News

Oil Prices in a Spin Following OPEC Deal

Monday, December 05, 2016

Oil Prices in a Spin Following OPEC Deal

  What in the world is going on with oil prices right now? That’s what many industry analysts are asking in light of a deal that was struck by OPEC recently. According to the terms of that deal, OPEC members have decided to cut the production...

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Oil Rises Above $50 Riding Promise of OPEC Deal

Monday, October 10, 2016

Oil Rises Above $50 Riding Promise of OPEC Deal

It has been a roller coaster ride for everyone involved with or invested in the oil industry this year. Oil prices have dropped as low as $27 per barrel earlier this year, about one-fourth of the price...

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No Changes Planned at OPEC Meeting

Tuesday, June 14, 2016

No Changes Planned at OPEC Meeting

The 13 members of OPEC decided against making any policy changes during its most recent meeting earlier this month, dismissing calls from some members to institute a production cap in an effort to get oil prices to climb once again. Instead, OPEC members will continue to...

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OPEC? Fracking? Why the Oil Market is Doomed

Monday, October 05, 2015

OPEC? Fracking? Why the Oil Market is Doomed

Oil prices have wreaked havoc on the market over the past year. Most people have pointed to OPEC as the reason prices have plunged and thousands of U.S. oil workers are out of work. But is OPEC really to blame for the drop ...

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