OPEC

OPEC increases non-members production forecast raising concern over US supplies

Oil cartel, the Organisation of Petrol Exporting countries (OPEC), raised its forecast for rival oil-supply growth by 160,000 barrels per…

Oil prices up on falling US crude stocks, militants’ threat to attack sector in Nigeria

Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as militants in Nigeria threatened to…

Oil prices slip as analysts warn correction after 13% gain in past month

Oil prices slipped slightly Wednesday but remained firm underpinned by tightening supply and strong global demand. This is just as…

Pressure rising on OPEC to develop long-term output plan

The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale…

OPEC will try to talk prices down if oil tops $70, Goldman says

OPEC would try to talk down an oil rally above $70 a barrel to cushion the impact on the global…

OPEC’s cheer over 2018 oil rally tinged by shale worries

Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but…

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