Organization of the Petroleum Exporting Countries (OPEC)

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Organization of the Petroleum Exporting Countries (OPEC) Latest News

Crude oil futures in New York up as much as 1.8% after 10 straight losses after Saudi Arabia said OPEC and allies should reduce output; Saudi Arabia plans to cut shipments by about 500,000 barrels/day
Nov. 12, 2018, Bloomberg
World oil demand to increase by 1.36 million barrels/day next year, according to OPEC's new estimate, 50,000 barrels/day lower than previous estimate; group cites headwinds facing broader economy, particularly key consuming countries
Oct. 11, 2018, Reuters
Organization of the Petroleum Exporting Countries total oil export revenues were US$567B in 2017, up 29% over 2016 revenues; net export revenues projected to increase to US$736B in 2018, up 30% from 2017: EIA
Sep. 18, 2018, U.S. Energy Information Administration (EIA)

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