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OPEC

OPEC meeting expected to reverse the oil price plunge
2 weeks ago

OPEC meeting expected to reverse the oil price plunge

Experts are predicting an agreement to cut oil supply will be reached at next week’s OPEC meeting, which should help stabilise a market that has seen prices plummet in the last …
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Petrol prices nudge up as oil prices jump
3 months ago

Petrol prices nudge up as oil prices jump

Anyone who drives realises that petrol has become more expensive this year — a lot more expensive.

Figures from the Australian Institute of Petroleum, released by CommSec, show that average …
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Oil prices ease as Trump tweets warning at OPEC
3 months ago

Oil prices ease as Trump tweets warning at OPEC

Oil prices eased on Thursday, slowing an upward surge that had pushed the market toward four-year highs, after U.S. President Donald Trump called on OPEC to “get prices down now!”


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Oil prices may spike on a coming mismatch between supply and demand, an expert says
3 months ago

Oil prices may spike on a coming mismatch between supply and demand, an expert says

After cruising to four-year highs earlier this year, crude oil has hit the skids.

Since hitting $70 a …
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OPEC enters meeting that could set direction of oil prices
6 months ago

OPEC enters meeting that could set direction of oil prices

Officials from major oil-producing nations are expected to agree this week to boost output, but just how much they will open the spigot — and the effect on oil prices …
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Oil falls 2%, weighed by ample OPEC supply
1 year ago

Oil falls 2%, weighed by ample OPEC supply

Oil dropped about two per cent from a two-month high as major world oil producers kept pumping out supply, causing investors to worry that several weeks of steady gains had …
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OPEC will attempt to drive up oil prices
2 years ago

OPEC will attempt to drive up oil prices

OPEC has called a truce on its oil war, meaning Australian motorists may pay a few more cents at the pump this Christmas.

At a meeting in Vienna in the …
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Oil prices on the slide as Iraq baulks at OPEC cuts
2 years ago

Oil prices on the slide as Iraq baulks at OPEC cuts

Oil prices have tumbled amid doubts over OPEC’s proposed output cut, after Iraq signalled it wants to be excluded from the pact.

Light, sweet crude for December delivery on Monday …
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Analysis – OPEC oil price anchor could be easy to unmoor

VIENNA (Reuters) – To hear OPEC ministers in Vienna last week, one would think the cartel’s battle for market share is a complete success and oil prices are now firmly …
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Asia’s resilient fuel demand vindicates OPEC policy…for now

SINGAPORE (Reuters) – Asian consumption of gasoline and other fuels has beaten expectations due to demand stemming from structural changes in the economies of Asia’s biggest oil users, vindicating for …
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