Further, many members of OPEC consist of a national oil company with far greater market power than any ... As long as OPEC controls nearly half of the world’s oil production and holds the ...

meaning outside OPEC and Russia, will control roughly 70% of the market by the first quarter of 2025, up from 60% just before the pandemic. Meanwhile, some OPEC members have chafed under ...

Rather, OPEC would prefer the price of oil rises as supply increases, though "that is not how market dynamics work," and any cut in production typically causes an immediate price hike. What is the ...

In 1960, frustrated by Western control over the world’s oil industry ... “That's a threat to OPEC’s future market,” Colgan said. “I think their goal is to delay the moment of peak ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

The market will always find an equilibrium price ... International oil companies operate independently of OPEC, but because OPEC controls a larger percentage of world crude oil exports (supply ...

Oil edged lower after an industry report pointed to the first gain in US crude stockpiles since mid-November, as the market watched for further pledges on global trade from President Donald Trump.Most ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.

Oil prices rise on positive China data; OPEC meeting awaited By Investing.com ... hints at a week filled with potential market volatility. On the macro front, the week is brimming with impactful ...

The market also is uncertain how OPEC and its allies may respond to Trump's call for the cartel to reduce prices at their meeting on Monday. OPEC+ has several times extended 2.2M bbl/day in ...

The OPEC Fund for International Development (the OPEC Fund) has arranged a syndicated loan with a US$50 million facility for ...