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Organization of the Petroleum Exporting Countries News
Organization of the Petroleum Exporting Countries
Oil rises amid surging China crude imports, US sanctions
Wed, May 08, 2019
OPEC is due to meet in June at its headquarters in Vienna, Austria, to decide its output policy for the rest of the year.
Oil dips away from levels last seen in late 2014, but analysts say market supported
Fri, Jan 12, 2018
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.
Oil prices edge up on lower US rig count, but below recent highs
Mon, Jan 08, 2018
U.S. West Texas Intermediate (WTI) crude futures were at $61.61 a barrel at 0209 GMT, 17 cents, or 0.3 percent, above their last settlement, and not far off the $62.21 May 2015 high reached last week.
US oil dips on increased drilling, but OPEC cuts support global markets
Mon, Nov 27, 2017
US oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended.
Oil prices dip after US crude hits near two-year high on pipeline shutdown
Thu, Nov 23, 2017
Markets are also tightening globally due to an effort led by the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC producers, including Russia, to withhold output.
Oil prices edge up on expectations of tightening supplies
Wed, Jan 04, 2017
International Brent crude futures were up 32 cents, or 0.6%, at $55.79 a barrel.