OPEC Related Content

Banks Predict Crude to Average $63/Barrel

The Wall Street Journal reported that banks have raised their crude oil price forecasts for the sixth straight month and expect the price of Brent crude to average $63 a barrel this year. read more

U.S. Crude Oil Prices Rise to Three-Year High

The Wall Street Journal reported that U.S. crude oil prices have climbed to more than $70 a barrel as suppliers have capped production and stockpiles are shrinking. read more

Bloomberg: Oil Investor Optimism Soars After OPEC Deal

Bloomberg reported that OPEC’s decision to cut crude production caused oil investor optimism to rise to the highest level seen since the beginning of the slump. read more

IEA Anticipates Decline in Oil Production from Outside OPEC

According to Bloomberg, the International Energy Agency said that oil prices have passed their lowest point as shrinking supplies outside of OPEC eat into the global surplus. read more

Saudia Arabia-Iran Tensions Reveal Atypical Oil Market

Bloomberg reported oil prices changed very little despite diplomatic conflict between Saudi Arabia and Iran, which demonstrates the atypical state of the oil market. read more

Bloomberg: Shale in Danger Due to OPEC Pressure

According to the Energy Information Administration, companies operating in U. S. shale formations will cut back production by 570,000 barrels a day in 2016, Bloomberg reported. read more

Bloomberg: OPEC About to Crush the U.S. Oil Boom

Bloomberg reported that after a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output. read more

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