OPEC and Saudi Arabia have repeatedly said they do not target a certain price and make decisions based on market fundamentals and in the interest of balancing supply and demand. The output ...
OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels a day ...
For investors, OPEC's long-term view suggests that oil-focused stocks will remain attractive, particularly in the context of rising demand from emerging markets and steady upstream investments. OPEC’s ...