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OPEC

OPEC enters meeting that could set direction of oil prices
2 years 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
3 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
4 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
4 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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