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Organization of Petroleum Exporting Countries News
Organization of Petroleum Exporting Countries
Oil eases on oversupply concerns ahead of holiday
Mon, Dec 24, 2018
To ease supply worries, the Organization of Petroleum Exporting Countries (OPEC) and its allies including Russia agreed earlier this month to cut oil production by 1.2 million barrels per day ( bpd ).
US to overtake Russia as world's biggest oil producer by 2019 latest: IEA
Tue, Feb 27, 2018
The soaring US production is upending global oil markets, coming at a time when a group of other major producers around Russia and the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) have been voluntarily withholding output in order to prop up prices.
Oil hits $71 for first time since 2014 on tighter supply and weak dollar
Thu, Jan 25, 2018
The Organization of the Petroleum Exporting Countries and allies including Russia began to curb supplies in 2017.
Asia stocks ride global momentum, dollar up on June Fed rate hike bets
Wed, May 03, 2017
MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.1% early on Wednesday, within a hair of a near-two-year high hit on Tuesday.
Oil prices rise as markets eye OPEC, non-OPEC production cuts
Tue, Jan 03, 2017
International Brent crude oil was yet to trade after closing up 68 cents at $56.82 per barrel on Friday.
Global stocks, dollar ease before US payrolls, Italy referendum
Fri, Dec 02, 2016
Yields for 10-year US Treasuries eased after reaching an 18-month high of 2.492% overnight.