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Organization of Petroleum Exporting Countries (OPEC)

A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil prices drop on potential increase in OPEC output

24/05/2018(0)
Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran. A surprise build ... Read More
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

U.S. crude futures fell in Asian trading on Friday

01/09/2017(0)
U.S. crude futures fell in Asian trading on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with nearly a quarter of ... Read More
Oil_well

Oil prices rose on Thursday

22/06/2017(0)
Oil prices climb off 10-month lows as U.S. stockpiles drop Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts ... Read More
oil-well

Oil Extends Gains Near $50 a Barrel as OPEC Sees Demand Growth

12/10/2015(0)
Non-OPEC crude oil supply due to contract, OPEC chief says Global prices have bottomed, signs of 2016 recovery: Qatar Oil extended gains near $50 a barrel amid speculation an ... Read More
OPEC logo

Depressed Oil Prices Push OPEC Revenue Below $1 Trillion In 2014

19/06/2015(0)
The 2014 crash in oil prices caused the combined oil earnings of OPEC’s 12 members to drop 11 percent from $1.112 trillion in 2013 to $993.3 billion in 2014. ... Read More
oil-well

Shale Output Is Falling Faster Than Expected

15/04/2015(0)
Shale drillers will see production drop sooner than expected under a U.S. government forecast, a momentum change that hints at an eventual price rally. Just five months after Saudi ... Read More
oil-well

Saudi Arabia’s move for larger global oil market share to adversely affect Russian economy

09/04/2015(0)
The feedstock production growth in Saudi Arabia will adversely affect the Russian economy, Kuwait-based oil expert Kamel al-Harami says Saudi Arabia is seeking after the larger OPEC’s share on ... Read More
West Texas Oil

Oil prices down as Opec remains stern about production levels

23/03/2015(0)
Oil prices declined further after Saudi Arabia’s oil minister said it is not the sole responsibility of Opec to raise oil prices in further indication that the biggest oil ... Read More
oil platform in sea

OPEC to keep production steady as oil rally falters

19/03/2015(0)
The Organization of Petroleum Exporting Countries (OPEC) has ‘no choice’ but to maintain its current production level of 30 million barrels per day, according to Kuwait’s oil minister Ali ... Read More
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