Crude oil continues to be an enigma for market analysts … Even when OPEC OPEC Secretary General, HE Abdalla S. El-Badri says current prices are not due to market fundamentals, academic evidence doesn’t say so. “Speculation is pushing …

… U.S. oil inventories to levels not seen in 21 years and to a sharp drop in oil prices. Yet, the group may face heated internal debates if it keeps pumping at current levels. In its report, OPEC said demand for its crude stands at same level …

OPEC says oil plentiful, supply above market needsCNBC.comLONDON (Reuters) – OPEC is pumping enough oil to keep world markets more than satisfied and oil prices have been high largely due to geopolitical risk, the oil producing group said on Thursday. …

OPEC says oil plentiful, supply above market needsReutersAnd the increased flows have helped push oil down $15 from a March high of $128 a barrel. "Higher OPEC crude oil production underscores the current trend of plentiful supply in excess of mar…

LONDON May 10 (Reuters) – OPEC is pumping enough oil to keep world markets more than satisfied and oil prices have been high largely … “Higher OPEC crude oil production underscores the current trend of plentiful supply in excess of market …

However, while the Free World sanctions the Islamic Republic, the Iran OPEC governor Mohammad Ali Khatibi quickly reminded the world that this course of action has risen crude oil prices. “Under current circumstances, the prices of oil will …

China DailyOPEC's Signal of Increasing Output Weakens Oil PricesNASDAQThe OPEC stated that the members are working to bring down oil prices which are too high at current levels. The members are "not happy with prices at this level because ther…

As a result, some OPEC members have been concerned about high oil prices prompting conservation and development of alternative energy sources. Following this logic, the market likely holds a ceiling for U.S. gas prices. According to current …

OPEC said current high oil prices can’t be justified by anything other than geopolitical factors. It’s a “perceived shortage of oil” rather than actual evidence that is keeping oil prices high, the cartel said.

Hurriyet Daily News (press release)OPEC: Political Tension Responsible for High Oil pricesTHISDAY LiveBy Chika Amanze-Nwachuku with agency report The Organisation of Petroleum Exporting Countries (OPEC) has said it is supplying the market with enough c…