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 Monday, February 19, 2018
 
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Russia May Feel Pinch From Oil Cut Deal This Year
OilPrice.com Daily News Update • Irina Slav
US STOCKS-Wall St see-saws as momentum slows after...
Daily Mail • Reuters
At the open: TSX edges up with support from energy sector
The Globe and Mail
U.S. oil exports could be driven by OPEC's balancing act
UPI.com • Daniel J. Graeber
Oil set for weekly gain
Houston Chronicle • Bloomberg, Grant Smith
All On seals three off-grid investments for Niger Delta
SweetCrude Reports • Hector I.
Crude oil consumption of Indian refineries to grow at 4.5% CAGR: Report
Business Standard • Jayajit Dash
Maduro says ‘illegal’ embargo of Venezuelan oil won’t do America any good
RT - Daily news • Rt
Turkey’s Top Trading Partners
Worldstopexports.com • Daniel Workman
Crude Oil's Correction Is Healthy For The Future
Seeking Alpha • Andrew Hecht
 
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Economic Policy, Energy Finance
Russia May Feel Pinch From Oil Cut Deal This Year
OilPrice.com Daily News UpdateIrina Slav
Russia’s economy may come to feel a negative impact from the OPEC-led oil production cut deal, the central bank warned, adding that it expected GDP growth during the first quarter of the year to stand at 0.4 percent on a quarterly basis...
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Oil & Gas, Oil Prices
US STOCKS-Wall St see-saws as momentum slows after...
Daily MailReuters
By Sruthi Shankar Feb 16 (Reuters) - U.S. stocks swung between losses and gains on Friday as lower U.S. crude oil prices and disappointing earnings reports from Kraft Heinz and other consumer companies sapped some of the momentum built in the past...
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Crude Oil, Currencies
At the open: TSX edges up with support from energy sector
The Globe and Mail
Open this photo in gallery: Canada's main stock index edged up on Friday as gains in the heavyweight energy sector offset declines among natural resource and gold producers. Shortly after the opening bell, the Toronto Stock Exchange's S&P/TSX composite index was up...
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Crude Oil, Economic Policy
U.S. oil exports could be driven by OPEC's balancing act
UPI.comDaniel J. Graeber
Feb. 16 (UPI) -- U.S. shale oil barrels that find their way on the international market could have the Organization of Petroleum Exporting Countries to thank, analysis suggests. The United States is now rivaling Saudi Arabia, and could soon dethrone Russia, in...
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Economic Policy, Energy & Utilities
Oil set for weekly gain
Houston ChronicleBloomberg, Grant Smith
Oil was headed for a weekly increase as a weaker dollar boosted the allure of commodities priced in the U.S. currency. Futures in New York rose 0.2 percent Friday and are poised for a 3.9 percent weekly gain after the greenback slumped...
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Energy Efficiency, Energy & Utilities
All On seals three off-grid investments for Niger Delta
SweetCrude ReportsHector I.
OpeOluwani Akintayo 16 February 2018, Sweetcrude, Lagos —Nigerian off-grid energy investment company, All On, has announced financial close with three firms for accelerated access to affordable and sustainable energy sources in the Niger Delta. Chief Executive Officer of All On, Dr. Boer...
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Coal Industry, Crude Oil
Crude oil consumption of Indian refineries to grow at 4.5% CAGR: Report
Business StandardJayajit Dash
Consumption of crude oil by refineries in the country is projected to grow at the rate of 4.5 per cent CAGR (compounded annual growth rate) and reach the level of 2,145.3 million barrels by 2021-22, says a report by Care Ratings. The...
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Elections & Polls, Oil & Gas
Maduro says ‘illegal’ embargo of Venezuelan oil won’t do America any good
RT - Daily newsRt
Venezuelan President Nicolas Maduro has warned the White House against imposing a ban on oil imports from the Latin American country. Oil exports to the US are crucial for Venezuela’s depleted budget. “The oil embargo would be one of the biggest mistakes...
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Organization of the Petroleum Exporting Countries
Turkey’s Top Trading Partners
Worldstopexports.comDaniel Workman
Below is a list showcasing 15 of Turkey’s top trading partners in terms of export sales. These are countries that imported the most Turkish shipments by dollar value during 2017. Also shown is each import country’s percentage of total Turkish exports. China:...
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Crude Oil, Oil & Gas
Crude Oil's Correction Is Healthy For The Future
Seeking AlphaAndrew Hecht
Summary A high on January 25. Long oil became a crowded trade. Brent-WTI signaled a correction. A bull trading pattern on Valentine's Day. Geopolitics point to upside risk, but supplies are increasing. The recent downside correction in crude oil was long overdue....
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