming
Thursday, September 27, 2018 Total is among a growing chorus that sees $100 oil on the horizon, but the French energy giant isn't thrilled about it.

Oil Falters as Trump Ups Pressure
Wednesday, September 26, 2018 Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC.

After Twitter Fail, Trump's Next Avenue Is US Oil Reserve
Wednesday, September 26, 2018 After failing to cajole OPEC to pump more and lower oil prices, US President Trump could pursue a more direct route.

Return of $100 Oil Seen by Top Traders
Monday, September 24, 2018 Major oil trading houses are predicting the return of $100 crude for the first time since 2014.

$11 Trillion Needed in Oil Sector to 2040
Monday, September 24, 2018 In the period to 2040, the required global oil sector investment is estimated at $11 trillion.

OPEC Gives Tepid Response to Trump Demand
Monday, September 24, 2018 Brent crude climbed above $80 a barrel to its highest level since November 2014 after OPEC and its allies signaled less urgency to boost output, despite U.S. pressure to temper prices.

OPEC Squabbles Lose Relevance as Saudis and Russia Set the Agenda
Friday, September 21, 2018 OPEC and its allies seem poised for another contentious meeting in Algeria this weekend.

OPEC's Decade of Turmoil Leaves Cartel Seeking a New Way Forward
Thursday, September 20, 2018 OPEC's 60-year history has rarely confronted a more challenging period than the past decade.

Russia Oil Output Is Said to Hit New Highs Before OPEC Talks
Thursday, September 20, 2018 Russia's crude production has jumped to a new post-Soviet record, boosting the nation's budget revenue as it prepares for talks with OPEC+ on further cooperation, according to a government official.

OPEC Warns of Threats to Oil Supply from Iran and Other Producers
Tuesday, September 18, 2018 The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, according to the group's top official.