OPEC, others working to achieve oil market stability — Barkindo
THE Organisation of Petroleum Exporting Countries, OPEC, has harped on the positive roles of Angola, as the Secretary General, OPEC, Dr. Mohammad Sanusi Barkindo, visits Luanda, Angola.
Oil prices fall as OPEC increases production
Oil prices have decreased after OPEC production was raised.
…if trade tensions rise further, could weigh on business, consumer sentiment, OPEC warns
The OPEC cartel on Wednesday warned that global trade tensions could have a negative impact on the oil market by pushing down demand for crude.
Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says
U.S. President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor Hossein Ardebili was quoted as saying by news agency SHANA on Thursday
The OPEC’s humdrum return to cyclicality
The Organization of the Petroleum Exporting Countries, OPEC at its biannual conference at its headquarters in Vienna, Austria, on Friday, June22, 2018 analyzed oil market developments since the November 2017 meeting and reviewed the oil market outlook for the remainder of 2018. The inventory overhang had fallen close to the target to reduce inventory and increase prices, so it agreed to increase crude oil output to stabilize the markets. The stance appeared to be against the deal of November 30, 2016 of the OPEC and non-OPEC producers led by Russia to curb high global oil stocks by about 1.8 million barrels per day, bpd until the end of 2018.
OPEC’s decision to increase oil prices taken without Trump’s or political influence – Barkindo
The Secretary-General of OPEC, Mr Muhammad Barkindo, has dismissed suggestions that pressure by Mr Donald Trump, US President, played a role in OPEC’s decision to increase oil production.
