OPEC Archives

Saudis are trying to prop up oil prices by lashing out at short sellers

by Lily Jamali

May 24, 2023

And if it doesn't work, they'll cut production.

An aerial view of an oil facility in eastern Saudi Arabia. The country is the de facto leader of OPEC+.

Giuseppe Cacace/AFP via Getty Images

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OPEC grapples with sliding oil prices

by Lily Jamali

May 10, 2023

The cartel releases its monthly oil market report on Thursday.

Despite the fact that OPEC nations cut oil production last month, oil prices are largely back to where they were in early April.

Joe Kalmar/AFP via Getty Images

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Oil demand is steady, but now OPEC+ is cutting supply

by Justin Ho

Apr 3, 2023

The economies of China, the U.S. and Europe will all be affected by the cartel's move to boost energy prices.

An oil tanker delivers crude to a Chinese port. China’s been increasing its oil demand, but that may not offset a potential slowdown in the West, according to Sara Vakshouri of SVB Energy.

STR/AFP via Getty Images

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OPEC+ agrees to boost oil production. But probably not enough to lower prices.

by Justin Ho

Aug 3, 2022

The small increase of 100,00 barrels a day may be a sign that the cartel thinks a recession is coming.

By pledging to increase output by just 100,000 barrels a day, OPEC could be implying that it expects demand for oil to fall. Above, OPEC's headquarters in Vienna.

Joe Klamar/AFP via Getty Images

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Why OPEC might decide to take a break from its alliance with Russia

by Andy Uhler

Jun 1, 2022

Russia is the world's third-largest oil producer — such a decision won't be made lightly.

The relationship between Russia and the Organization of the Petroleum Exporting Countries has always been contentious.

Joe Klamar/AFP via Getty Images

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What does OPEC have to say about the Russian oil situation? Not much.

by David Brancaccio and Meredith Garretson

Mar 9, 2022

Part of it comes down to the oil world's "delicate equilibrium."

Joe Klamar/AFP via Getty Images

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Biden administration considers its options as gas prices rise

by Justin Ho

Nov 18, 2021

Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.

There are several factors that go into why the price for gas can be so different from country to country.

Justin Sullivan via Getty Images

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Why politicians have little sway over gas prices

by Andy Uhler

Aug 12, 2021

In an attempt to moderate gas and oil prices, Biden has asked OPEC to increase production, despite it being a function of market forces.

Gas prices near $6 a gallon at a Shell station on July 12 in San Francisco.

Justin Sullivan via Getty Images

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Oil prices are high. So why aren't U.S. oil producers drilling?

by Andy Uhler

Jul 6, 2021

Two reasons: reluctant investors and potential regulations.

$A natural gas drill at a hydraulic fracturing site on in Springville, Pennsylvania, in 2012.$

Spencer Platt/Getty Images

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Oil producers look at output levels as demand returns

by Andy Uhler

Jun 30, 2021

OPEC and its allies are scheduled to meet Thursday as oil prices keep rising.

Ryad Kramdi/AFP via Getty Images

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OPEC

Saudis are trying to prop up oil prices by lashing out at short sellers

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OPEC grapples with sliding oil prices

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Oil demand is steady, but now OPEC+ is cutting supply

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OPEC+ agrees to boost oil production. But probably not enough to lower prices.

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Why OPEC might decide to take a break from its alliance with Russia

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What does OPEC have to say about the Russian oil situation? Not much.

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Biden administration considers its options as gas prices rise

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Why politicians have little sway over gas prices

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Oil prices are high. So why aren't U.S. oil producers drilling?

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Oil producers look at output levels as demand returns

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