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, May 29, 2017
 
Recommended for you
Enough reason for RBI to go for a rate cut soon?
The Economic Times of India • Joel Rebello
Asian markets mostly flat after N.Korea missile test; China, US shut for holidays
CNBC
Oil prices stay weak as US drilling undermines drive to tighten markets
The Economic Times of India
RPT-OPEC oil cut extension renews Asia's crude supply worries
Reuters
Asia steady on firmer Wall Street, pound nurses losses
Reuters • Shinichi Saoshiro
KG Basin to see $30 billion investment in 10 years: Dharmendra Pradhan
The Economic Times of India • Sanjeev Choudhary
What Is Going On With Oil?
Seeking Alpha • Maksim Koliakov
Oil - The Great Equalizer
Seeking Alpha • Mark J. Grant
Will Russia Stick to Promise to Cut Output With OPEC? Skepticism Abounds
The New York Times • Andrew E. Kramer
Money woes: MidEast finance professionals are paid less and work longer hours... but women in their 20s earn way more than men
Zawya • Yasmine Saleh
 
Recommended for You
Economic Policy, Federal Reserve
Enough reason for RBI to go for a rate cut soon?
The Economic Times of IndiaJoel Rebello
MUMBAI: A sharp fall in global crude oil prices over the last few days, predictions of a better monsoon and limited impact from the goods and services tax on inflation may push the Reserve Bank of India (RBI) to soften its stance...
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Crude Oil, Currencies
Asian markets mostly flat after N.Korea missile test; China, US shut for holidays
CNBC
Markets in Asia were mostly flat in Monday trade after the latest missile test by North Korea this morning.
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Crude Oil, Oil & Gas
Oil prices stay weak as US drilling undermines drive to tighten markets
The Economic Times of India
Analysts say that key to reining in ongoing oversupply will be to reduce bloated global fuel inventories.
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Hedge Funds, Oil & Gas
RPT-OPEC oil cut extension renews Asia's crude supply worries
Reuters
(Repeats item issued earlier, with no change to text) * OPEC, allies extend production cuts through March 2018 * Investors see ongoing glut, refiners say market may tighten * Other supplies readily available, from U.S., Russia, Africa * Rising U.S. oil volumes...
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Bank of America, Currencies
Asia steady on firmer Wall Street, pound nurses losses
ReutersShinichi Saoshiro
Asian stocks steadied early on Monday, taking cues from Wall Street shares hovering around record highs, while the pound nursed losses after a poll showed a shrinking lead for Prime Minister Theresa May's party in Britain's upcoming elections. MSCI's broadest index of...
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Natural Gas, Oil & Gas
KG Basin to see $30 billion investment in 10 years: Dharmendra Pradhan
The Economic Times of IndiaSanjeev Choudhary
India’s gas output and refining capacity is poised to jump in the decade ahead, oil minister Dharmendra Pradhan said. In an interview to ET, Pradhan said Indian refineries would easily switch from transportation fuels to petrochemicals if needed. The minister also spoke...
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Crude Oil, Oil & Gas
What Is Going On With Oil?
Seeking AlphaMaksim Koliakov
Summary The market drivers stay the same. The overall picture doesn't change – oil is under pressure. Saudi Arabia and OPEC have their own goals. Short-term correction is the answer. During the past 3 weeks, we have seen a lot of volatility...
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Natural Gas, Oil & Gas
Oil - The Great Equalizer
Seeking AlphaMark J. Grant
Balance the budget? Stop terrorism? Pull the rug out from under Russia? Re-shape the Middle East? All of this can be done, and can be done by the United States, without military force, and the epicenter of all of this, is oil....
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Energy Finance, Environment
Will Russia Stick to Promise to Cut Output With OPEC? Skepticism Abounds
The New York TimesAndrew E. Kramer
MOSCOW — Global oil prices were in a deep slump. And because oil profits lubricate the Russian economy, the Kremlin was casting about for a solution. So Russia’s leaders set politics aside and cut a deal with Saudi Arabia: Russia agreed to...
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Human Resources, Oil & Gas
Money woes: MidEast finance professionals are paid less and work longer hours... but women in their 20s earn way more than men
ZawyaYasmine Saleh
28 May 2017 Female employees working in the finance and accountancy sectors in the Middle East and Africa generally earn more than their male counterparts, with women in their 20s taking home considerably more, according to a new global survey. The results...
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