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OPEC Keeps Output Unchanged
Keywords:
The decision reached at the OPEC meeting on June 5, 2015, was to maintain production at current levels of an official level of 30 million barrels a day. This official level now acts as an indicator, as actual production is estimated at 31 million barrels a day.
OPEC policy and oil prices- 2013-2018
11/30/2013
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Venezuela Could Force Oil Market to Take Stock
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Oil Prices Continue Decline, Pressured by Saudi Action to Defend Market Share
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OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
OPEC's loss of pricing power in 2015
06/01/2015
Saudi Arabia acting as a swing producer adjusted oil production to keep prices from falling in the period before 2015. Following the sharp drop in oil prices to below $50 in early 2015, prices steadied to about $65 for Brent crude in June 2015. The Saudi oil minister Naimi says he takes the long view on oil prices, and decides to continue Saudi production at earlier levels in June 2015. In a period of declining oil prices the Saudis and OPEC continue to produce oil at the same levels as before.
Grouped Articles
OPEC’s Pricing Leverage Is Weakening
Wall Street Journal 06/01/2015
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06/03/2015
Wall Street Journal 06/05/2015
OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal
New York Times 06/05/2015
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal 07/04/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
The OPEC meeting in June 2015 and April 2016
06/04/2015
Grouped Articles
Saudi Arabia’s Celebrity Oil Minister Ali al-Naimi Prepares for Potential OPEC Swan Song
Wall Street Journal 06/04/2015
Wall Street Journal 06/05/2015
OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal
New York Times 06/05/2015
What’s so important about the oil meeting in Doha - The Washington Post
Washington Post 04/17/2016
No Agreement on Oil Freeze at Doha Meeting
Wall Street Journal 04/18/2016
OPEC supply, oil demand and oil prices 2014-2017
10/15/2014
Grouped Articles
IEA Cuts Outlook for Oil-Demand Growth by 22%
Wall Street Journal 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
OPEC Members Nearing Compromise on Supply Cuts
Wall Street Journal 11/26/2014
Energy Quakes as OPEC Stands Pat
Wall Street Journal 11/28/2014
Iraq Agrees on Kurdistan Oil Deal
Wall Street Journal 12/02/2014
Saudi Arabia Sees Oil Prices Stabilizing Around $60 a Barrel
Wall Street Journal 12/04/2014
Saudi oil policy under King Salman in 2015-2016
01/23/2015
Oil policies will be decided by the same group of advisors around King Abdullah. As most advisors, including oil minister Naimi, 79, who conducts OPEC negotiations, are from an older generation, the long term future remains uncertain.
Grouped Articles
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Washington Post 01/24/2015
Washington Post 01/24/2015
King Salman of Saudi Arabia Names Mohammed bin Nayef Next in Line of Succession
New York Times 04/29/2015
A Saudi Royal Shake-Up With a Goal of Stability
New York Times 04/29/2015
Young Saudi Royals Rise as Kingdom Tries to Assert Regional Leadership
Wall Street Journal 04/30/2015
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