Organization of the Petroleum-Exporting Countries (OPEC)

OPEC spare capacity falls to lowest level since late 2016

OPEC spare capacity fell below 1.4 million barrels per day (b/d) in September, the lowest level since December 2016 when global oil inventory levels were much higher, the US Energy Information Administration (EIA) said in its October Short-Term …

Trump: OPEC must get prices down

U.S. president Donald Trump tweeted that OPEC needs to keep crude prices lower because of the military protection the U.S. provides for the region. "We protect the countries of the Middle East, they would not …