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OPEC and Allies Have Cleared Oil Surplus

OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...

Oil Prices Have Hit a Three-year High

Oil prices on Friday stayed near three-year highs reached earlier this week, with ongoing OPEC-led supply cuts and strong demand gradually drawing down excess...

Crude Oil Prices May Push $75 Short Term

Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...

How Will OPEC Output Cuts Affect the Middle East

OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...

Oversupply Push Oil Prices Lower; “V-shaped Rebound” Likely

Oil prices ended higher last Friday, but suffered a weekly loss for the fifth time in a row. This is the longest run of...

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia...

Is a Second OPEC Cut on The Cards?

OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...

Oil Price Outlook 2017

Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...

ADNOC committed to OPEC’s Output Cuts Agreement

The Abu Dhabi National Oil Company (ADNOC), in line with the recently agreed oil production cut resolution adopted by OPEC, is undertaking the necessary...

Oil Prices Push up after OPEC’s Production Cut

The price of Brent crude, the international benchmark for oil prices, jumped above $52 a barrel on Thursday after the Organization of the Petroleum...

What Does The Next OPEC Meeting Have In Store?

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and...

2016 and 2017 Crude Oil Projections Lowered Further

The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...

World Oil Demand Growth Unchanged in June; EIA Cuts Forecast

· WTI crude oil price rose by 2.6% to USD94.54 per barrel · World oil demand growth remains almost unchanged at 0.80mnbpd in 2013 · EIA...

OPEC Keeps Oil Output Same for 2013; Shale Oil Boom in...

The 163rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Vienna, Austria, on 31 May 2013, under...

OPEC issues Oil Market Highlights for May

The OPEC Secretariat has issued its monthly oil market report for May 2013. Following are oil market highlights from the Monthly Oil Market Report by...

OPEC raises 2013 forecast for world oil demand

Global demand for oil is now expected to grow more than previously estimated, according to the Organization of the Petroleum Exporting Countries monthly report...

OPEC oil output falls in December: Platts survey

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...

OPEC cuts production, oil demand unchanged

Global oil demand growth in 2012 remained unchanged at 0.9 million barrels a day, but uncertainty surrounds the 2013 forecast, according to latest monthly...