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OPEC

opec-1

Oil dips below $37 as OPEC pumps most in three years

11/12/2015(0)
Oil fell below $37 a barrel on Thursday, after new data showed OPEC is still pumping like there is no tomorrow. The mighty oil cartel produced 31.7 million barrels ... Read More
oil well

Shale Doesn’t Swing Oil Prices—OPEC Does

10/12/2015(0)
The oil cartel is still influential, and American shale can’t replace the world’s true “swing” producer. The breathtaking crash in oil prices has generated a new conventional wisdom: America’s ... Read More
oil-well

Brent Crude Falls; Oil Prices End at Nearly Seven-Year Lows

09/12/2015(0)
Prices hit fresh seven-year lows on expectations that U.S. crude inventories rose Brent crude dipped below $40 a barrel Tuesday in a selloff that has raised a worrisome possibility: ... Read More
oil-well

Opec bid to kill off US shale sends oil price down to 2009 low

08/12/2015(0)
Oil falls by $2 a barrel with energy shares as Opec refusal to stop flooding the market with cheap oil and likely US rate hike sends Brent crude tumbling ... Read More
oil and gas - britain

Goldman thinks oil prices could fall another 50%

07/12/2015(0)
Goldman thinks oil prices could fall another 50% as the market spends another year sorting itself out The oil market is out of whack and Goldman Sachs doesn’t see ... Read More
oil

OPEC Heads for Status Quo as Members Clash Over Output Cut

04/12/2015(0)
Saudi Arabia opposes cuts without Russian participation Venezuela rallies cash-strapped members to support output cuts OPEC looked on track to maintain the status quo after member states clashed over ... Read More
oil and gas - britain

Oil is expected to reach new lows – CNBC Oil Survey

03/12/2015(0)
OPEC is not expected to take any action this week to prop up oil prices, which have yet to hit rock bottom, according to a new CNBC Oil Survey. ... Read More
oil

Saudi Arabia, Allies Willing to Cut Oil Production If Others Follow

03/12/2015(0)
Divisions emerge ahead of a contentious OPEC meeting on Friday Saudi Arabia and its Persian Gulf allies are willing to pull back oil output as crude prices skidded further ... Read More
oil well

Brent slips on OPEC worry; U.S. crude steady ahead of inventory data

02/12/2015(0)
API says U.S. crude inventories rose by 1.6 mln bbls last week Reuters poll had cited 500,000 bbls draw instead U.S. crude falls in post-settlement trade after API data ... Read More
oil-well

Russia and Saudi Arabia Battle for Control of European Oil Market

01/12/2015(0)
Both Russian and Saudi companies have aggressively discounted their crude exports to Europe, dimming hopes of production cuts A contest for dominance in Europe’s oil market is heating up ... Read More
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