OPEC. Latest news


  1. U.S. health care; OPEC meeting; Electronics ban

    Gantdaily.com - Pennsylvania (PA) 03.24 / 10:16 gantdaily.com
    1. Health care vote: President Trump wants a deal. House Republicans have so far failed to secure the votes needed to pass a health care bill that would repeal major portions of Obamacare. Now, Trump has issued an ultimatum: If they don’t vote yes on Friday, he will move on and saddle them with the…
  2. OPEC cuts lift Canadian oil sands prices relative to lighter grades

    Seeking Alpha - Markets 03.23 / 23:02 seekingalpha.com
    OPEC supply cuts are providing a windfall for producers of heavy crude from western Canada and the Gulf of Mexico, Bloomberg reports, with narrowing discounts for prices of Western Canadian Select and Mars grades after West Texas crude sank below $50/bbl earlier this month amid rising U.S. output. As Saudi Arabia and others recently cut exports of less-expensive heavy, sour crude, refiners needed to seek similar grades from North America, as heavier oil is more complex to refine,…
  3. OPEC stymied as Goldman Sachs expects another oil glut in 2018

    Sott.net - World 03.23 / 20:27 sott.net
    Oil prices are heading down again on swelling US crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has taken more than 1 million barrels per day of oil off the market has not succeeded in reversing this bearish trend for inventories. And with the deal at its midway point, focus is shifting towards an extension of the cuts through the end of the year. But OPEC's usual strategy of jawboning the market back up ahead of these…
  4. OPEC cuts seen filling wallets of North American heavy oil producers

    Worldoil.com - Canada 03.23 / 20:26 worldoil.com
    OPEC’s supply cuts are providing a windfall for producers of heavy crude from Western Canada and the Gulf of M…