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.

Aug 13, 2021 · Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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...

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.

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...

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.

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.

Jan 23, 2025 · 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 ...

Apr 3, 2023 · Several OPEC+ members are set to tighten global production by an additional 1.16 million barrels per day until the end of the year, further burdening central bank efforts to curtail global inflation — but critically protecting the alliance’s broader output …

3 days ago · It would position the U.S. to set global oil prices alongside the cartel, help stabilize inflation expectations, strengthen the Federal Reserve's ability to manage interest rates, and leverage ...