Results43 articles shown
IEA: OPEC Output Cuts Under Security As Market Tightens
Thursday, January 19, 2017 World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised.
China's Inescapable Oil Slide Is a Record-Breaking OPEC Gift
Tuesday, January 17, 2017 OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer.
Iran Oil Minister Certain That Oil Prices Will Rise
Monday, January 16, 2017 Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.
Saudi Pledges Adherence to Oil Cut, Confident Others Will
Monday, January 16, 2017 Saudi Arabia will adhere strictly to its commitment to cut output, its energy minister says.
Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts
Friday, January 13, 2017 OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.
BLOG: Should the US Cut Oil Production in Line With OPEC, NOPEC?
Friday, January 13, 2017 OPEC's subtle message that the US should join its production cut pledge with other non-OPEC nations - in the interest of global market stability - is unlikely to get an affirmative response.
Iraq Cuts Oil Production By 160,000 Bpd Under OPEC Deal
Tuesday, January 10, 2017 Iraq has cut oil production by 160,000 barrels per day (bpd) since the beginning of January in line with an OPEC decision to lower output.
Will OPEC Deliver Its Output Cut Deal? Here's How We'll Know
Friday, January 06, 2017 The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they're delivering on those vows. It won't come easy.
Venezuela Says To Cut 95,000 Bpd Crude Output In OPEC Deal
Tuesday, December 27, 2016 Venezuela says it will cut 95,000 barrels per day of oil production in the New Year.
Shale Specter Haunts OPEC as Oil Seen Rallying Into 2017
Tuesday, December 27, 2016 After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale.
Kemp: OPEC Convinces Hedge Fund Managers But Must Now Deliver
Monday, December 19, 2016 Hedge funds have amassed a record bullish position in crude oil in anticipation OPEC and non-OPEC oil producers will succeed in rebalancing the market.
OPEC Deal Tests Oil Majors' Appetite for Risk and Reward
Friday, December 16, 2016 OPEC's deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again.
OPEC, Russia Deal Will Trim Crude Inventory, But May Not Sustain Oil Prices
Thursday, December 15, 2016 Even if OPEC complies with its production cut targets, depending on natural crude production declines in non-OPEC countries won't remove enough crude inventory to reset the market, analysts say.
Russian Producers Agree To Cut Oil Output But Details Elusive
Wednesday, December 14, 2016 Russia's energy minister says he has reached a framework agreement with oil companies on how to implement an output cut, but producers say there are still details to be worked out.
Malaysia's Petronas To Adjust Output After Oil Cut Deal
Tuesday, December 13, 2016 Petroliam Nasional Bhd said on Tuesday it would adjust crude oil production in line with an agreement between OPEC and non-OPEC producers to reduce global supply.
Oil Prices Soar To 2015 Highs On Global Production Cut Deal
Monday, December 12, 2016 Oil prices shot up over 4% to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their first deal since 2001 to jointly reduce output.
OPEC, Non-OPEC Agree First Global Oil Pact Since 2001
Saturday, December 10, 2016 OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices.
Kazakhstan Says May Offer To Freeze Its Output At Vienna Talks
Friday, December 09, 2016 Kazakhstan may offer to freeze its oil output at last month's level at the talks between OPEC and non-OPEC producers in Vienna, Kazakh Energy Minister Kanat Bozumbayev said on Friday.
Russia's Lukoil Says Ready To Take Part In Oil Output Cuts
Friday, December 09, 2016 Russia's No.2 oil producer Lukoil said on Friday it was ready to follow Russia's commitments to oil output cuts as part of a global pact.
Russia To Hold Additional Talks On Friday Ahead Of Vienna Dec. 10 Meeting
Friday, December 09, 2016 Russia plans to hold additional talks on Friday with some OPEC and non-OPEC nations to discuss unresolved issues around a planned output cut ahead of a wider meeting on Saturday in Vienna.
OPEC Production Cut to Drive OFS Spending in Shale
Wednesday, December 07, 2016 Oilfield services spending for onshore shale will grow as a result of OPEC's production cut, but offshore suppliers will struggle in 2017.
OPEC Deal Will Go Ahead Even If Only Russia Commits
Wednesday, December 07, 2016 OPEC's deal to cut oil production will go ahead even if Russia becomes the only non-OPEC country to commit to reduce output at a meeting this week, Nigeria says.
Saudi Arabia Switches OPEC Tack With Eye on World's Top IPO
Tuesday, December 06, 2016 To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of the kingdom's biggest policy challenges.
Opinion: The Truth About The OPEC Deal
Tuesday, December 06, 2016 Mahdi Kazemzadeh of Middle East-focused advisory firm Afraz Advisers gives his take on the recently agreed OPEC deal.
Iraq's Kurdistan Sees No Major Oil Output Cuts as Part of OPEC Deal
Monday, December 05, 2016 Iraq's semi-autonomous region of Kurdistan sees no major impact on its crude oil production from OPEC's agreed cuts, according to its natural resources minister.
Analysts: OPEC Deal will see Brent Hit $72
Friday, December 02, 2016 The price of Brent crude oil will hit $58 per barrel in 2017 and $72 per barrel in 2018, according to forecasts from oil and gas analysts at investment bank Jefferies.
OPEC To Meet Non-OPEC Producers On Dec. 10 In Moscow
Friday, December 02, 2016 OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday.
BLOG: OPEC Struck A Deal - Now Comes the Hard Part
Thursday, December 01, 2016 Tucked inside the jubilant reaction to OPEC's agreement to cut production, skepticism exists over whether member nations will cheat to hit their marks.
Net Oil Importer Indonesia Leaves Producer Club OPEC, Again
Thursday, December 01, 2016 Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries (OPEC), less than a year after rejoining the cartel.
OPEC Crude Cut Could Push Oil to $75 Per Barrel in 2017
Thursday, December 01, 2016 OPEC agrees to slice its oil production by more than 1 million barrels per day beginning Jan. 1, raising market hopes and commodity prices.
Russia Ready To Cut Oil Output By 300,000 Bpd In 1H, As Agreed With OPEC
Wednesday, November 30, 2016 Russia is ready to cut oil production "gradually" by up to 300,000 bpd in the first half of next year as part of an agreement with OPEC, Russian Energy Minister Alexander Novak says.
OPEC to Cut Crude Production by 1 MMbpd in January
Wednesday, November 30, 2016 In highly anticipated Vienna meeting, OPEC decides to cut crude oil production by 1 million barrels per day beginning Jan. 1.
Saudis Say To Take Big Hit On Oil Output For OPEC Deal, Iran Can Freeze
Wednesday, November 30, 2016 Saudi Energy Minister Khalid al-Falih says OPEC is close to clinching a deal to limit oil output.
Iran, Iraq At Loggerheads With Saudis Ahead Of OPEC Meeting
Tuesday, November 29, 2016 Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal.
Jittery Market Watches as OPEC Mulls Production Deal
Tuesday, November 29, 2016 Conviction wanes on expectation of a production agreement as the crude oil industry nervously watches OPEC's rhetorical shifts leading up to Nov. 30 meeting.
OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Monday, November 28, 2016 OPEC is trying to rescue a deal to limit oil output as tensions grow among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
Saudi Energy Minister: Oil Market Would Balance Even Without Output Cuts
Sunday, November 27, 2016 Saudi Arabian Energy Minister Khalid al-Falih says he believes the oil market would balance itself in 2017, even if producers did not intervene.
Saudi Arabia Tells OPEC It Won't Attend Non-OPEC Talks On Monday
Friday, November 25, 2016 Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend scheduled talks in Vienna on Monday with non-OPEC oil producers.
BLOG: Cautious Optimism Builds as OPEC Cut, Freeze Meeting Nears
Friday, November 25, 2016 Analysts are generally positive about OPEC reaching an agreement, but note that key details remain undecided - or at least, unannounced.
Azerbaijan Signals OPEC Wants Big Cuts From Non-OPEC Producers
Thursday, November 24, 2016 OPEC may ask oil producers outside the cartel to make big cuts in output.
Saudi Arabia's Sway in OPEC Limited by Resurgent Iraq and Iran
Wednesday, November 23, 2016 Iraq and Iran, shaking off shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within OPEC.
Kemp: OPEC Talks Struggle With Question Of Market Share
Wednesday, November 23, 2016 OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September.
OPEC Experts Resume Talks On Oil Output Cut, Delegates Upbeat
Tuesday, November 22, 2016 OPEC experts discussing how to implement a plan to cut oil output are likely to reach agreement later on Tuesday, a Nigerian delegate says.
|Brent Crude Oil :||$55.49/BBL||2.45%|
|Light Crude Oil :||$52.42/BBL||2.04%|
|Natural Gas :||$3.2/MMBtu||5.04%|
|Updated in last 24 hours|