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OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental body founded in 1960 to coordinate and unify petroleum policies among member nations. Comprising major oil producers primarily from the Middle East, Africa, and South America, OPEC plays a significant role in determining oil production levels and influencing global crude prices. Its decisions impact energy markets, economic growth, and geopolitical relations worldwide.

OPEC+ Lifts Output Quotas, Adding 188K Barrels Daily to Global Supply
OPEC+ Lifts Output Quotas, Adding 188K Barrels Daily to Global Supply
Russia Says UAE's OPEC Exit Could Trigger Oil Glut And Price Drop— But Not Until This Happens
Russia Says UAE's OPEC Exit Could Trigger Oil Glut And Price Drop— But Not Until This Happens
Ross Gerber Says UAE's OPEC Exit Signals 'Death Blow' To Saudi-Controlled Oil Markets: 'About Time...'
Ross Gerber Says UAE's OPEC Exit Signals 'Death Blow' To Saudi-Controlled Oil Markets: 'About Time...'
Russia Says UAE's OPEC Exit Could Trigger Oil Glut And Price Drop— But Not Until This Happens
Russia Says UAE's OPEC Exit Could Trigger Oil Glut And Price Drop— But Not Until This Happens
Ross Gerber Says UAE's OPEC Exit Signals 'Death Blow' To Saudi-Controlled Oil Markets: 'About Time...'
Ross Gerber Says UAE's OPEC Exit Signals 'Death Blow' To Saudi-Controlled Oil Markets: 'About Time...'
UAE To Quit OPEC, OPEC+ In Major Blow To Oil Producers' Group As Iran War Roils Markets
UAE To Quit OPEC, OPEC+ In Major Blow To Oil Producers' Group As Iran War Roils Markets
Kuwait Reportedly Cuts Oil Output As Storage Fills Amid Strait of Hormuz Disruptions
Kuwait Reportedly Cuts Oil Output As Storage Fills Amid Strait of Hormuz Disruptions

