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 Tuesday, November 21, 2017
 
Recommended for you
Wild swings in Iraq crude production give OPEC another problem
World Oil Online • Anthony Dipaola, Grant Smith
CUE THE WORLD’S SMALLEST VIOLIN: Iraq Is Giving OPEC a Headache. The Organization of Petroleum Ex…
PJMedia • Stephen Green
Officials: Acting Citgo president detained in Venezuela
yahoo.com • Associated Press
Saudi Corruption Crackdown Could Permanently Boost Oil Prices
OilPrice.com Daily News Update • Cyril Widdershoven
GULF STEEL BILLET, REBAR: Falling prices fail to revive import demand
International Financial Law Review
Is U.S. Energy Independence Realistic?
OilPrice.com Daily News Update • Robert Rapier
At midday: TSX jumps on broad rally led by banks, resource stocks
The Globe and Mail
Keystone XL Pipeline gets a step closer to completion
High Country News - Writers on the Range
Saudia targets earlier return to profit, possible...
Daily Mail • Reuters
As energy revenue falls, Algeria struggles to cut...
Daily Mail • Reuters
 
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Oil & Gas, Oil Prices
Wild swings in Iraq crude production give OPEC another problem
World Oil OnlineAnthony Dipaola, Grant Smith
DUBAI and LONDON (Bloomberg) -- OPEC has an Iraq problem: the group’s second-biggest exporter is lurching between quota busting and production-crimping crisis, clouding the policy-making picture as ministers decide how long they need to extend output curbs. After consistently exceeding its output...
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Economic Policy, Oil & Gas
CUE THE WORLD’S SMALLEST VIOLIN: Iraq Is Giving OPEC a Headache. The Organization of Petroleum Ex…
PJMediaStephen Green
CUE THE WORLD’S SMALLEST VIOLIN: Iraq Is Giving OPEC a Headache. The Organization of Petroleum Exporting Countries, due to meet next week in Vienna, is already grappling with volatile production in Nigeria and Libya, and Iraq adds another layer of unpredictability. For...
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Oil & Gas, Organization of the Petroleum Exporting Countries
Officials: Acting Citgo president detained in Venezuela
yahoo.comAssociated Press
More CARACAS, Venezuela (AP) — Venezuelan authorities detained the acting president of Citgo, the state-owned oil company's U.S. subsidiary, and five other executives for their alleged involvement in a corruption scheme, officials said Tuesday. Chief prosecutor Tarek William Saab said Jose Pereira...
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Oil & Gas, Oil Prices
Saudi Corruption Crackdown Could Permanently Boost Oil Prices
OilPrice.com Daily News UpdateCyril Widdershoven
The Middle East is heading for a major showdown, if statements made by Saudi Crown Prince Mohammed bin Salman (MBS) and UAE’s minister of Foreign Affairs Gargash are to be taken literally. Over the last couple of weeks, the Gulf region has...
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Oil & Gas, Organization of the Petroleum Exporting Countries
GULF STEEL BILLET, REBAR: Falling prices fail to revive import demand
International Financial Law Review
The rebar and steel billet import markets in the United Arab Emirates and Saudi Arabia remained weak over the past seven days, despite some prices falling, sources told Metal Bulletin on Tuesday November 21.
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Energy Finance, Oil & Gas
Is U.S. Energy Independence Realistic?
OilPrice.com Daily News UpdateRobert Rapier
Last week I had articles published in both Forbes and the Wall Street Journal (WSJ) addressing a recent report from the International Energy Agency (IEA). The IEA made headlines when it projected in its World Energy Outlook 2017 that the U.S. would...
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Crude Oil, Oil & Gas
At midday: TSX jumps on broad rally led by banks, resource stocks
The Globe and Mail
Open this photo in gallery: Canada's main stock index rose to a 12-day high on Tuesday, boosted by financial stocks, miners and energy companies including TransCanada Corp, which added to gains after winning a key approval for its Keystone XL pipeline on...
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Climate Change, Greenhouse Gases
Keystone XL Pipeline gets a step closer to completion
High Country News - Writers on the Range
This article was originally published on Mother Jones and is republished here as part of the Climate Desk collaboration. The Nebraska Public Service Commission removed a major regulatory roadblock to the construction of the controversial Keystone XL pipeline on Monday. Though that...
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Airline Industry, Oil & Gas
Saudia targets earlier return to profit, possible...
Daily MailReuters
By Alexander Cornwell SHARJAH, United Arab Emirates, Nov 21 (Reuters) - Saudi Arabian Airlines is on track to return to full-year profitability in 2019, 12 months earlier than planned, and could order wide-body jets next year, its most senior executive said on...
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Currencies, Organization of the Petroleum Exporting Countries
As energy revenue falls, Algeria struggles to cut...
Daily MailReuters
By Hamid Ould Ahmed ALGIERS, Nov 21 (Reuters) - Algeria is trying to cope with falling revenue from oil and gas by cutting imports, which deplete its shrinking supply of the hard currency needed to pay for products made abroad. It's not...
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