Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil prices began their descent from $100 per Continue Reading
OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers’ group that action is needed to manage crude production in order to support prices, he said Continue Reading
It’s possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it’s also possible that they are ramping up production to take the Continue Reading
OPEC’s secretary-general will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to a person with direct knowledge of the matter. Continue Reading
Deal would show cooperation from new Saudi energy minister Production cap may support prices, producer supply gains OPEC and some producers from outside the group may agree to freeze output Continue Reading
Ever since the February crash, when oil tumbled to 13 years lows, and when OPEC started releasing tactical headlines at key inflection points about an imminent oil production freeze (which Continue Reading
Speculators cut wagers on falling WTI crude price by 26%: CFTC OPEC could freeze output as big members pump flat-out: Khelil OPEC has done it again. Talk of a potential Continue Reading
Nigerian oil minister Emmanuel Ibe Kachikwu said on Thursday that while a cut in OPEC production is unlikely, there is hope a meeting of producers in Algeria next month could Continue Reading
Nations now willing to cap volumes as they’re pumping flat-out Big producers have taken all the market share they can: Khelil OPEC is on course to strike an output-freeze deal Continue Reading
Iran has not yet made a decision on whether or not it will join the OPEC meeting next month, and according to officials there, production levels have not reached a Continue Reading
