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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.
WTI Crude Forecast: Risk premium fades, supply pressures mount, bearish trend ahead
WTI crude oil prices drop 18% from June highs as geopolitical risks ease. Rising US inventories, possible Russian oil sanction cuts, and OPEC+ hikes signal further downside, with bearish technicals pointing to lower levels.
Weak US labor market data increased the likelihood of a Fed rate cut. Oil prices fall amid rumors that OPEC plans to raise production :: InvestMacro
InvestMacro forex news, trading apps & technical analysis including Currency trading blog, Metatrader 4 apps, indicators, interviews and financial market articles
Baystreet.ca - Oil Prices Set for Dramatic Weekly Drop on Tariff Fallout
Crude oil prices were headed for a steep weekly drop as of Friday morning, with a combination of tariff fears and OPEC+ production instilling a strong sense of bearishness in oil traders. At the time of writing, Brent crude was trading at $66.39 ...
Federal Reserve Independence: Not Just a Good Idea, It’s the Law - Conversable Economist
Back in 1974, in the aftermath of the OPEC oil embargo, the National Maximum Speed Law was passed by Congress and signed into law by President Richard Nixon. It required all states to enact a maximum speed limit of 55 miles per hour, or else to face a cutoff of federal highway funding. The goal
Baystreet.ca - Asia Faces Zero Growth in Demand For Petroleum Products
Earlier this week, China’s Sinopec reported a plunge in its first-half profit, citing subdued fuel demand as a reason. According to Kpler, sluggish fuel demand is a global trend, and it is set to extend into next year as well. The energy research ...
WTI steady as NFP and OPEC+ loom, India stands firm against US backlash
West Texas Intermediate (WTI) Crude Oil is rebounding modestly on Monday, trading near $64.45 after logging its first monthly decline since April with a 7.42% drop in August as rising US supply and weaker seasonal demand weighed on sentiment.