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 Monday, July 24, 2017
 
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OPEC Will Discuss Production, and a Batch of Earnings Are Due
The New York Times • The New York Times
GLOBAL MARKETS-Ebbing risk appetite grounds Asian stocks, dollar sulks as euro strengthens
Reuters • Nichola Saminather
Oil Bulls Snap Out of Funk But OPEC Doubts Still Loom Large
Bloomberg • Jessica Summers
Oil steady after fall ahead of OPEC/non-OPEC meeting
Reuters
A US Oil Embargo On Venezuela Is A Terrible Idea - Let Maduro Fail On His Own
Forbes • Contributor, Tim Worstall
Saudi Arabia's new trick is turning off the US oil tap
The Economic Times of India • Julian Lee
3 Big Reasons To Be Bearish On Oil For Even Longer
Seeking Alpha • Miles White
Here's why investors aren’t taking sides in the Gulf-Qatar crisis
The Economic Times of India
OPEC meets Monday - amid nerves in the oil market
CBC Radio-Canada • Tracy Johnson
Kinder Morgan, Inc: Markets Like This Quarter. Should You?
Seeking Alpha • Dividend Stream
 
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Auto Industry, Economic Policy
OPEC Will Discuss Production, and a Batch of Earnings Are Due
The New York TimesThe New York Times
Here’s a look at what’s coming up this week. OIL INDUSTRY Oil officials from the Organization of the Petroleum Exporting Countries and other large producers like Russia and Oman are expected meet on Monday in St. Petersburg, Russia, to review the output...
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Currencies, Organization of the Petroleum Exporting Countries
GLOBAL MARKETS-Ebbing risk appetite grounds Asian stocks, dollar sulks as euro strengthens
ReutersNichola Saminather
Kim Kyung-Hoon SINGAPORE () - Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro's near-two-year high on the European Central Bank's seeming lack of concern about its strength left the dollar languishing near...
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Hedge Funds, Oil & Gas
Oil Bulls Snap Out of Funk But OPEC Doubts Still Loom Large
BloombergJessica Summers
Managed-money WTI long positions rose the most since February Short positions meanwhile slipped for a third week: CFTC Oil optimists are back. They’re just not betting the ranch on a rally yet. Hedge funds added the most weekly wagers on rising West...
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Crude Oil, Oil & Gas
Oil steady after fall ahead of OPEC/non-OPEC meeting
Reuters
TOKYO (Reuters) - Oil prices were little changed on Monday following a steep fall in the previous session amid growing expectations that the joint OPEC and non-OPEC ministerial meeting later in the day would address rising production from Nigeria and Libya, two...
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Crude Oil, Economic Policy
A US Oil Embargo On Venezuela Is A Terrible Idea - Let Maduro Fail On His Own
ForbesContributor, Tim Worstall
There is talk that President Trump is considering imposing sanctions on Venezuela--up to and including an oil embargo. This would be a terrible idea as it would completely tank the Venezuelan economy. More than that it would also provide an excuse for...
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Energy Finance, Oil & Gas
Saudi Arabia's new trick is turning off the US oil tap
The Economic Times of IndiaJulian Lee
At last, Saudi Arabia seems to be doing what it takes to reduce the world's most visible oil glut: the one in the US. Unfortunately, its renewed vigour comes as OPEC's deal to reduce excess crude stockpiles starts to show signs of...
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Carbon Tax, Currencies
3 Big Reasons To Be Bearish On Oil For Even Longer
Seeking AlphaMiles White
Summary Oil has fallen substantially from the high of $136 in June 2008 to the low of $42 in 2016. There is no good news for the oil story! Nigeria and Libya cannot afford to cut their output, and do not have...
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Economic Policy, Natural Gas
Here's why investors aren’t taking sides in the Gulf-Qatar crisis
The Economic Times of India
By Ahmed A. Namatalla and Filipe Pacheco Investors aren’t taking sides in the biggest political crisis in the Gulf in decades because their focus has already returned to oil. Seven weeks after Saudi Arabia led a coalition of Arab states in cutting...
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Oil & Gas, Oil Prices
OPEC meets Monday - amid nerves in the oil market
CBC Radio-CanadaTracy Johnson
Tomorrow in St. Petersburg, Russia, members of the Organization of the Petroleum Exporting Countries (OPEC) and the so-called NOPEC alliance will meet to talk about how the oil production cuts are coming along. The answer will be: not that great. OPEC's compliance...
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Coal Industry, Natural Gas
Kinder Morgan, Inc: Markets Like This Quarter. Should You?
Seeking AlphaDividend Stream
Summary Kinder Morgan plans on increasing its dividend 60% in 2018, and 25% in 2019 and 2020 respectively. Expectation is for slightly lower debt to EBITDA ratio by end of year. Company turned in solid performance, with DCF declining just slightly. I...
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