Source: Getty. As of Nov. 15, OpEx week is here again. OpEx means options expiration, so OpEx week refers to the time in which many options contracts collectively expire. As a result, options
The OPEC oil cartel holds its monthly meeting Tuesday amid high prices driven by supply shortages and geopolitical tensions. Some analysts predict prices could go up to a $100 a barrel soon.
April 6, 2023, 11:58 AM. This week’s surprise oil production cut by OPEC and its allies will push up gasoline prices at a time when the U.S. Federal Reserve is already struggling to bring down
OPEC has exerted oversized influence on global oil prices. Many people wonder if OPEC is a monopoly. OPEC (Organization of the Petroleum Exporting Countries) controls nearly 44 percent of the
October 3, 2023 at 12:58 AM PDT. Listen. 4:31. As OPEC+ ministers prepare to review global oil markets, the group is showing no signs of cooling a rally that brought prices near $100 a barrel
The main reason it’s been relatively low recently, said Ellen R. Wald at the Atlantic Council, is that “there’s too much supply and not enough demand.”. So OPEC is considering more supply
Source: OPEC Annual Statistical Bulletin 2023. According to current estimates, 79.5% (1,243.52 billion barrels) of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 67.2% of the OPEC total. For more information: OPEC Annual Statistical Bulletin 2023. Top of
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