OPEC News

What is said and done by OPEC is widely regarded to have a direct impact on the price of oil in the world. This in turn has an impact on the US economy, and on consumers. It is not surprising, therefore, that so many people want to stay up-to-date with OPEC news through the daily digest service offered by Wiser. OPEC stands for the Organization of the Petroleum Exporting Countries and it represents the nations that dominate the export of oil. It was founded in 1960 by Iran, Iraq, Kuwait and Venezuela, but has since grown to comprise several other countries including Saudi Arabia, United Arab Emirates, Qatar and Libya. In 2014, there were 12 nations in OPEC and its members are thought to account for as much as 78 percent of the world's oil reserves. OPEC sets production targets for each of its member countries which effectively controls a significant proportion of world oil production and is used as a lever to control prices. Sign up today for the Wiser daily OPEC news email. It is a free digest delivered to your inbox containing articles on OPEC from around the web.

Recent OPEC News Coverage
 
Your Weekly Recommendations Wednesday, July 26, 2017
 
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Oil prices rise as falling U.S. inventories stoke rebalancing hopes
Reuters • Libby George
Helium production in the world
Al Jazeera
Buy Exxon To Play A Rebound In Oil Prices
Forbes • Contributor, Jim Collins
The charts are pointing to a comeback for crude: Trader
CNBC
UPDATE 2-UAE buys first U.S. oil cargo to replace Qatar condensate -sources
Reuters • Florence Tan, Jessica Jaganathan
Oil jumps as U.S. producers pull back, inventories drop
CBC Radio-Canada • Tracy Johnson
OPEC's Pulling Through... But It Could Do Better
Seeking Alpha • Daniel Jones
Oil Climbs From Seven-Week High on Signs U.S. Stockpiles Plunged
Bloomberg • Ben Sharples
Venezuela enters crisis week as vote for new constituent assembly approaches
CNBC • Luke Graham
Futures Movers: Oil rally continues, as optimism builds ahead U.S. supply data
MarketWatch
 
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Crude Oil, Oil & Gas
Oil prices rise as falling U.S. inventories stoke rebalancing hopes
ReutersLibby George
Kham LONDON () - Oil prices rose to near eight-week highs on Wednesday, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures LCOc1 rose 40 cents to $50.60 a barrel by 1213...
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Natural Gas, Oil & Gas
Helium production in the world
Al Jazeera
Helium is one of the most abundant elements in the universe, forming about 23 percent of all matter. It becomes a liquid at the lowest boiling point of any element. But because it is lighter than air, most of it escapes into...
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Crude Oil, Natural Gas
Buy Exxon To Play A Rebound In Oil Prices
ForbesContributor, Jim Collins
Oil has a bid! International benchmark Brent crude futures broke through the $50/barrel mark in Tuesday's trading and U.S. benchmark West Texas Intermediate crude futures followed suit and are quoted at $48.35/barrel in recent trading. Oil prices are subject to constantly shifting...
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Oil & Gas, Organization of the Petroleum Exporting Countries
The charts are pointing to a comeback for crude: Trader
CNBC
The crude comeback is far from over, according to Todd Gordon of TradingAnalysis.com.
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Oil & Gas, Organization of the Petroleum Exporting Countries
UPDATE 2-UAE buys first U.S. oil cargo to replace Qatar condensate -sources
ReutersFlorence Tan, Jessica Jaganathan
SINGAPORE () - The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. The UAE...
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Oil & Gas, Oil Shale
Oil jumps as U.S. producers pull back, inventories drop
CBC Radio-CanadaTracy Johnson
In the three-year-long drama that is the oil market, there was some good news this week, with signs that both U.S. shale producers and OPEC may be exercising some discipline. The U.S. oil rig count dropped two of the past four weeks,...
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Oil & Gas, Organization of the Petroleum Exporting Countries
OPEC's Pulling Through... But It Could Do Better
Seeking AlphaDaniel Jones
Summary In this piece, I decided to look at some recent developments from OPEC, which show the group is dedicated toward reducing global oil inventories Saudi Arabia announced plans to cut back on exports, while Nigeria agreed to an output cut Rising...
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Crude Oil, Oil & Gas
Oil Climbs From Seven-Week High on Signs U.S. Stockpiles Plunged
BloombergBen Sharples
Nationwide stockpiles drop 10.2 million barrels last week: API U.A.E. pledges further production curbs starting in September Oil extended gains from the highest close in seven weeks as industry data showed U.S. crude stockpiles plunged, easing a glut. Futures climbed as much...
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Energy Finance, Oil & Gas
Venezuela enters crisis week as vote for new constituent assembly approaches
CNBCLuke Graham
Venezuela's President Nicolas Maduro is pressing ahead with a controversial election to form a new government that opponents and analysts fear will damage the country's democracy and allow him to cement his leadership. The election for the National Constituent Assembly (ANC) will...
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Crude Oil, Finance
Futures Movers: Oil rally continues, as optimism builds ahead U.S. supply data
MarketWatch
Getty Images Oil built on Tuesday’s sharp gain Wednesday, supported by views that U.S. inventories may have fallen sharply last week. Supplies are estimated to have dropped 10.2 million barrels, says the American Petroleum Institute. The industry group’s figure is quadruple the...
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