OPEC’s power was waning. Soon it may have more sway than ever ... It needs them to remain elevated, but not climb so high that US producers feel they have no choice but to boost production again.

So Expensive. Still Standing. Boot Camp. Markets commodities Here's why oil prices aren't coming down anytime soon — and why OPEC can't stop the climb. By ...

OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million ...

However, it could only work for so long. Soon, OPEC will need to make a decision. Last year, oil traders were almost exclusively focused on demand and threats thereof, especially in China.

A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude inventories, even as major oil producers look to boost output for a fifth straight ...

Yet getting the rest of OPEC to pick up the slack won’t be easy either: Iran, for example, is busy cranking out as much oil as possible. OPEC’s sweet spot may not last. Reuters Graphics ...

President Donald Trump has long cast OPEC as an evil force ripping Americans off by not pumping enough oil. Now he’s pleading with Saudi Arabia and Russia to stop pumping so much oil. In the ...

So Opec could force up prices (assuming no cheating by Opec members) for that sort of period of time. ... that Opec will soon enough have to keep cutting production in order to maintain prices.

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday credited the U.S. and European Union (EU) for better-than-expected economic growth in 2022 while cautioning that such progres… ...

OPEC-Non-OPEC Oil Output Freeze, and Soon, Cuts?Intro:After a month of observing the oil market's behavior after the so-called freeze agreement was put by ...

“Well done, OPEC!” is a phrase that probably offends many, especially those with memories of the 1970s and 1980s when the oil cartel seemed often to be squeezing the West so that Arab sheikhs ...

In the 1980s, OPEC conferences were typically characterized by disagreements between so-called price doves, who pushed for higher output and lower prices, versus price hawks, typically from member ...