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, September 19, 2017
 
Recommended for you
At midday: TSX hits six-week high as energy, financials drive gains
The Globe and Mail
Venezuela’s Crisis Deepens As Hurricane Approaches
OilPrice.com Daily News Update • Irina Slav
There's one big question mark hanging over OPEC heading into 2018
Business Insider • Elena Holodny
Fundamentals turn positive; crude oil may hit $55 level soon
The Economic Times of India • Harshal Barot
FOMC Target Inflation Rate Shows Up in Import & Export Prices
24/7 Wall St. • Jon C. Ogg
CANADA STOCKS-TSX hits six-week high as energy, financials drive gains
Daily Mail • Reuters
Mexico, Colombia & Laos want Russian grain
RT - Daily news • Rt
Nigeria: Investment Opportunities, Others to Feature in Govt's Petroleum Summit, Exhibition
AllAfrica
Iran Looks To Ramp Up Production
OilPrice.com Daily News Update • Tsvetana Paraskova
What's Driving the Turn of Events for Energy?
Forbes • Contributor Tortoise
 
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Federal Reserve, Oil & Gas
At midday: TSX hits six-week high as energy, financials drive gains
The Globe and Mail
Open this photo in gallery: Canada's main stock index rose to six-week highs on Tuesday, led by oil and gas companies, bolstered by oil prices near five-month highs, and by financial stocks. Cenovus Energy Inc advanced 2.4 per cent to $11.51, while...
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Oil & Gas, Oil Refineries
Venezuela’s Crisis Deepens As Hurricane Approaches
OilPrice.com Daily News UpdateIrina Slav
Oil traders have started to divert fuel shipments from their original destination in Venezuela as Hurricane Maria approaches the Caribbean, Reuters vessel tracking data has shown. Yet the hurricane, which moves at speeds of up to 125 mph, is not the only...
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Oil & Gas, Organization of the Petroleum Exporting Countries
There's one big question mark hanging over OPEC heading into 2018
Business InsiderElena Holodny
The Saudi oil minister, Khalid al-Falih, has worked hard over the past year to get the majority of the world's biggest producers to combat a global supply glut by honoring agreed-upon output cuts. Now, some are beginning to wonder what will happen...
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Crude Oil, Oil & Gas
Fundamentals turn positive; crude oil may hit $55 level soon
The Economic Times of IndiaHarshal Barot
Oil prices witnessed a strong rally last week as a few fundamental indicators turned positive. OPEC output declined last month along with a drop in its exports suggesting better compliance to output cuts. The monthly reports from both the OPEC and IEA...
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Currencies, Economic Policy
FOMC Target Inflation Rate Shows Up in Import & Export Prices
24/7 Wall St.Jon C. Ogg
When it comes to inflation, the U.S. Federal Reserve has had a hard time seeing prices rise in its 2.0% to 2.5% target range. Though consumer prices and producer prices have been running below 2.0% for the most part, it turns out...
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Oil & Gas, Oil Prices
CANADA STOCKS-TSX hits six-week high as energy, financials drive gains
Daily MailReuters
TORONTO, Sept 19 (Reuters) - Canada's main stock index rose to six-week highs on Tuesday, led by oil and gas companies, bolstered by oil prices near five-month highs, and by financial stocks. Canadian Natural Resources Ltd rose 0.9 percent to C$40.66, while...
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Oil & Gas, Organization of the Petroleum Exporting Countries
Mexico, Colombia & Laos want Russian grain
RT - Daily newsRt
The flourishing Russian agriculture sector is gaining momentum as more countries start buying the country's grain. Laos, Columbia, and Mexico, are the newest customers according to Russia's food and safety watchdog Rosselkhoznadzor. “New markets are opening, like Laos and Columbia, which have...
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Natural Gas, Oil & Gas
Nigeria: Investment Opportunities, Others to Feature in Govt's Petroleum Summit, Exhibition
AllAfrica
Nigeria's strong capabilities in the oil and gas sector and the investment opportunities available will be highlighted at the Nigeria International Petroleum Summit (NIPS) in Abuja from February 19 to 23, 2018. The government stated in a statement obtained by Vanguard that...
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Natural Gas, Oil & Gas
Iran Looks To Ramp Up Production
OilPrice.com Daily News UpdateTsvetana Paraskova
Iran’s crude oil production is expected to grow to 4 million bpd by the end of the current Iranian year, March 20, 2018, the chief executive of the National Iranian Oil Company (NIOC), Ali Kardor, told Iran’s news agency Tasnim on Tuesday....
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Crude Oil, Electric Vehicles
What's Driving the Turn of Events for Energy?
ForbesContributor Tortoise
What’s Driving the Turn of Events for Energy? Last week, Brent and WTI crude oil both reached price levels, not seen since spring. Industry reports and OPEC comments provids some insights.
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