Opec Fights Back

Since its creation more than a half-century ago, OPEC has been jolting the world. The 14-member club of oil exporters is the textbook case of a successful cartel, wielding immense control over the world’s most critical commodity. As waves of new technologies and petroleum discoveries have upended the global energy trade, OPEC’s obituary has been written many times.

  • Kuwait- OPEC basket price down to USD 62.93 pb
    (MENAFN - Kuwait News Agency (KUNA)) VIENNA, July 22 (KUNA) -- OPEC daily basket price went down 17 cents to stand at USD 62.93 a barrel Friday, compared with USD 63.10 a barrel last Thursday ...
    07/22/2019 - 2:02 am | View Link
  • Russian oil output back to OPEC deal levels
    ST PETERSBURG/MOSCOW (Reuters) - Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil exporters and production in the last half of July will rise from the ...
    07/18/2019 - 1:59 am | View Link
  • Russian oil output at levels agreed under OPEC deal: Novak
    ST PETERSBURG (Reuters) - Russian oil output has reached levels agreed under the deal between OPEC and non-OPEC oil exporters, and its output in the last two weeks of July will be higher than in the ...
    07/17/2019 - 11:51 pm | View Link
  • OPEC Data Supports The Bullish Thesis
    Data provided by OPEC seems to indicate, at first glance, a bullish 2019 followed by a bearish 2020. While this is possible, it would occur if Russia ignores its side of the output cuts entirely. ...
    07/16/2019 - 11:12 am | View Link
  • Oil Price Fundamental Daily Forecast – US Production Outweighing OPEC-led Attempts to Trim Supply
    U.S. West Texas Intermediate and international-benchmark Brent crude oil prices are trading lower on Tuesday with traders attempting to claw-back earlier losses. Brent is the weaker of the two ...
    07/16/2019 - 4:38 am | View Link
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