Home >> Info On: OPEC

The Latest News about OPEC

‘This Is Masochism’: Russia Wages An Oil War Against Saudi Arabia, US Amid Coronavirus Concerns

Oil prices tumbled Monday as Saudi Arabia and Russia haggle over whether to reduce crude production amid fears that coronavirus will hamper air travel and potentially wreck the global economy. Prices fell into the $30s as the Saudis push for a cut in output to prop up prices, while Russia went the others way, and decided to infuse the market ...

Read More »

US Reliance On OPEC Oil Hits 30-Year Low

U.S. crude oil imports from the Saudi Arabian-led Organization of the Petroleum Exporting Countries (OPEC) fell to a 30-year low, according to the latest federal figures. OPEC imports fell to 1.5 million barrels per day in March 2019, which is the lowest level since March 1986, the U.S. Energy Information Administration reported Thursday. EIA said OPEC imports fell “as domestic ...

Read More »

Trump Warns Saudi Arabia: ‘Relax And Take It Easy’ With Oil Price Hikes

President Donald Trump told Saudi Arabia, Russia and their oil cartel partners to “take it easy” on efforts to tighten supplies and raise the price of crude. “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” Trump tweeted Monday morning in a clear signal to the Saudi-led Organization of ...

Read More »

ROPEC? Saudis Look To Build New Oil Cartel With Russia

Looking to bolster its influence on the international oil market, Saudi Arabia is pushing Russia to enter into a formal pact with the Organization of Petroleum Exporting Countries (OPEC). A bold motion will be proposed when OPEC members and other partners meet in Vienna on Feb. 18. Saudi Arabia, the undisputed leader of OPEC, will push a 10-member group of ...

Read More »

OPEC Believes US Shale Boom Won’t Last Long

OPEC predicts that competition with the U.S. will drop significantly in less than five years, allowing members of the world’s largest oil cartel to keep dominating the market.

Read More »
echo 'Sponsored Content'; echo '
';
Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!