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, September 23, 2017
 
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Dharmendra Pradhan for petrol, diesel pricing under GST regime
The Economic Times of India • Pti
Top 5 Things That Moved Markets This Past Week
Seeking Alpha
Fuel prices have started going down: Dharmendra Pradhan
The Economic Times of India
Crude Oil Prices Settle Higher For Third Straight Week
Seeking Alpha
Only 1 Answer For OPEC: Production Deal Will Remain In Place Until It Happens
Seeking Alpha • Gary Bourgeault
Why We Remain Bullish On GE
Forbes • Contributor, Trefis Team
OPEC and Russia stay focused on cuts as oil market improves
World Oil Online • Angelina Rascouet
Crude oil heads for third weekly gain as OPEC urges commitment to supply cuts
World Oil Online • Rakteem Katakey
Oil treads water as OPEC prolongs decision to extend, deepen output cuts
World Oil Online • Jessica Summers
Russia remains open to longer output cuts with OPEC, but mulls exit plan
World Oil Online • Elena Mazneva, Yousef Gamal El-Din
 
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Coal Industry, Natural Gas
Dharmendra Pradhan for petrol, diesel pricing under GST regime
The Economic Times of IndiaPti
GANDHINAGAR: Attributing the recent rise in fuel prices to a hurricane in the US, Union minister Dharmendra Pradhan today said the rates will come down in the next few days. "Fuel prices have gone up recently due to the hurricane in the...
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Currencies, Economic Policy
Top 5 Things That Moved Markets This Past Week
Seeking Alpha
Take a peek at the top 5 things that rocked U.S. markets this week. JPMorgan's Jamie Dimon ripped into Bitcoin again Bitcoin prices ebbed and flowed throughout the week but remained on track for a third weekly loss as investors mulled over...
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Coal Industry, Oil & Gas
Fuel prices have started going down: Dharmendra Pradhan
The Economic Times of India
AHMEDABAD: Following the hike in petrol prices and the various protests staged all over the country against it, Union Petroleum Minister Dharmendra Pradhan, on Saturday, said that the prices of the fuel have already started going down. Speaking to the media, Pradhan...
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Crude Oil, Natural Gas
Crude Oil Prices Settle Higher For Third Straight Week
Seeking Alpha
Crude oil prices settled higher on Friday as investors shrugged off the outcome of an OPEC-led meeting in which oil producers failed to reach a decision to extend the production-cut agreement. On the New York Mercantile Exchange, crude futures for November delivery...
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Oil & Gas, Organization of the Petroleum Exporting Countries
Only 1 Answer For OPEC: Production Deal Will Remain In Place Until It Happens
Seeking AlphaGary Bourgeault
Summary Future extension cuts probable because of no exit strategy. Ongoing problems with the cuts and their impact. The only answer for stronger oil prices in the years ahead. The meeting of OPEC and other nations participating in the oil production cut...
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Finance, Investment Industry
Why We Remain Bullish On GE
ForbesContributor, Trefis Team
General Electric’s (NYSE: GE) stock price fell nearly 20% in the last three months due to management changes and concerns over profitability. The Baker Hughes acquisition also played a role in the decline, as many investors had issues with the idea of...
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Hedge Funds, Oil & Gas
OPEC and Russia stay focused on cuts as oil market improves
World Oil OnlineAngelina Rascouet
LONDON and DUBAI (Bloomberg) -- OPEC and Russia said they were about halfway toward clearing a global oil glut and urged fellow producers to stay focused and finish the job. The market has markedly improved since the last time ministers from OPEC...
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Crude Oil, Natural Gas
Crude oil heads for third weekly gain as OPEC urges commitment to supply cuts
World Oil OnlineRakteem Katakey
LONDON (Bloomberg) -- Oil was heading for a third weekly gain as OPEC ministers meeting in Vienna urged a continued commitment to supply cuts they said are making good progress in draining a global glut. Front-month oil futures were little changed in...
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Oil & Gas, Oil Prices
Oil treads water as OPEC prolongs decision to extend, deepen output cuts
World Oil OnlineJessica Summers
NEW YORK (Bloomberg) -- Oil barely moved after an OPEC gathering concluded with no decision on an extension or deepening of supply cuts. Futures toggled within a 49-cent range in New York on Friday, heading for a third weekly gain, while the...
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Entrepreneurship, Oil & Gas
Russia remains open to longer output cuts with OPEC, but mulls exit plan
World Oil OnlineElena Mazneva, Yousef Gamal El-Din
MOSCOW (Bloomberg) -- Russia signaled that it would be willing to prolong the production cuts it agreed with OPEC beyond the first quarter of next year if needed, while also making clear its commitment to the deal wasn’t open ended. It was...
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