Organization of the Petroleum Exporting Countries

Oil price rises toward $85 amid Iranian supply shortage

Oil prices on Thursday rose close to $82 a barrel amid fears of a supply shortage as the U.S. prepares…

By Businessam Staff
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OPEC August oil output hits 2018 high despite Iran losses, Reuters survey shows

According to a Reuters survey on Friday, the 15-member Organization of the Petroleum Exporting Countries (OPEC) has pumped 32.79 million…

Oil price rises as U.S. sanctions on Iran cloud supply outlook

Oil price rose on Friday as United States sanctions on Iran are expected to cut significant volumes of crude from…

Oil edges up on Saudi output cut and Iran sanctions

Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, though concerns over a slowdown…

Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches

Oil prices are likely to hold fairly steady this year and next as increased output from OPEC and the U.S.…

Metals prices rebound after risk-on trading returns

Three-month base metals prices on the London Metal Exchange were up across the board on Wednesday, with the complex up…

Saudi Arabia struggles to convince OPEC members, Gulf allies to raise oil output

Saudi Arabia is finding it difficult to convince fellow OPEC members and Gulf allies on the need to raise oil…

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