Reasons Behind Words: OPEC Narratives and the Oil Market
Oct 9, 2024 · We analyze the content of the Organization of the Petroleum Exporting Countries (OPEC) communications and whether it provides information to the crude oil market. To this end, we derive an empirical strategy which allows us to measure OPEC's public signal and test whether market participants find it credible.
Donald Trump to ask Opec to slash oil prices - BBC News
2 days ago · Interest rates are decided by the US Federal Reserve, the central bank which is independent from the government. Trump also spoke of "good, clean, coal" to power data centres needed for artificial ...
We analyze the content of the Organization of the Petroleum Exporting Countries (OPEC) communications and whether it provides information to the crude oil market. To this end, we derive an empirical strategy which allows us to measure OPEC’s pub-lic signal and test whether market participants find it credible.
Speech by Governor Waller on the economic outlook - Federal Reserve …
Jan 8, 2025 · Thank you, Alvaro, and thank you for the honor of initiating this new series of lectures from central bankers. 1 I will begin with a few words on the U.S. economic outlook and the implications for monetary policy. But on this occasion, I thought it appropriate to then widen my perspective, to address what I see as the leading challenges that OECD economies face that are of particular ...
OPEC vs. the US: Who Controls Oil Prices? - Investopedia
Jul 30, 2024 · In this article, we explore the historical rivalry between OPEC and the U.S. and its evolution. Both groups set their supply targets by consensus, though Saudi Arabia plays an outsized role as...
OPEC’s surprise production cut complicates the Fed’s fight against ...
Apr 8, 2023 · A surprise production cut announcement this week from Saudi Arabia and several other OPEC+ oil producers complicates the Federal Reserve’s mission to cool the economy and could worsen inflation...
Oil Shock of 1973–74 - Federal Reserve History
Nov 22, 2013 · Additionally, non-Organization of the Petroleum Exporting Countries (OPEC) oil sources were declining as a percentage of the world oil industry, and OPEC was therefore gaining a larger percentage of the world oil market.
Capacity constraints drive the OPEC+ supply gap
Apr 19, 2022 · OPEC+, a group of 23 oil-producing countries, enacted a massive supply cut in April 2020 to accommodate the drop in global oil demand associated with the coronavirus pandemic. The move effectively ended a price war in global oil markets.
The 1973 Oil Crisis: One Generation and Counting - Federal Reserve …
In October 1973, the world entered a new phase in the economic and political process when a group of economically less-developed oil-producing countries, which 13 years earlier had banded together to form an ineffectual cartel called the Organization of Petroleum Exporting Countries (OPEC), launched a bold experiment in international coercion.
U.S. Oil Futures Settle Lower as Fed Takes Stock Before ... - U.S. News
Feb 27, 2024 · Reports on Tuesday that the Organization of the Petroleum Exporting Countries and allies led by Russia (OPEC+) will consider extending voluntary oil output cuts into the second quarter likely...