OPEC

OPEC Cuts 2024 Oil Demand Forecast For Fourth Straight Month Amid China's Economic Slowdown

Oil Prices Spike, Energy Stocks Jump After Iran's Missile Attack On Israel: What Investors Need To Know

Trump Accuses OPEC Of Manipulating Oil Prices To Favor Kamala Harris, Warns 'She Will Be A Disaster For The USA!'

Oil Prices Spike, Energy Stocks Jump After Iran's Missile Attack On Israel: What Investors Need To Know

Trump Accuses OPEC Of Manipulating Oil Prices To Favor Kamala Harris, Warns 'She Will Be A Disaster For The USA!'

Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting

Crude Oil Climbs To 5-Month High In Q1, Analysts Expect High Prices To Persist In Q2

Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting

Crude Oil Climbs To 5-Month High In Q1, Analysts Expect High Prices To Persist In Q2

Ukraine Drones Target Russian Oil Installations: Why US Gasoline Prices Are At Risk

Natural Gas Soars After Top US Producer Slashes Output; Oil Prices Dip As OPEC+ Extends Production Curbs

OPEC Recent News

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 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 fell Thursday after Angola said it was to exit the OPEC, raising concerns the African nation will not stick to set quotas.

COP28 Draft Proposes Historic Shift From Fossil Fuels Amid Global Debate

The deal has sparked controversy for insufficient financial and equity provisions for developing nations and resistance from major oil-producing countries.

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

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

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.

OPEC To Discuss Deeper Production Cuts To Underpin Volatile Oil Prices

What can investors expect from OPEC this weekend? One Goldman Sachs analyst suggests that "deeper cuts should not be ruled out."

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

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.

Saudi Arabia, Russia Deepen Oil Supply Cuts — Defying US Calls: Reuters

Crude Awakening: 5 Oil Stocks Poised For Growth As Global Output Tightens

U.S. oil stocks are poised to capitalize on a tightening global crude market as a result of recent developments at the OPEC+ summit.

Saudi Arabia, Russia Extend Voluntary Cuts Until End Of 2024 As Part Of OPEC+ Deal

OPEC+ has agreed on output cuts into 2024.

'Iran Is A Responsible Player,' Says OPEC Secretary General: Here's What He Said On The Nation's Full Return To Oil Market

Saudi Energy Minister Warns Oil Short Sellers 'They Will Be Ouching' Ahead Of OPEC+ Meeting

Saudi Energy Minister, Prince Abdulaziz bin Salman, warned oil speculators to exercise extreme caution in order to avoid being squeezed by the OPEC+ as was the case in April when the cartel enacted an unexpected

Goldman Sachs Reiterates $100 Brent Price Forecast, Expects Oil To Rally If US Avoids Recession

Despite the sharp declines experienced by oil prices in recent weeks, Goldman Sachs (NYSE: GS) reiterated its forecast for Brent prices of $95 by December 2023 and $100 for April 2024.

As Exxon Mobil, Southwest Airlines Gear Up For Earnings Next Week, Here's A Look At Options Market Outlook

Oil Hits 18-Week Highs After US Inflation Data Print; Granholm Open To SPR Refills

Oil prices climbed in Wednesday's session, with a barrel of WTI crude reaching $82.50, after the Bureau of Labor Statistics reported lower-than-expected inflation in March and following remarks by the U.S.

Traders' Bets On Fed's Next Moves Shake Market Amid OPEC+ Production Cuts And Recession-Like ISM PMI Number

Investors' expectations for the Federal Reserve's next moves are facing hours of uncertainty as a result of the events that rocked markets Monday.

Wall Street Analysts Raise Their Oil Price Forecasts After Shocking Supply Cuts By OPEC+

Analysts on Wall Street are becoming far more bullish on oil prices, after OPEC+ announced voluntary output cuts totaling 1.66 million barrel per day. The cuts will come into effect starting in May and are expected to last until the end of 2023.

U.S. Decries Surprise Oil Cuts By Saudi, OPEC+ Amid Uncertain Market Conditions: Not 'Advisable'

OPEC+ Just Announced Oil Output Cuts In A Surprise Move. Here's How It Could Really Affect You.

OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows.