Tagged: opec

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Will the OPEC Deal Last

by Oliver Donaldson The markets were cautiously optimistic earlier this month as OPEC shocked the world by finally coming together to curb oil output. OPEC and select non-OPEC members have all felt the negative...

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Oil rally may fade despite OPEC move

Investors remain unconvinced that planned cuts in oil production will end the glut and say that the latest rally in the price of crude could soon reverse Oil spiked 17 per cent to more...

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How Russia Outsmarted OPEC

By Irina Slav OPEC’s historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark. According to Lukoil’s vice president, Leonid Fedun,...

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OPEC Out! This week’s meeting was really a bust!

by David Haggith In May, I wrote an article titled “The OPEC Epoch is Over,” which pronounced OPEC officially dead and predicted oil prices would plunge again. So far, I’ve been wrong about a second perilous...

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OPEC Agrees to Production Limit

by: otterwood Oil prices surged 5% as sources reported that OPEC has agreed to limit oil production by November. The deal would cap output at 32.5 million barrels per day down from 33.24 million....