Stories Tagged as
OPEC
What does this week's OPEC summit have to do with Cinderella?
by
Scott Tong
Dec 5, 2018
The real action at the oil meeting in Vienna might be in a stairwell.
OPEC set to meet with an eye on cutting oil production
by
Jed Kim
Dec 5, 2018
OPEC oil producing countries are scheduled to meet in Vienna on Thursday to discuss possible production cuts as a way to boost prices. Oil prices have been sliding in recent months. At the recent G-20 meeting, Russian and Saudi Arabian leaders signaled a willingness to work toward cuts, but what might that mean? Click the […]
Qatar leaving OPEC to focus on natural gas
by
Andy Uhler
Dec 3, 2018
The Persian Gulf state of Qatar, one of the smallest members of the Organization of Petroleum Exporting Countries, will leave the cartel in January after nearly six decades. Qatar said the move allows it to focus on its natural gas industry. Qatar’s decision says a lot about the growth of natural gas in the world’s […]
Will the Saudi-Russian oil alliance hold as production cuts are mulled?
by
Scott Tong
Nov 12, 2018
The price of oil is at its lowest in almost a year. Now officials from Saudi Arabia are suggesting they might cut supply to arrest the falling price. President Donald Trump on Monday said he hopes Saudi Arabia and OPEC don’t do that. It’s all a bit of a test for Saudi Arabia and its […]
Oil prices might finally be perking up after a long tumble
by
Jed Kim
Nov 12, 2018
Analysts didn’t anticipate the convergence of factors driving oil prices down. A record production of U.S. crude combined with increased pumping globally have created an unexpected surplus. Combine that with slowing global demand and President Donald Trump easing sanctions on Iran, and oil prices are in a slump. What will it take for OPEC to […]
Trump wants OPEC to keep oil prices down
by
Andy Uhler
Sep 21, 2018
Getting prices down could be complicated. Supply from Iran is already at two-year lows, and new U.S. sanctions on the country are set to go into effect in November.
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Thanks, OPEC! Gas prices may be falling just in time for your vacay roadtrip
by
Jed Kim
Jun 21, 2018
OPEC meetings are underway in Vienna, and for now, indications are that oil-producing countries will agree to lift some of the production limits they set 18 months ago. We look into how any changes out of the OPEC summit could ripple through the global economy. Click the audio player above to hear the full story.
OPEC poised to shift oil agreements
by
Jed Kim
Jun 21, 2018
Representatives from oil producing nations are in Vienna for the biannual OPEC summit. The organization’s most recent agreement capped production. But demand is soaring, so some significant changes could come out of this round of meetings. That’s because of varying goals among oil producing countries. Click the audio player above to hear the full story.
Global economic recovery eats through oil glut
by
Scott Tong
Apr 20, 2018
This morning President Donald Trump turned his ire on OPEC: “OPEC is at it again,” he tweeted. “Oil prices are artificially Very High!” Sure, it’s convenient to blame someone for high gas prices. But the broader story — beyond the 280 characters that Twitter allows — is that something bigger is happening in the world oil […]