Category Archives: OPEC

Banks Lower Oil Price Expectations

Banks have decreased their projections for oil prices for the fourth consecutive month this year as analysts expect oil supply to increase next year. Members of the OPEC had renewed an agreement with ten other crude oil producers to hold … Continue reading

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Iran to Deal with France’s Total as International Sanctions are Lifted

One of the largest oil companies in France has agreed to purchase hundreds of thousands of barrels of Iranian Crude a day. Oil Minister, Bijan Zanganeh, has decided to allow France’s Total SA to spur the oil industry through its … Continue reading

Posted in dollar, Economy, Euro, Forecasts, France, Global News, Global Trade, Iran, macro-economic, Macro/Sector News, Oil, OPEC, Pound, Uncategorized | Leave a comment

OPEC Gains Consensus for Cuts

Members of the Organization of the Petroleum Exporting Countries came to an agreement in Algeria on Wednesday to cut crude output to decrease global supply. There hasn’t been a production cut since 2008 after the financial crisis decreased the demand … Continue reading

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