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OPEC Is Ready To Embrace $100 Oil

...It looks increasingly unlikely that OPEC will change its strategy if oil prices hit $100, with several of the cartel’s members claming they don’t...
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Oil Market Keeps Getting Stronger As Prices Blow Through $92

New York: Oil rocketed to a fresh seven-year high above $92 a barrel, and almost every indicator is pointing to the rally extending. The market’s...
Business

Oil Prices Jump As OPEC+ Sticks With 400,000 Bpd Output Hike

...OPEC+ confirms 400,000 bpd output hike in shortest meeting in its history. ...The ministers of the OPEC+ alliance, who met via video conference, rubberstamped in...
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OPEC+ Fails To Reach Production Targets In January

OPEC has again failed to meet its own production targets again in January as the group lifted production only 210,000 additional barrels per day...
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OPEC’s Shrinking Capacity Could Send Oil Above $100

...The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further. ...OPEC+ has been undershooting its...
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Oil Prices Fall Back Despite Bullish Predictions

Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast. Friday, January...
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OPEC Daily Basket Price Now $86.54 Per Barrel

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $86.54 per barrel as at...
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