OPEC Newswire

OPEC Newswire

Comprehensive Real-Time News Feed for OPEC (Organization of the Petroleum Exporting Countries).

Results 1 - 20 of 62,429 in OPEC (Organization of the Petroleum Exporting Countries)

  1. Kuwaiti official says OPEC-led production cuts not workingRead the original story w/Photo

    2 min ago | UPI

    ... "This plan has failed to notch up the ultimate goal of rebalancing the oil market, mainly due to the reluctance of OPEC and non-OPEC producers to cut oil output," he was quoted by KUNA as saying. Iranian Oil Minister Bijan Zageneh said Wednesday ...

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  2. Oil prices showing clear signs of daily gainsRead the original story w/Photo

    2 min ago | UPI

    ... Thursday the plan has so far failed to reach its goal of rebalancing the oil market, "mainly due to the reluctance of OPEC and non-OPEC producers to cut oil output." On the economic front, markets could be reacting to Tropical Storm Cindy, which ...

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  3. Oil prices rebound modestly but concerns remainRead the original story w/Photo

    7 min ago | Fredericksburg.com

    ... markets this week has been oil prices, which fell Wednesday to their lowest levels since August even though the OPEC oil cartel has along with Russia reduced production. On Thursday, a barrel of benchmark New York crude was up 19 cents at $42.72 a ...

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  4. Wednesday is becoming oil's least favorite dayRead the original story w/Photo

    18 min ago | Houston Chronicle

    ... 100 million barrels above the five-year average. The weekly falls illustrate rising concern that a concerted effort by OPEC members to cut output won't be enough to rebalance the market and crimp U.S. production. Prices for both WTI and the ...

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  5. Oil Gains After Falling Into Bear Market as U.S. Supply RisesRead the original story

    19 min ago | The Washington Post

    ... cuts will be difficult, according to Iran's Oil Minister Bijan Namdar Zanganeh. On Tuesday, a technical committee of OPEC and non-OPEC members is said to have discussed the increasing production in Libya and Nigeria. "The risk sentiment in general ...

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  6. Gas prices: Will they keep falling?Read the original story w/Photo

    44 min ago | PennLive.com

    In this Wednesday, May 6, 2015, file photo, cars line up as an attendant pumps gas at a station in Portland, Ore. that Libya and Nigeria increased output last month, could lead to gas prices across the nation continuing to fall through the end of June," according to AAA.

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  7. Europe midday: Oil shares slip towards seven-month lowRead the original story w/Photo

    47 min ago | Live Charts

    ... a barrel on the ICE following a sharp fall the day before. Some City-based traders referenced downbeat remarks from OPEC producers regarding the possibility of further output cuts as the reason behind the weakness in oil. Analysts for their part ...

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  8. Oil falls again, despite decline in US crude suppliesRead the original story w/Photo

    54 min ago | Fulton Sun

    The recent drop in price indicates that efforts by OPEC and 10 other oil-producing countries to cut their production to reduce a supply glut and push prices higher are falling short. While Russia, Saudi Arabia and other nations involved in the deal have met their targeted cuts, an unforeseen increase in U.S. supply has countered these efforts.

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  9. OAS nations wind up empty handed on Venezuela condemnationRead the original story

    1 hr ago | Stabroek News

    ... Minister Luis Videgaray told reporters. Venezuelan President Nicolas Maduro is accused by opponents of leading the OPEC member toward dictatorship by delaying elections, jailing opposition activists and pressing to overhaul the constitution. ...

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  10. Stock futures flat as oil prices rebound from multi-year lowsRead the original story

    1 hr ago | Fox News

    U.S. stock index futures were little changed on Thursday as oil edged up from multi-month lows but prices remained under pressure. U.S. crude futures were up 0.4 percent at $42.70 per barrel.

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  11. Brent edges back above $45 as global oil prices riseRead the original story

    1 hr ago | Fox News

    ... for a lot of producers," Michael Burns, oil and gas partner at law firm Ashurst, said. "a ZThe question is whether OPEC will respond with further cuts or whether it needs to look again at its macro strategy for addressing low prices." U.S. crude ...

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  12. It's Deja Vu For The DollarRead the original story w/Photo

    1 hr ago | Seeking Alpha

    ... peaking in late February, crude has dropped around -20% in the wake of the initial OPEC-led production cut. Note: OPEC and non-OPEC oil producers' compliance with the output deal reached 106 percent in May. However, a number of producers - notably ...

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  13. Chesapeake Emerging As The Wiser Shale Producer This YearRead the original story w/Photo

    1 hr ago | Seeking Alpha

    ... easily see prices reach $60/barrel towards the end of the year as demand will pick up in the second half, while the OPEC quota remains in place. Within the context of the downturn in oil prices being prolonged for now, Chesapeake is most definitely ...

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  14. A Reduced Payout Could Be Coming for These High-Yield Dividend StocksRead the original story w/Photo

    1 hr ago | The Motley Fool

    ... oil prices down below $43 a barrel on Tuesday, the oil market as a whole is off 23% from where it started the year. OPEC is cutting production in an attempt to shore up prices. Problem is, there's such a glut of supply already in storage that just ...

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  15. Seadrill: Plunging Oil Prices Reduce Shareholders' ChancesRead the original story w/Photo

    1 hr ago | Seeking Alpha

    ... and currently is in a clear downtrend. A test of a $40 level is a real possibility for WTI. The key card - OPEC/non-OPEC decision to extend production cuts - has already been played and provided no support for oil prices. In this light, dayrate and ...

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  16. Oil Prices Are Unsustainable and This Is a Buying Opportunity, Says Goldman SachsRead the original story w/Photo

    1 hr ago | TheStreet.com

    ... oil prices. A ramp up in shale oil output over the past year has reduced U.S. imports and offset production cuts by OPEC producers and Russia to leave oil prices wallowing near their lowest point since November. The dip in oil prices has been ...

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  17. Before the Bell: Five things every Canadian investor needs to knowRead the original story w/Photo

    1 hr ago | The Globe and Mail

    ... brief rallies, completely erasing gains at the end of the year in the wake of the initial OPEC-led production cut. OPEC and other producers agreed to cut output by 1.8 million barrels per day from January for six months, subsequently extended for a ...

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  18. How Saudi prince Salman's rise may affect global oil pricesRead the original story w/Photo

    3 hrs ago | The Times of India

    ... cuts seem to be having little impact on the persistent glut of oil for sale. The higher prices resulting from OPEC cuts have prompted increased production from shale oil producers in the United States and by other rivals, undercutting the cartel's ...

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  19. Us Stocks-Futures flat as oil prices remain under pressureRead the original story w/Photo

    Friday Jun 2 | Reuters

    U.S. stock index futures were little changed on Thursday as oil edged up from multi-month lows but prices remained under pressure. U.S. crude futures CLc1 were up 0.4 percent at $42.70 per barrel.

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  20. Oil keeps a lid on European shares, Novartis drives health stocksRead the original story w/Photo

    1 hr ago | Reuters

    LONDON, June 22 European shares were in store for another weak session on Thursday, pegged back by the slide in commodities-related sectors on the back of depressed oil prices. The pan-European STOXX 600 index was down 0.4 percent, on track for its third day of straight losses, while the blue chips dropped 0.6 percent.

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