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OPEC turns 57 years old this year. I suppose I could wait three more years for a "round" number to tell you about it, but as they say, there's no.
I think Saudi Arabia pushed for a strategy that will go down as one of the greatest mistakes in OPEC’s history. It was a decision, I might add, that 9 of the 13 OPEC members reportedly oppose.
Amid the squeeze on OPEC, the United States is thriving as an oil producer, accounting for 80 percent of the global supply increase in 2023, according to the I.E.A.
For OPEC members and other Arab, African and Muslim countries, a form of reckoning is at work here, for the long U.S. history of punishing countries that decline to obey American policy dictates.
Such a decision would do little to quell dissent in OPEC, however.Many members think that the quotas are unfair, and do not reflect increases of capacity. By 2025 all current output cuts will expire ...
At a meeting at OPEC headquarters in Vienna, Austria, the bloc of oil-producing nations, with support from Russia, said it would cut production by 2 million barrels per day beginning in November.
The Organization of the Petroleum Exporting Countries, or OPEC, has had massive influence over American politics for six decades. President Biden’s "incredible" oil market trading has broken ...
OPEC+'s decision to slash oil production has set off bipartisan fury in Washington directed at the Saudi Arabia-led group, raising calls for a hard-hitting US response.
OPEC History Shows It Can Deal Even Bigger Blows to Oil Price. From bloomberg.com. Oil’s slump of more than 10 percent in New York since OPEC met on Dec. 4 has struck fear into any remaining ...
200,000: Former German Chancellor Angela Merkel’s new book, “Freedom: Memoirs 1954-2021,” is set to become Germany’s bestselling book this year, with 200,000 copies already sold in the ...
The oil market is fast losing faith in OPEC’s ability to deliver on its much promised production cut from 34.6 million barrels per day (bpd) to a range of 32.5 to 33 million bpd, made in Algiers ...
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