OPEC

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular
Market trader analysing data

Week Ahead: OPEC+, RBA, BOC, and China CPI

Although this may be a light week for economic data, there are plenty of events taking place that could cause the markets to be volatile.

default avatar
December 2, 2022 10:16 PM
Oil rig in the sea

OPEC+ preview: Will OPEC+ cut production again?

According to recent “sources”, OPEC+ is likely to leave production unchanged when it meets virtually on December 4th.

default avatar
November 30, 2022 05:05 PM
Energy

Crude oil takes another plunge

This time on report that the OPEC+ to discuss production hike by 500K bpd

default avatar
November 21, 2022 05:00 PM

Why trade with FOREX.com?

Tight spreads from 0.5 pts on FX and 1 pt on indices.


Award-winning platforms with fast and secure execution.


Dedicated support.

Course thumbnail of FOREX.com course:  What are commodities by FOREX.com
Oil rig on an grey day

OPEC+ agrees to a 2,000,000bpd cut!

How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.

default avatar
October 5, 2022 05:50 PM
Oil rig on an grey day

OPEC+ agrees to a 2,000,000bpd cut!

How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.

default avatar
October 5, 2022 05:50 PM
Close-up of market chart

European Open: DAX to extend its countertrend bounce? OPEC in focus

Whilst futures markets point towards a retracement against yesterday’s gains across European cash markets, we’re looking for support to hold and break above yesterday’s highs.

default avatar
October 5, 2022 06:49 AM
Close-up of market chart

European Open: DAX to extend its countertrend bounce? OPEC in focus

Whilst futures markets point towards a retracement against yesterday’s gains across European cash markets, we’re looking for support to hold and break above yesterday’s highs.

default avatar
October 5, 2022 06:49 AM
Oil rig in the sea

OPEC+ Preview: Will 1,000,000 bpd cut it?

If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.

default avatar
October 3, 2022 10:13 PM
Oil rig in the sea

OPEC+ Preview: Will 1,000,000 bpd cut it?

If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.

default avatar
October 3, 2022 10:13 PM
Oil extraction

Crude oil: WTI reversing yesterday’s surge, OPEC+ on tap next week

With most producers already operating at or above capacity and growing signs that the global economy may be slowing, some reduction of supply is looking increasingly likely in the coming months...

default avatar
August 30, 2022 04:42 PM
Oil rig on an grey day

Crude Oil continues bounce on OPEC comments

Comments from OPEC+ officials regarding possible supply cuts are currently outweighing fears of a recession. As a result, the price of WTI Crude Oil is moving higher.

default avatar
August 23, 2022 09:22 PM
Oil rig in the sea

WTI: OPEC+ and inventories send US oil on a rollercoaster ride

Oil prices are on the verge of breaking below strong previous support at the 93.00 level...

default avatar
August 3, 2022 06:47 PM
Oil rig in the sea

WTI lower, but it has little to do with the upcoming OPEC+ meeting

With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.

default avatar
August 1, 2022 09:04 PM
Energy

Two trades to watch: GBP/USD, Oil

GBP/USD rises as USD eases ahead of PCE inflation. Oil steadies ahead of OPEC+ announcement.

default avatar
June 30, 2022 09:23 AM
Oil rig on an grey day

OPEC preview: Will OPEC+ increase output in August?

When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.

default avatar
June 27, 2022 09:39 PM
Oil rig on an grey day

OPEC + hikes output more than expected

The rumors are still making the rounds that OPEC+ may suspend Russia and that Saudi Arabia may increase production as price continues to soar.

default avatar
June 2, 2022 05:59 PM

Oil slips on the last day of (another good) month ahead of OPEC

Whilst oil prices rallied for six consecutive months for the first time in 11-years, its last day of the month was a bit of a let-down for the bull camp.

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

Trading view chart close-up

Asian Open: Keep an eye on AUD/JPY with sentiment on the back ropes

It was a volatile session for investors overnight which saw US indices trade sharply lower, with AUD/JPY showing the potential for a swing high.

Energy

OPEC+ set for existing deal despite China, overcompliance concerns

The OPEC and its allies (OPEC+) are continuing to slowly relax the output cuts they introduced in 2020

Energy

Don't expect OPEC+ to come to oil's rescue

OPEC+ are unlikely to raise output above the current small increase when they meet on Thursday, despite oil prices trading firmly above $100 per barrel.

default avatar
March 29, 2022 01:16 PM

A complete guide to the Organization of the Petroleum Exporting Countries (OPEC)

Meetings and policy changes from OPEC are key drivers of oil prices, so it’s important to understand how the organisation works and how it can impact your positions on oil markets. Find out everything you need to know about OPEC in our one-page guide.

default avatar
March 10, 2022 11:15 AM
Close-up of market chart

Two trades to watch: Oil, EUR/USD

Oil surges as sanctions hit, OPEC in focus. EURUSD extends decline ahead of EZ inflation, Fed Powell testimony.

default avatar
March 2, 2022 10:07 AM
Energy

Oil rises on Russia sanctions, OPEC+ meeting comes into focus

Oil prices rise on supply disruption fears as Russian banks are excluded from SWIFT. OPEC+ meet on Wednesday, will they upwardly revise production targets to ease a very tight market?

default avatar
February 28, 2022 12:23 PM