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 Sunday, February 18, 2018
 
Recommended for you
Crude Oil's Correction Is Healthy For The Future
Seeking Alpha • Andrew Hecht
OPEC Considers Moving the Goalposts - Here's Where They Might Go
Bloomberg • Grant Smith
Rising US supply a big overhang on crude prices
The Economic Times of India • Harshal Barot
Nigeria Buys Spot Gasoline Cargoes to Stem Two-Month Fuel Shortage
Bloomberg • Elisha Bala-Gbogbo
Oil gains as dollar sags near 3-year low; many Asian markets shut
The Economic Times of India
Oil gains as dollar sags near 3-year low
CNBC • Tom Dichristopher
Growth Energy says EIA’s Annual Energy Outlook 2018 sees bright future for biofuels
Biofuels Digest • Meghan Sapp
Africa's top oil producer poised to give OPEC an output headache
World Oil Online • Elisha Bala-Gbogbo
Shale Sector Settles Into New Sweet Spot At $65 A Barrel
Forbes • Contributor, Dan Eberhart
Energy sector ETFs fall, pressured by equipment companies
MarketWatch • Ryanvlastelica
 
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Crude Oil, Oil & Gas
Crude Oil's Correction Is Healthy For The Future
Seeking AlphaAndrew Hecht
Summary A high on January 25. Long oil became a crowded trade. Brent-WTI signaled a correction. A bull trading pattern on Valentine's Day. Geopolitics point to upside risk, but supplies are increasing. The recent downside correction in crude oil was long overdue....
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Oil & Gas, Organization of the Petroleum Exporting Countries
OPEC Considers Moving the Goalposts - Here's Where They Might Go
BloombergGrant Smith
Saudis, Russia say 5-year stockpile average is flawed measure Changing the target could reinforce need for full year of cuts After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So...
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Oil & Gas, Oil Prices
Rising US supply a big overhang on crude prices
The Economic Times of IndiaHarshal Barot
Oil prices saw the much-needed correction last week as markets finally took note of rising US production. WTI prices declined almost 10 per cent and Brent nearly 8 per cent as US production notched a record 10.25 mbpd last week. The risk-on...
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Oil & Gas, Oil Refineries
Nigeria Buys Spot Gasoline Cargoes to Stem Two-Month Fuel Shortage
BloombergElisha Bala-Gbogbo
NNPC purchasing 625,000 barrels a day to alleviate shortfall Nation relies on imports for most of its refined fuel needs Nigeria is buying 100 million liters of gasoline from the spot market daily to end a two-month long fuel shortage that the...
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Crude Oil, Energy Finance
Oil gains as dollar sags near 3-year low; many Asian markets shut
The Economic Times of India
LONDON/TOKYO: OilBSE -0.22 % prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their biggest weekly gain in six years. US West Texas Intermediate crude for March delivery was up 6 cents at $61.40...
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Crude Oil, Energy Finance
Oil gains as dollar sags near 3-year low
CNBCTom Dichristopher
Oil prices stood near a one-week high on Friday as global equities headed for their biggest weekly gain in six years as the dollar slipped to a three-year low. U.S. West Texas Intermediate crude for March delivery ended Friday's session up 34...
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Biofuels, Coal Industry
Growth Energy says EIA’s Annual Energy Outlook 2018 sees bright future for biofuels
Biofuels DigestMeghan Sapp
In Washington, federal forecasts in the U.S. Energy Information Administration’s (EIA) newly released Annual Energy Outlook 2018 (AEO2018) demonstrate a clear and growing need for U.S. biofuels says Chris Bliley, vice president of regulatory affairs at Growth Energy. The EIA “reference” case,...
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Oil & Gas, Oil Refineries
Africa's top oil producer poised to give OPEC an output headache
World Oil OnlineElisha Bala-Gbogbo
Domestic Nigerian producers are aiming to pump almost 250,000 bopd more by 2020 as part of a wider plan for the nation to lift output to 2.5 MMbpd, Oil Ministry data show. Shoreline Group, the third-biggest independent, wants to double output by...
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Oil & Gas, Organization of the Petroleum Exporting Countries
Shale Sector Settles Into New Sweet Spot At $65 A Barrel
ForbesContributor, Dan Eberhart
When oil prices cratered from the high $80s in 2014 to below $40 in 2016, the U.S. upstream sector went looking for a rallying cry, and “$50 is the new $80” became the mantra. Oil prices of $80 and higher had funded...
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Crude Oil, Finance
Energy sector ETFs fall, pressured by equipment companies
MarketWatchRyanvlastelica
The S&P energy sector fell on Thursday, bucking the advance of the broader market as crude-oil prices fell. The Energy Select Sector SPDR ETF , the most widely used exchange-traded fund to track the sector, fell 0.8%, extending its recent decline. The...
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