OPEC

Tight supply and healthy demand help, too.

OPEC meetings are underway in Vienna, and for now, indications are that oil-producing countries will agree to lift some of the production limits they set 18 months ago. We look into how any changes out of the OPEC summit could ripple through the global economy. Click the audio player above to hear the full story. 

Representatives from oil producing nations are in Vienna for the biannual OPEC summit. The organization’s most recent agreement capped production. But demand is soaring, so some significant changes could come out of this round of meetings. That’s because of varying goals among oil producing countries. Click the audio player above to hear the full story. 

This morning President Donald Trump turned his ire on OPEC: “OPEC is at it again,” he tweeted. “Oil prices are artificially Very High!” Sure, it’s convenient to blame someone for high gas prices. But the broader story — beyond the 280 characters that Twitter allows — is that something bigger is happening in the world oil […]

OPEC nations meet this week to discuss cuts to oil production, as prices for crude remain in a slump. Price volatility, changes to car technology, and other major uncertainties are leading to widely divergent views on the future of oil – namely, whether the world will see a peak in demand anytime soon. Click the […]

International players from the oil industry are meeting in Houston this week for the annual gathering called CERAWeek. It’s the first meeting since the Organization of the Petroleum Exporting Countries, or OPEC, declared a historic cut in oil output last November in order to bring prices up from a 12-year low. It’s also the first […]