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Discover Latest #OPEC News, Articles and Videos with Contenting
OPEC OPEC (Organization of the Petroleum Exporting Countries) is a group of 13 major oil-exporting nations, including Saudi Arabia, Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, the United Arab Emirates, Venezuela and Indonesia. The mission of the organization is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. OPEC works to ensure the stability of global oil prices and promote the development of economic and social projects in member countries. OPEC also works to reduce global dependence on oil and promote the use of alternative energy sources.
Baystreet.ca - Oil Prices Dip as OPEC+ Boosts Supply
Crude oil prices began trading with a loss this week as traders anticipated another OPEC+ supply boost next month at a rate of 411,000 barrels per day, taking the cumulative increase this year to 1.78 million barrels daily, according to preliminary reports. At ...
Crude Oil Prices Slip as OPEC+ Expected to Boost Production
August WTI crude oil (CLQ25 ) Monday closed down -0.41 (-0.63%), and August RBOB gasoline (RBQ25 ) closed up +0.27 (+0.13%). Crude oil and gasoline prices on Monday settled mixed. Crude was under pressure Monday due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd...
Oil Falls as Mideast Tensions Ease Ahead of OPEC+ Decision
(Bloomberg) -- Oil edged down after its biggest weekly loss in two years as traders speculated on the volume of an expected OPEC+ supply hike and fears of Middle East tensions disrupting global oil flows dissipated.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsPhiladelphia Transit System Votes to Cut Service by 45%, Hike FaresSqueezed by Crowds, the Roads of Central Park Are Being ReimaginedSao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City CenterSp
Crude Traders Waiting on OPEC+ Decision | Tickmill
Crude Still StuckOil prices continue to tread water mid-week as the consolidation continues following the heavy declines we saw over the end of July. Crude futures shed around 17% from YTD highs as the market reversed the moves seen in response to news of
Another fuel price rollback seen next week - BusinessWorld Online
OIL PRICES may continue to decline next week amid easing geopolitical risks in the Middle East and a possible increase in oil production by the Organization of the Petroleum Exporting Countries and its allies (OPEC+), an industry player said. “World crude oil and refined fuel prices fell this week due to easing of geopolitical risk, […]
Baystreet.ca - Standard Chartered: Oil Markets Can Easily Absorb Extra OPEC+ Barrels
Oil markets kicked off the new year in a downbeat mood, with Wall Street analysts almost unanimously predicting a huge oversupply in 2025 even if OPEC+ did not add a single barrel back into the market. Well, it’s six months on, and oil markets have continued ...