OPEC News

Crude prices sag as soaring American output compensates OPEC-led cuts
Crude prices sag as soaring American output compensates OPEC-led cuts
On Tuesday, crude prices dived, as surging American drilling activity compensated efforts by OPEC as well as other oil producers to cut crude production in a mo...
Commodity News 1 years ago (2017-02-02)
WTI bulls await OPEC production cut
WTI bulls await OPEC production cut
WTI Crude edged above $54 on Wednesday as investors prepared for the OPEC and non-OPEC production cut deal which is set to come into effect from January the 1st...
Market Analysis 2 years ago (2016-12-29)
 US Oil surplus halts OPEC progress
US Oil surplus halts OPEC progress
US Crude oil inventories rose 2.3 million barrels on Tuesday, shocking analysis forecasts of a 2.4 million barrels' reduction. As a results the oil market finis...
Market Analysis 2 years ago (2016-12-23)
 Asian Session – Oil jumps to 1-½ year high after non-OPEC producers agree to cut output
Asian Session – Oil jumps to 1-½ year high after non-OPEC producers agree to cut output
Oil prices surged more than 4 per cent on Monday after non-OPEC producers reached an agreement to cut production by 558,000 barrels a day starting in J...
Market Analysis 2 years ago (2016-12-12)
Oil slides on OPEC uncertainty
Oil slides on OPEC uncertainty
WTI Crude received a pummelling on Tuesday with prices sinking below $49.50 after reports displayed an inflated rise in U.S inventories which revived concerns o...
Market Analysis 2 years ago (2016-10-27)
Oil prices hit a one-year high after Russian president ready to sign on OPEC deal
Oil prices hit a one-year high after Russian president ready to sign on OPEC deal
Oil prices hit a one-year high on Monday after Russian president Vladimir Putin mentioned that Russia was ready to sign on to an OPEC deal to cap productio...
Market Analysis 2 years ago (2016-10-13)
Oil and commodity currencies jump on OPEC deal -XM 2016-9-29
Oil and commodity currencies jump on OPEC deal -XM 2016-9-29
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Global Markets 2 years ago (2016-09-29)
XM: OPEC deal to cut output boosts commodity currencies, risk appetite
XM: OPEC deal to cut output boosts commodity currencies, risk appetite
During today's Asian session the market was still dealing with the aftermath of yesterday's surprise decision by OPEC to limit its oil production.  The mar...
Market Analysis 2 years ago (2016-09-29)
XM: Oil rebounds ahead of OPEC talks; dollar subdued as focus shifts to US Presidential debate
XM: Oil rebounds ahead of OPEC talks; dollar subdued as focus shifts to US Presidential debate
It was a relatively subdued trading session on Monday as investors were cautious ahead of a debate between US presidential candidates Hillary Clinton and Donald...
Market Analysis 2 years ago (2016-09-26)
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