OPEC Recent News

Diesel Squeeze Puts Oil ETFs Back In Focus—But Will The Rally Run Dry?
Diesel Squeeze Puts Oil ETFs Back In Focus—But Will The Rally Run Dry?
European sanctions are tightening the noose around Russian refined fuels and global diesel stocks appear to grow ever more threadbare.
Shell, Occidental Petroleum And Exxon Mobil Rise In Monday Premarket: What's Going On?
Shell, Occidental Petroleum And Exxon Mobil Rise In Monday Premarket: What's Going On?
During the pre-market trading session on Monday, Shell PLC (NYSE: SHELL) and Occidental Petroleum Corp (NYSE: OXY) climbed 1.75% and 1.41%, respectively, whereas Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) climbed 0.88% and 0.85%, each oil prices witnessed more than 3% surge on Monday. This was because the OPEC+ group decided to maintain the output increase for July, mirroring the hikes of the previous two months.
OPEC Just Created The Income Trade Of The Decade
OPEC Just Created The Income Trade Of The Decade
Goldman Sachs Slashes Oil Forecasts Again, Warns Of $40 Brent In 'Extreme' Tariff-Driven Recession Scenario
Goldman Sachs Slashes Oil Forecasts Again, Warns Of $40 Brent In 'Extreme' Tariff-Driven Recession Scenario
After having cut its oil forecasts twice in less than a week, analysts at the Goldman Sachs Group Inc (NYSE: GS) cut their annual forecasts for Brent and West Texas Intermediate Crude for 2025 and 2026 yet again, warning of a worst-case scenario involving a tariff-driven global recession and higher supply by the OPEC+ nations.
OPEC Cuts 2024 Oil Demand Forecast For Fourth Straight Month Amid China's Economic Slowdown
OPEC Cuts 2024 Oil Demand Forecast For Fourth Straight Month Amid China's Economic Slowdown
Since July, OPEC has cut its demand growth forecasts by nearly 20%, mirroring a notable decline in crude oil prices.
Oil Prices Spike, Energy Stocks Jump After Iran's Missile Attack On Israel: What Investors Need To Know
Oil Prices Spike, Energy Stocks Jump After Iran's Missile Attack On Israel: What Investors Need To Know
Oil prices continue to rise on Wednesday, adding to gains from the week driven by potential supply disruptions in the Middle East and fresh warnings out of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+.
Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting
Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting
Oil prices drop for 5th day due to economic growth concerns & OPEC+ supply decision. U.S. economic data raises fears of slowdown, affecting demand.
Crude Oil Climbs To 5-Month High In Q1, Analysts Expect High Prices To Persist In Q2
Crude Oil Climbs To 5-Month High In Q1, Analysts Expect High Prices To Persist In Q2
First quarter of 2024 saw a surge in oil prices due to tightening supply/demand and geopolitical concerns. Benchmarks rose to five-month highs.
Ukraine Drones Target Russian Oil Installations: Why US Gasoline Prices Are At Risk
Ukraine Drones Target Russian Oil Installations: Why US Gasoline Prices Are At Risk
Attacks coincide with a Russian ban on gasoline exports, potentially influencing U.S. gas prices and OPEC+ demand forecasts.
Oil On Track To Spike Higher? Report Says OPEC+ All Set To Extend 2 MBOE/Day Output Cut At Least Until Middle Of Year
Oil On Track To Spike Higher? Report Says OPEC+ All Set To Extend 2 MBOE/Day Output Cut At Least Until Middle Of Year
Oil could be on its way higher as reports suggest the OPEC+ coalition could decide to extend output cuts at least until the middle of the year.
Oil Prices Up As Iran Tests Ballistic Missiles, OPEC Raises Economic Forecasts
Oil Prices Up As Iran Tests Ballistic Missiles, OPEC Raises Economic Forecasts
Oil prices are higher, pushing up average gasoline prices on concerns supply could be disrupted as Iran tested ballistic missiles.
Oil Prices Fall After Angola Says It Will Quit OPEC
Oil Prices Fall After Angola Says It Will Quit OPEC
Oil prices fell Thursday after Angola said it was to exit the OPEC, raising concerns the African nation will not stick to set quotas.
Oil Enters Bear Market As Crude Prices Slump To Five-Month Low
Oil Enters Bear Market As Crude Prices Slump To Five-Month Low
Oil prices fall to 5-month lows as traders wary of OPEC+ production cuts & slowing global economy demand.
Historic Low In Producer Short Positioning In Crude Oil: A Signal Of A Potential Major Shift In The Global Oil Market
Historic Low In Producer Short Positioning In Crude Oil: A Signal Of A Potential Major Shift In The Global Oil Market
The latest Commitment of Traders report (COT) raises questions about the future of the energy complex. Producer short positioning has hit its lowest level since August 2015, an indication that weakness in the oil market may not be a short-term phenomenon, but rather it could usher in a new dynamic within the global economy.
Crude Oil Prices Fall As OPEC+ Meeting Postponed Over Angola And Nigeria Spat
Crude Oil Prices Fall As OPEC+ Meeting Postponed Over Angola And Nigeria Spat
Talks between the African nations and the other members were reported to be close to agreement, which will likely see Angola and Nigeria with raised quotas.
From Producers To Traders: Dissecting The Complex Dynamics Of Today's Crude Oil Market As Prices Test $90
From Producers To Traders: Dissecting The Complex Dynamics Of Today's Crude Oil Market As Prices Test $90
Crude oil has captured the attention of investors and traders over the last month due to supply constraints resulting from OPEC+ pressure. Additionally, domestic rig counts have driven crude oil to reach over $90. However, the prevailing question is its ability to maintain these current levels or even continue to some analysts' targets of over $100 a barrel in the not-so-distant future.
'Dire Consequences' For Billions: OPEC Blasts IEA's Fossil Fuel Demand Forecast, Warns Of 'Energy Chaos' On Unprecedented Scale — 3 Top Oil Stocks From Wall Street
'Dire Consequences' For Billions: OPEC Blasts IEA's Fossil Fuel Demand Forecast, Warns Of 'Energy Chaos' On Unprecedented Scale — 3 Top Oil Stocks From Wall Street
Big Energy Stocks Muted Premarket As Oil Edges Down: What's Driving Crude Lower?
Big Energy Stocks Muted Premarket As Oil Edges Down: What's Driving Crude Lower?
Oil's uneven recovery continues and the commodity edged lower in European session as China growth worries linger.
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