OPEC – The Daily Reporter

Oil producers’ agree to historic cuts, but will the impact last long-term?

VIENNA (AP) — It seems like a big deal. But the joint production cut from OPEC and non-OPEC countries — the first in 15 years — might push up the price of oil less than the nations involved are banking on. At well over $50 a barrel, oil prices remained buoyant and well above recent [...]

By GEORGE JAHN - Associated Press|2017-04-24T09:59:06-04:00Wednesday, December 14, 2016|

American consumers should feel muted impact from rising oil price

DALLAS (AP) — OPEC’s decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual. The cartel agreed Wednesday to cut output by 1.2 million barrels a day, reversing a strategy that produced lower oil prices and pain [...]

By DAVID KOENIG - Associated Press|2017-04-24T10:00:11-04:00Monday, December 5, 2016|