Results20 articles shown
Azeri, Saudi Energy Ministers To Discuss Extension Of Oil Output Cuts
Tuesday, April 25, 2017 Azerbaijan's energy minister, Natig Aliyev, says he will discuss a possible extension of the global oil output cut deal at a meeting with his Saudi counterpart on Wednesday.
OPEC's War On Oil Overhang Starts To Bear Fruit
Tuesday, April 11, 2017 OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.
Gas Giants Share OPEC's Shale Pain as US Supply Flows East
Tuesday, April 04, 2017 OPEC isn't the only decades-old energy hegemony being turned on its head by US shale.
Iraq Oil Output Falls to 4 Million BPD in March After OPEC Cuts
Thursday, March 30, 2017 Iraq's oil production has averaged 4.464 million bpd in March, a reduction of more than 300,000 bpd on levels before OPEC cuts were implemented from Jan. 1, state-oil marketer SOMO says.
IEA Says Oil Prices Will Not Jump Sharply, Despite OPEC Supply Cuts
Thursday, March 30, 2017 The IEA does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol tells Reuters.
OPEC Compliance With Oil Curbs Rises in March as UAE Joins Cut
Wednesday, March 29, 2017 OPEC oil output is likely to fall for a third straight month in March, a Reuters survey finds, as the UAE trims supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya.
BLOG: Decisions, Decisions - Will OPEC/NOPEC Extend Oil Cuts?
Thursday, March 23, 2017 As OPEC and non-OPEC members convene this weekend to weigh progress, member-state self-preservation likely to enable market intervention keeping crude oil cuts in place for another six months.
Saudi Says Oil-Supply Cuts May Be Extended If Necessary
Thursday, March 16, 2017 OPEC and its allies may prolong production cuts after they expire in June if the world's crude inventories remain excessive, Saudi Arabia's Energy Minister said.
OPEC Can't Count on American Drivers to Help Boost Oil Prices
Thursday, March 16, 2017 Rising US oil production isn't the only thing getting in the way of OPEC's efforts to drain a global glut. American drivers aren't helping either.
Saudis Tell OPEC They Eased Cuts to Pump 10 Million Barrels
Tuesday, March 14, 2017 Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month.
Kremlin Says No Decision Yet On Prolonging Global Oil Output Cuts
Tuesday, March 14, 2017 It is too early to decide on a unified position about the possible extension of a global pact to cut oil output, a Kremlin spokesman says.
Russian Oil Major Says US Shale Growth Imperils OPEC Deal
Monday, March 13, 2017 A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Rosneft says.
Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts
Monday, March 13, 2017 Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group's first member to call for more time to balance the global oil market.
Kazakhstan's Oil Output In Feb Exceeds Level Agreed With OPEC
Monday, March 13, 2017 Kazakhstan's oil production in February exceeded its agreed limit under an OPEC-led deal to cut output and support prices, official Kazakh data shows,
OPEC, Non-OPEC Agreement Strives For Oil Price Stability
Tuesday, March 07, 2017 OPEC Secretary General Mohammad Sanusi Barkindo tells CERAWeek historic production cut agreement with non-OPEC countries develops new relationship between crude producing and consuming nations.
US Crude Oil Production Boost On Collision Course With OPEC Cuts
Wednesday, March 01, 2017 Subdued production in 2017 may give way to crude production boost of 1 million barrels per day by 2018 as US exploration and production companies reveal plans to spend more cash.
Russia Says May Speed Up Oil Output Cuts
Monday, February 27, 2017 Russia may cut oil production as part of an OPEC-led agreement designed to boost prices faster than it had previously expected, if its domestic companies are able, Energy Minister Alexander Novak said.
OPEC Sec-Gen: All Participating Countries Committed to Oil Output Deal
Monday, February 27, 2017 OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel's secretary-general, Mohammed Barkindo, says.
All Participating Countries Committed to Oil Output Deal, Says OPEC Sec-Gen
Monday, February 27, 2017 OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, said the cartel's secretary-general, Mohammed Barkindo.
Investors See Oil Break Out of Narrow Range With Record Bets
Monday, February 27, 2017 Oil has been bound to the tightest price range in more than a decade, and yet hedge funds have never been so confident it will eventually rally.
|Brent Crude Oil :||$52.1/BBL||0.96%|
|Light Crude Oil :||$49.56/BBL||0.67%|
|Natural Gas :||$3.04/MMBtu||0.97%|
|Updated in last 24 hours|