OPEC
http://www.opec.org/home/The Organization of Petroleum Exporting Countries (OPEC), an international oil cartel, is composed of 12 member countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. The goal of the cartel is to help stabilize oil prices in international markets and allow oil producers to achieve a reasonable rate of return.
View Older Stories View More Recent Stories
-
Oil prices slide 1%, settle at 7-week low on China worries
-
Oil falls 2% as Israel seeks to avoid broader Middle East conflict
-
Oil prices finish higher as US oil, fuel inventories ease
-
Oil market likely to be in surplus next year, Morgan Stanley says
-
Oil prices steady as US rate-cut hopes contend with economic slowdown signals
-
Oil prices ease on demand concerns in China
-
Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries
-
Oil rises settles higher; US inflation data feeds rate cut hopes
-
Oil settles lower on worries Hurricane Beryl could hit US demand
-
Oil prices rise on deep weekly draw in US crude inventories
-
Oil prices up 2% to two-month high on summer demand hopes, supply worries
-
Saudi Arabia may cut oil prices for Asia for second month in August
-
Oil demand set to peak by 2029, major supply glut looms, IEA says
-
Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back
-
Oil settles higher on forecasts for strong demand
-
Oil dips on deflated US interest rate cut expectations, OPEC+ decision
-
Saudi Arabia cuts July Arab Light crude oil OSP to Asia
-
Oil settles higher on hopes Fed will track European Central Bank rate cuts
-
Oil rises 1% as Fed rate cut optimism offsets demand fears
-
Oil drops as OPEC+ boosts supply even though demand is shaky
-
Oil settles down ahead of OPEC+ meeting, posts weekly loss
-
Oil falls as US reports surprise fuel build, weak demand
-
Oil prices ease on US gasoline demand worries, economic data
-
Oil up on OPEC+ meeting, summer driving season and weaker US dollar
-
Oil posts weekly loss as interest rate policy spurs fuel demand worries
-
Oil falls for fourth straight session on US inflation jitters
-
Oil slips for a third straight day on prospect of US rates staying high
-
Oil eases on worries about US inflation, interest rates
-
Oil gains 1% on hopes of firmer demand
-
IEA trims 2024 oil demand growth forecast, widens gap with OPEC
-
Oil rebounds, gains 1% after US crude draw, lukewarm inflation data
-
OPEC sticks to oil demand view, shifts key forecast to OPEC+
-
Oil settles lower as inflation data gives way to market jitters
-
Oil prices settle up on demand optimism, US inflation in focus
-
Oil steadies as ceasefire eludes Hamas, Israel
-
Oil settles down on US jobs data, steepest weekly loss in 3 months
-
Oil settles near 7-week lows, focus shifts to economy
-
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
-
Oil settles higher on supply concerns in the Mideast, economic woes subdue gains
-
Oil rises as dollar slips, focus shifts to economic data
-
Oil settles slightly higher as Iran plays down reported Israeli attack
-
Oil holds near 3-week low as US sanctions interrupt easing tensions
-
Oil prices flat as economic headwinds counter Mideast supply fears
-
Oil settles up on Middle East tensions, posts weekly loss
-
Oil settles lower as rate cut hopes moderate, Brent holds near $90/bbl
-
Oil prices climb more than $1 per barrel on supply risk
-
Oil settles at 5-month high, gains capped by jump in US crude stocks
-
Oil settles up on supply threats, hits 2024 highs during session
-
Oil up 1%, US WTI at 5-month closing high, market seen tight
-
Oil rises more than $1 a barrel on tighter supply outlook
