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Organization of the Petroleum Exporting Countries (OPEC) News
Organization of the Petroleum Exporting Countries (OPEC)
Oil prices set for first annual decline since 2015
Mon, Dec 31, 2018
Oil prices climbed on the last trading day of the year on Monday, taking a cue from firmer stock markets, but were on track for the first yearly decline in three years amid concerns of a persistent supply glut.
Oil prices rise as U.S. sanctions on Iran cloud supply outlook
Fri, Aug 24, 2018
Traders said the supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran, which will target oil exports from November.
Oil rebounds, as OPEC talks up cutting supply into 2018
Tue, May 09, 2017
Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.
OPEC, non-OPEC committee recommends extending output cut by six months
Sun, Mar 26, 2017
OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies.
Oil jumps to highest since mid-2015, Fed hike on horizon
Tue, Dec 13, 2016
Oil prices surged to an 18-month high on Monday after the world`s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury yields to a more than two-year peak.
World Bank raises crude oil forecast to $55 per barrel for 2017
Thu, Oct 20, 2016
The OPEC members are limiting the production after a long period of unrestrained ouptut.