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OPEC

Oil to Remain Critical Cog in Energy Mix: OPEC
1 week ago

Oil to Remain Critical Cog in Energy Mix: OPEC

OPEC, one of the top oil producing groups in the world, issued the 13th edition of its World Oil Outlook, which provides an in-depth review of how OPEC views the …
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Why petrol prices have soared to the highest level in FIVE months in time for the Easter school holidays
7 months ago

Why petrol prices have soared to the highest level in FIVE months in time for the Easter school holidays

Motorists are paying the highest petrol prices in five months in time for the Easter school holidays.

Average Australian unleaded prices have soared by 3.5 cents during the past week, …
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Flood of US oil tipped to keep lid on petrol prices
8 months ago

Flood of US oil tipped to keep lid on petrol prices

The International Energy Agency’s (IEA) latest global oil outlook, released on Monday night, predicts America’s oil and gas boom will see it become a net exporter by 2021 with profound …
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OPEC meeting expected to reverse the oil price plunge
12 months 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
1 year 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
1 year 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
1 year 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
1 year 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
2 years 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
3 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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