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What Is OPEC And Why Do Its Decisions Matter?

・OPEC initially began with five countries, which are Iran, Iraq, Venezuela, Saudi Arabia, and Kuwait, to end the dominance of the so-called ‘seven sisters’ Western oil companies and maintain stable ...

OPEC oil output falls in January on lower supply from Nigeria and Libya, Reuters survey finds

By Alex Lawler LONDON, Feb. 9 (Reuters) - OPEC's oil output fell in January due to lower supply from Nigeria and Libya, a ...
Rigzone

Some OPEC+ Members See Scope to Resume Hikes in April

Some OPEC+ members see scope for the alliance to resume supply increases in April, believing concerns of a glut in global oil markets to be overblown. The group led by Saudi Arabia and Russia hasn’t ...
New York Post

OPEC+ keeps oil output steady amid turmoil among members

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group’s members. Sunday’s meeting of eight members of ...
Rigzone

OPEC+ Again Faces Thorny Issue of How Much It Can Pump

OPEC+ nations gathering this weekend are once again grappling with the thorny question of how much oil they're physically able to pump. OPEC+ nations gathering this weekend are once again grappling ...
Investopedia

Organization of the Petroleum Exporting Countries (OPEC)

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

OPEC data indicate small Q2 surplus ahead of key OPEC+ decision on resuming oil output hikes

By Alex Lawler LONDON, Feb 11 (Reuters) - OPEC on Wednesday forecast world oil demand from the OPEC+ group will drop by ...
Leadership

Low Production By Nigeria Affects OPEC’s January Oil Output

The Organisation of Petroleum Exporting Countries (OPEC) has reported a lower oil output in January following lower supply ...
New York Post

OPEC+ to keep oil output unchanged as Iran tensions boost prices

OPEC+ agreed to keep its oil output unchanged for March at a meeting, the producer group said on Sunday, even after crude prices hit six-month highs on concern the US could launch a military strike on ...
Barron's

OPEC Members Won't Make Drastic Production Changes

Leading oil producing nations confirmed on Sunday that they would remain cautious on their outlook after the U.S.' raid in Venezuela, saying they wouldn't make any drastic changes to production levels ...
Reuters

OPEC oil output rises for fifth month on Libyan recovery, Reuters survey shows

LONDON, Nov 30 (Reuters) - OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC ...

OPEC+ Expected to Resume Output Increases, Kpler Says

OPEC+ is forecast to resume oil output increases after pausing hikes in the first quarter, according to Kpler, which forecasts Brent to average $65 a barrel this year.