OPEC News

What is said and done by OPEC is widely regarded to have a direct impact on the price of oil in the world. This in turn has an impact on the US economy, and on consumers. It is not surprising, therefore, that so many people want to stay up-to-date with OPEC news through the daily digest service offered by Wiser. OPEC stands for the Organization of the Petroleum Exporting Countries and it represents the nations that dominate the export of oil. It was founded in 1960 by Iran, Iraq, Kuwait and Venezuela, but has since grown to comprise several other countries including Saudi Arabia, United Arab Emirates, Qatar and Libya. In 2014, there were 12 nations in OPEC and its members are thought to account for as much as 78 percent of the world's oil reserves. OPEC sets production targets for each of its member countries which effectively controls a significant proportion of world oil production and is used as a lever to control prices. Sign up today for the Wiser daily OPEC news email. It is a free digest delivered to your inbox containing articles on OPEC from around the web.

Recent OPEC News Coverage
 
Your Weekly Recommendations Saturday, February 25, 2017
 
Recommended for you
U.S. Set To Rival Russia In Oil And Natural Gas Exports
Forbes • Contributor, Jude Clemente
Saudi foreign minister makes rare visit to Baghdad
Reuters
Big Bite: Food trucks, packaged food among top trends in GCC food
Zawya
Energy Recap: Your Take On The OPEC Production Cuts
Seeking Alpha • S.A. Editor Michelle Carini
This ‘conundrum’ may be signaling a slide in oil prices
CNBC • Jackie Deangelis
UPDATE 9-Oil slips nearly 1 pct on concerns over rising U.S. output
Reuters • Devika Krishna Kumar
The Tell: OPEC’s strategy to buoy oil prices is all wrong, oil economist says
MarketWatch • Sara Sjolin
North American Oil Independence
Seeking Alpha • Robert Boslego
MARKET WATCH: NYMEX, Brent crude oil prices climb on lower US crude imports
Oil and Gas Journal
Chevron Equity Shares Are The Oiliest Among The Big Oils
Seeking Alpha • Insights, Oil Industry Trends
 
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Barack Obama, Coal Industry
U.S. Set To Rival Russia In Oil And Natural Gas Exports
ForbesContributor, Jude Clemente
The U.S. is becoming an oil and gas exporting powerhouse, helping to alleviate energy deprivation around the world and lower Russia's gaining influence.
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Oil & Gas, Organization of the Petroleum Exporting Countries
Saudi foreign minister makes rare visit to Baghdad
Reuters
Saudi Foreign Minister Adel Al-Jubeir made a rare visit to Baghdad on Saturday, meeting with Iraqi Prime Minister Haider al-Abadi, the premier's media office said. It was the first visit of a senior Saudi minister since the U.S.-led invasion that toppled Saddam...
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Grocery & Supermarkets, Oil & Gas
Big Bite: Food trucks, packaged food among top trends in GCC food
Zawya
25 February 2017 Food consumption in Gulf Arab states is expected to increase by an annual rate of 4.2 percent in the next five years thanks to an expanding young and affluent society and continued growth in tourism, according to a report...
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Liquefied Natural Gas, Natural Gas
Energy Recap: Your Take On The OPEC Production Cuts
Seeking AlphaS.A. Editor Michelle Carini
Summary Every Friday, provides a roundup of insightful opinion and analysis articles in the energy sector. In this edition, we highlight articles on the Permian, Chesapeake, and Inter Pipeline, as well as ask for your take on what's happening in the energy...
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Energy & Utilities, Energy Dealmaking
This ‘conundrum’ may be signaling a slide in oil prices
CNBCJackie Deangelis
The stock market may be signaling something is awry in the oil market. Like a seesaw, oil prices have gone up in February, while energy stocks have gone down. Matt Maley of Miller Tabak Securities says the action in crude oil creates...
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Crude Oil, Energy Finance
UPDATE 9-Oil slips nearly 1 pct on concerns over rising U.S. output
ReutersDevika Krishna Kumar
Oil prices fell about 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs. But crude prices were on track for a weekly rise as traders have begun to pull out barrels from...
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Crude Oil, Finance
The Tell: OPEC’s strategy to buoy oil prices is all wrong, oil economist says
MarketWatchSara Sjolin
OPEC and non-cartel members may be employing a wrongheaded approach to shrinking a global supply glut, according to Dieter Helm, economist and Professor of Energy Policy at the University of Oxford in the U.K. Speaking at the International Petroleum Week in London...
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Oil & Gas, Organization of the Petroleum Exporting Countries
North American Oil Independence
Seeking AlphaRobert Boslego
Summary Imports from Canada and Mexico exceeded net oil imports. Crude oil exports rising. Crude oil imports from OPEC and Saudi Arabia remain elevated. CLR expects to increase production by 29% by year-end. U.S. import requirements to drop this year. It's only...
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Crude Oil, Oil & Gas
MARKET WATCH: NYMEX, Brent crude oil prices climb on lower US crude imports
Oil and Gas Journal
As you were browsing http://www.ogj.com something about your browser made us think you were a bot. There are a few reasons this might happen: You're a power user moving through this website with super-human speed. You've disabled JavaScript in your web browser....
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Coal Industry, Crude Oil
Chevron Equity Shares Are The Oiliest Among The Big Oils
Seeking AlphaInsights, Oil Industry Trends
Summary Chevron's production portfolio is the most levered to oil prices among the Big Oils. Higher oil prices generate greater net operating cash flow (NOCF). Chevron's equity shares are highly correlated to oil prices. The company is highly levered to the upstream...
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