Opec | search
Click here to view Opec news from 60+ newspapers.
Bookmark or Share
OPEC has been scaling up oil production slowly, but it also has limited spare capacity and is probably cautious not to oversupply the market again. Beyond spare capacity, oil production has very long investment cycles. More @Wikipedia
Get the latest news about Opec from the top news sites, aggregators and blogs. Also included are videos, photos, and websites related to Opec.
Hover over any link to get a description of the article. Please note that search keywords are sometimes hidden within the full article and don't appear in the description or title.
- Why oil prices matter to the global economy - an expert explains ...OPEC has been scaling up oil production slowly, but it also has limited spare capacity and is probably cautious not to oversupply the market again. Beyond spare capacity, oil production has very long investment cycles.
- BRICS: Here’s what to know about the international blocThe BRICS bloc, originally Brazil, Russia, India and China, is expanding — and becoming more influential. Here's what to know.
- 155 years of oil prices - in one chart | World Economic ForumMost recently, after two years of depressed prices, OPEC agreed to curtail output by 1.2 million barrels per day at its meeting in Vienna in late November in an attempt to end the global supply glut. Several non-OPEC producers including Russia tagged along in December, agreeing to reduce output by about 560,000 bpd (slightly below the original ...
- What’s the future of OPEC? | World Economic ForumOPEC will continue to meet and hold itself out as a cartel that can control the oil markets, but that time has passed. The cartel was dependent upon Saudi Arabia to use its outsized swing position to control spare capacity in the market. With the Saudis no longer interested in that role, the influence of the cartel is gone.
- Explainer: What is OPEC? - The World Economic ForumBefore OPEC formed, the international oil market was dominated by the “seven sisters” group of multinational energy companies. The group was set up at a time of global change, with “extensive decolonization and the birth of many new independent states in the developing world”, it says.
More
