Stories Tagged as
OPEC
Oil prices dip but still face plenty of upward pressure
by
Henry Epp
Aug 5, 2024
Recession fears blunt demand, lowering prices. But conflict in the Middle East and OPEC+ production cuts could push them up again.
A new report says worldwide oil demand will peak in 2029. Some oil industry observers are skeptical.
Jun 13, 2024
Even if the prediction's right, Big Oil will be with us much longer.
What goes into OPEC's decision-making?
May 31, 2024
The cartel wants to manipulate production to push up prices and demand.
Gas prices inch down as outlook appears stable
Jan 8, 2024
Gas is close to the $3 per gallon mark and has broken that in parts of the South.
Angola is leaving OPEC. What does that mean for the cartel?
Dec 26, 2023
The split was Angola’s idea. What does it mean for OPEC — the group of oil-producing developing nations — and for the country?
U.S. oil producers have increased production, frustrating OPEC's efforts to prop up oil prices
by
Justin Ho
Dec 20, 2023
Domestic oil production is running around a million barrels a day ahead of predictions.
Delay of OPEC+ meeting leaves questions about oil supply cuts
by
Henry Epp
Nov 22, 2023
The expectation was that OPEC countries would continue cutting back supply. Some think the delay may mean there’s disagreement about that.
For public good, not for profit.
Why the U.S. is a spoiler for OPEC's plan to raise oil prices
by
Lily Jamali
Jul 10, 2023
OPEC is trying to cut production among its members in a bid to push up the price of oil, but it hasn't gone according to plan.
To stay atop the oil market, OPEC became OPEC+. But keeping the cartel in sync isn't easy.
by
Lily Jamali
Jun 28, 2023
The Saudis invited the Russians to the table and rolled out the red carpet. But the Russians haven't always done what the Saudis want.
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.