Articles tagged under: OPEC
Crude Reaches Seven-Year High
Published October 5, 2021
OPEC and Russia have agreed to gradually increase oil production by 400,000 barrels a day through 2022. That’s far below what many traders had expected. The decision sent oil prices sharply higher with West Texas intermediate crude now trading over…Lower Demand Will Stick Around Awhile
Published April 20, 2020
Crude oil traded at its lowest level since 1988 on Monday. That weighed on the corn market. "Even with the cuts of supply OPEC came out with last week, it still won't touch the drop in demand," says Rich Morrison,…Oil Prices Plunge
Published March 9, 2020
Wall Street and commodity markets are reeling after a decision by Saudi Arabia to cut crude oil prices and increase production. Saudi oil executives are retaliating against Russia which refused to participate in a proposed cutback in oil production. OPEC…