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 Wednesday, April 25, 2018
 
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Trump vs. OPEC: Oil traders must now 'rigorously check' Twitter to monitor feud
CNBC • Sam Meredith
Egypt is ready to be an energy hub for Europe
CNBC
Most Asia markets fall, with tech firms hit again
yahoo.com • Afp
Trump accused OPEC of jacking up oil prices. Here's what he means
CNBC • Tom Dichristopher
Trump can't do much more about high oil due to OPEC: Dan Yergin
CNBC • Matthew J. Belvedere
Trump blasts OPEC, accusing the oil cartel of ‘artificially’ raising prices
Washington Post • John Wagner
Forget $100 oil. $75 is probably the ceiling this year, says Oman’s oil minister
CNBC • Steve Sedgwick
Saudis see oil price on rise as Trump blasts OPEC
yahoo.com
Sanctions imposed on Russia present a ‘huge risk,’ energy minister says
CNBC • David Reid
Russia says it might not stay committed to the OPEC oil deal until the end
CNBC • Silvia Amaro
 
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Energy Finance, Oil & Gas
Trump vs. OPEC: Oil traders must now 'rigorously check' Twitter to monitor feud
CNBCSam Meredith
President Donald Trump speaks about tax cuts during an event with American workers in the Rose Garden of the White House in Washington, DC, April 12, 2018. Oil traders must become especially attentive to Donald Trump's Twitter feed over the coming weeks,...
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Energy Finance, Liquefied Natural Gas
Egypt is ready to be an energy hub for Europe
CNBC
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Currencies, Education
Most Asia markets fall, with tech firms hit again
yahoo.comAfp
More Asian markets mostly fell Monday with technology firms extending last week's sharp losses, following another plunge in Apple as investors fret over the once-lucrative smartphone sector. News Saturday that North Korean leader Kim Jong Un had called a halt to nuclear...
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Energy Finance, Oil & Gas
Trump accused OPEC of jacking up oil prices. Here's what he means
CNBCTom Dichristopher
Donald Trump President Donald Trump's broadside against foreign oil producers on Friday took investors by surprise and included some notable inaccuracies about the state of the oil market. On Friday, Trump aimed his social media firepower at OPEC, tweeting that the 14-member...
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Energy Finance, Oil & Gas
Trump can't do much more about high oil due to OPEC: Dan Yergin
CNBCMatthew J. Belvedere
OPEC's alliance with Russia has given international oil players renewed power to raise prices and they're not ready to give that up, said Dan Yergin, leading oil analyst and Pulitzer Prize-winning author. But even as President Donald Trump on Friday blasted the...
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Elections & Polls, Oil & Gas
Trump blasts OPEC, accusing the oil cartel of ‘artificially’ raising prices
Washington PostJohn Wagner
In a morning tweet, the president declared the practice ‘no good’ and set it ‘will not be accepted!’
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Energy Finance, Oil & Gas
Forget $100 oil. $75 is probably the ceiling this year, says Oman’s oil minister
CNBCSteve Sedgwick
Omani Energy Minister Mohammed bin Hamad al-Rumhi Oil prices probably won't rise much beyond recent highs near $75 a barrel, according to Minister Mohammed bin Hamad Al Rumhi of Oman. The forecast from the world's longest-serving oil minister comes amid reports that...
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Education, Energy & Utilities
Saudis see oil price on rise as Trump blasts OPEC
yahoo.com
Jeddah (Saudi Arabia) (AFP) - Saudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices. Faleh's statement at a...
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Crude Oil, Energy Finance
Sanctions imposed on Russia present a ‘huge risk,’ energy minister says
CNBCDavid Reid
The Russian energy minister said that sanctions imposed on his country are economic competition measures that impact negatively on its relations with certain countries. Prices of oil and metals have leaped following U.S. sanctions on Russia, which has raised investor fears over...
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Energy Finance, Oil & Gas
Russia says it might not stay committed to the OPEC oil deal until the end
CNBCSilvia Amaro
Russia may not support the ongoing oil supply-cutting deal led by OPEC until the end of the year, Russian Energy Minister Alexander Novak told Friday. OPEC, Russia and several other allied producers have spearheaded an ongoing effort to try to clear a...
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