OPEC and the Oil Price

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee,JMMC, has no authority over executive decisions to continue lowering global oil production, said Kuwait’s Minister of Oil and Minister of Electricity and Water .....»»

Category: topSource: livetradingnewsSep 13th, 2017

OPEC reaction: Will this cause an oil price reversal?

While Iran’s oil minister stated in early January that OPEC has no interest in prices jumping over $60 per barrel, no major changes have yet come from OPEC, despite oil hitting $70 per barrel.       .....»»

Category: topSource: usatodayJan 24th, 2018

The OPEC Deal May End In June

Authored by Irina Slav via, A couple of weeks ago, comments from the UAE’s energy minister spurred the oil price rally higher. What the minister sa.....»»

Category: blogSource: zerohedgeJan 19th, 2018

Will OPEC stick with its production cuts if oil prices keep rising?

As crude oil production cuts from members of OPEC and its allies slowly drain global stockpiles, the price of benchmark Brent crude has risen to around $70 a barrel. At that level, more drilling becomes economic -- and not only in U.S. shale plays......»»

Category: topSource: moneycentralJan 15th, 2018

Will OPEC Stick With Its Production Cuts If Oil Prices Keep Rising?

As crude oil production cuts from members of OPEC and its allies slowly drain global stockpiles, the price of benchmark Brent crude has risen to around $70 a barrel. At that level, more drilling........»»

Category: blogSource: 247wallstJan 15th, 2018

Oil trades near 3-year high as OPEC reassures on cuts

Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab Emirates and other producers for OPEC-led output cuts to continue, despite recent price gains......»»

Category: topSource: moneycentralJan 15th, 2018

OPEC versus Shale: The oil inventory saga continues in 2018

As we roll into 2018, the higher oil prices continue to drive increased U.S. shale production, and set the stage for yet another year of the OPEC-shale tug-of-war that will influence the price of oil.       &#.....»»

Category: topSource: usatodayJan 9th, 2018

U.S. oil prices hit highest since 2015, but doubts loom over rally

U.S. oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPEC-led production cuts......»»

Category: topSource: foxnewsJan 9th, 2018

Oil marks highest January opening price since 2014

SINGAPORE (Reuters) - Oil prices had their highest January opening since 2014 on Tuesday, supported by ongoing supply cuts led by OPEC and Russia as well as strong demand......»»

Category: topSource: reutersJan 1st, 2018

Oil price forecast: Analysts see WTI averaging $56 in 2018

Expectations of robust oil demand growth and high OPEC and allies’ commitment to the production cuts have prompted analysts to raise again their forecast for oil prices in 2018.    .....»»

Category: topSource: usatodayJan 1st, 2018

This Day In Market History: OPEC Raises Oil Price To $7 Per Barrel

Each day, B.....»»

Category: blogSource: benzingaDec 22nd, 2017

Crude Oil Price News: Slew of Bearish Data Fails To Reverse Price

DailyFX com Fundamental Forecast for USOIL Bullish Crude Oil Price News Talking Points A market divided was the takeaway this week after OPEC amp IEA have differing demand views The temporary shutdown of the North Sea.....»»

Category: futuresSource: nasdaqDec 15th, 2017

Do You Really Need to Pay the Price for Premium Gasoline?

Pump prices for gasoline have been rising for several months now as the production cuts instituted by OPEC and its partners have begun to force consuming nations to draw down oversupplied inventory........»»

Category: blogSource: 247wallstDec 12th, 2017

Analysts Raise 2018 Oil Price Forecasts After OPEC Deal

The extension of the OPEC and allies’ production cut deal thr.....»»

Category: economySource: nasdaqDec 7th, 2017

Goldman raises 2018 oil price forecast on robust OPEC commitment

Goldman lifted its Brent price forecast for next year to $62 a b.....»»

Category: topSource: usatodayDec 5th, 2017

Market Extra: Here’s why Goldman just lifted its oil-price forecast for 2018

Goldman Sachs throws itself into the oil bull camp for 2018, forecasting 9% total returns over the next 12 months as OPEC and Russia continue their efforts to tackle the global supply glut......»»

Category: topSource: marketwatchDec 5th, 2017

The Man Behind The Oil Price Rally

Authored by Dan Dicker via, The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decis.....»»

Category: blogSource: zerohedgeDec 4th, 2017

OPEC plans to cut crude output to avoid price crash

OPEC and non-OPEC oil producers look poised to agree at a meeting on Thursday to extend output cuts until the end of 2018, four OPEC sources said, as the group seeks to clear a global glut of crude a........»»

Category: topSource: thehindubusinesslineNov 30th, 2017

Crude Oil Price Wobbles After Inventory Report, Waiting on OPEC

U.S. crude oil inventories fell last week while inventories of gasoline and diesel fuel rose. Exports also dipped last week. Prices did not move much as traders look ahead to tomorrow's OPEC meeting........»»

Category: blogSource: 247wallstNov 29th, 2017

Oil Price Comes Into Focus As The OPEC Meets.

Oil Price Comes Into Focus As The OPEC Meets......»»

Category: topSource: seekingalphaNov 28th, 2017

Oil prices slip on OPEC deal extension jitters

Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed......»»

Category: topSource: foxnewsNov 28th, 2017