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, November 22, 2017
 
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Wild swings in Iraq crude production give OPEC another problem
World Oil Online • Anthony Dipaola, Grant Smith
Futures Movers: Oil gains as traders look ahead to U.S. supply update, OPEC meeting
MarketWatch • Saefong
2 Reasons Why Suncor Energy Will Rally
Seeking Alpha • Sarfaraz A. Khan
The Real Risk For Valero
Seeking Alpha • Aristofanis Papadatos
Rumors Make Oil Go Up
Seeking Alpha • Dmitriy Gurkovskiy
Middle East tension may not mean what you think for crude oil
CNBC • Rebecca Ungarino
Nebraska Officials Approve the Keystone XL Pipeline—Energy Journal
The Wall Street Journal • Neanda Salvaterra
UPDATE 4-Oil steadies as caution sets in ahead of OPEC meeting
Reuters • Polina Ivanova
Iran’s president calls Arab League ‘worn-out’ body
Washington Post • Associated Press
UPDATE 2-Oil up on ongoing OPEC cuts, but rising US output weighs
Reuters • Henning Gloystein
 
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Oil & Gas, Oil Prices
Wild swings in Iraq crude production give OPEC another problem
World Oil OnlineAnthony Dipaola, Grant Smith
DUBAI and LONDON (Bloomberg) -- OPEC has an Iraq problem: the group’s second-biggest exporter is lurching between quota busting and production-crimping crisis, clouding the policy-making picture as ministers decide how long they need to extend output curbs. After consistently exceeding its output...
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Finance, Natural Gas
Futures Movers: Oil gains as traders look ahead to U.S. supply update, OPEC meeting
MarketWatchSaefong
Getty Images Oil headed higher Tuesday, as traders awaited an update on U.S. crude supplies that comes ahead of a key meeting of major producers next week. The U.S. data may help guide the Organization of the Petroleum Exporting Countries’ decision on...
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Accounting, Oil & Gas
2 Reasons Why Suncor Energy Will Rally
Seeking AlphaSarfaraz A. Khan
Summary Suncor Energy will increase its production to 760,000 boepd following the startup of Fort Hills and Hebron projects. The production growth, which will come in a more than $50 a barrel oil price environment, will push Suncor Energy’s earnings and cash...
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Biofuels, Energy Regulation
The Real Risk For Valero
Seeking AlphaAristofanis Papadatos
Summary Most shareholders of VLO are worried about the increasing costs of biofuels credits. However, the company is facing a much greater risk. The higher the price of oil, the greater the pressure on the refining margins. While Valero (VLO) is trading...
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Oil & Gas, Oil Shale
Rumors Make Oil Go Up
Seeking AlphaDmitriy Gurkovskiy
Summary Oil went up due to rumors about the OPEC+ agreement. The closer the end of November is, the more volatile oil may become. “Bulls” may be slowed down by oil stock reports from the USA. The oil market has another reason...
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Crude Oil, Oil & Gas
Middle East tension may not mean what you think for crude oil
CNBCRebecca Ungarino
Ahead of next week's OPEC meeting in Vienna, strategists are closely watching swings in crude oil prices, which are faltering after weeks of gains. Despite political tensions involving oil superpower Saudi Arabia and OPEC's promises to cut production, crudeprices could come down...
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Coal Industry, Crude Oil
Nebraska Officials Approve the Keystone XL Pipeline—Energy Journal
The Wall Street JournalNeanda Salvaterra
“The Nebraska Public Service Commission in a 3-2 vote approved Keystone XL’s route through the state, which would extend and expand the company’s Keystone pipeline network to carry oil 1,700 miles from Alberta in Canada to Steele City, Neb.,” the Journal reports....
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Crude Oil, Natural Gas
UPDATE 4-Oil steadies as caution sets in ahead of OPEC meeting
ReutersPolina Ivanova
LONDON () - Oil prices were only slightly firmer on Tuesday as traders looked ahead to a meeting next week at which major crude exporters are expected to extend production cuts but the prospect of rising U.S. output capped gains. Brent crude...
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International Security, Oil & Gas
Iran’s president calls Arab League ‘worn-out’ body
Washington PostAssociated Press
Iran’s President Hassan Rouhani has criticized the Arab League for supporting Saudi Arabia and its role in the war in Yemen.
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Crude Oil, Oil & Gas
UPDATE 2-Oil up on ongoing OPEC cuts, but rising US output weighs
ReutersHenning Gloystein
SINGAPORE () - Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was canceled out by rising output in the United States. Brent crude futures LCOc1, the international benchmark for oil prices, were...
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