News Topics: OPEC

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Saudis Willing To Act On 'Critical' Oil Market, Algeria Says
Monday, September 26, 2016 Saudi Arabia, the world's biggest oil exporter, has offered to cut its output to January levels, Algeria's energy minister says as he prepares to host a meeting of OPEC producers later this week.

OPEC Under Pressure To Act In Algiers As Oil Surplus Triples
Friday, September 23, 2016 As OPEC prepares to meet in Algiers next week, the oil market is reminding the group's members what's at stake if they fail to reach a deal.

Saudis Offer Oil Cut For OPEC Deal If Iran Freezes Output
Friday, September 23, 2016 Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week.

What Does OPEC's Freeze Talk Really Mean?
Friday, September 23, 2016 Some unnamed sources say Saudi Arabia may be willing to cut its production, but non-OPEC member Russia says production cuts off the table.

Analysts: OPEC Production Freeze Never Likely To Happen
Thursday, September 22, 2016 The Organization of Petroleum Exporting Countries (OPEC) will not impose a production freeze at a meeting next week, say oil and gas analysts at FirstEnergy Capital.

Saudis Said To Meet With Iran For Oil Talks Before Algiers
Thursday, September 22, 2016 OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria.

OPEC May Decide On Extra Meeting Immediately After Algiers
Tuesday, September 20, 2016 OPEC members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa says.

Gadfly: Introducing The Pre-Freeze Oil Boil Before OPEC Meets
Monday, September 19, 2016 Most oil-market observers will be keenly aware of a meeting in Algeria later this month at which the world''s biggest producers will -- or won't -- commit to freezing their crude production.

MEI: Oil Market Rebalance Will Take Another 6 Months
Monday, September 19, 2016 Data and analytics specialist McKinsey Energy Insights (MEI) forecasts that it will take more than 6 months for the oil markets to fully rebalance.

Why The US Is A Major Roadblock For Oil Output Freeze
Friday, September 16, 2016 Whatever the rival factions decide, the US has managed to top them all in terms of production growth over the last five years and will never be likely to join in any group efforts to control supply.

Crude Glut Belies Risk From OPEC's Dwindling Output Cushion
Friday, September 16, 2016 As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.

OPEC Secretary-General Meets Iran Oil Minister in Tehran
Tuesday, September 06, 2016 A meeting between OPEC Secretary General Mohammed Barkindo and Iran's oil minister starts in Tehran.

BLOG: Wild Cards in Play During Run-Up to OPEC Freeze Meeting
Tuesday, September 06, 2016 After the failure of a June meeting that many characterized as mere "lip service," both OPEC and non-OPEC countries are now discussing the possibility of freezing oil production.

NIOC: Iran Ready To Raise Oil Output To 4MMbpd Depending On Demand
Monday, September 05, 2016 Iran is ready to raise its oil production to 4 million barrels per day (bpd) in the next 2 to 3 months depending on market demand, a senior official from the National Iranian Oil Company (NIOC) says.

Russia And Saudi Arabia Agree To Work For Oil-Market Stability
Monday, September 05, 2016 Saudi Arabia and Russia agreed to work together to ensure oil market stability even as leaders from the world's two biggest crude producers stopped short of offering detailed proposals.

Oil Jumps amid Talk of Producer Action to Support Prices
Monday, September 05, 2016 Speculation that major producers could cooperate to tackle weak prices causes crude oil futures to rise sharply.

OPEC Production Freeze Talks May Thaw Out Ahead of Algiers Meeting
Friday, September 02, 2016 With almost a month to go before an informal meeting, analysts weigh whether OPEC's production freeze meeting in Algiers will be effective where Doha discussion failed.

Saudi Minister Says OPEC Moving To Common Position On Oil Output Changes
Thursday, September 01, 2016 Saudi Arabia's minister of foreign affairs says that it would be reasonable for the kingdom to go along with other producers in changes to oil production.

Iraq To Support Oil Output Freeze At OPEC Meeting
Tuesday, August 30, 2016 Iraq would support a decision by OPEC to freeze oil output to prop up prices, Iraqi Prime Minister Haider al-Abadi told a news conference in Baghdad.

OPEC's Barkindo: Oil Producers Show Realisation Action Needed On Output
Friday, August 26, 2016 OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers' group that action is needed to manage crude production.

Iran's Oil Minister to Join OPEC Talks on Market in Algeria
Thursday, August 25, 2016 Iran's oil minister will join an informal meeting of OPEC members next month in Algiers, a state news service reported, ending uncertainty about whether OPEC's third-biggest producer would participate.

OPEC Meeting Won't Result in Production Freeze, Cut
Thursday, August 25, 2016 OPEC's informal September meeting in Algeria won't result in a production freeze or a production cut, says global investment banking firm Jefferies.

Saudi Prince To Discuss Reform Drive In Visits To China, Japan
Wednesday, August 24, 2016 Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources say.

Iran Signals More Willingness For OPEC Action To Boost Oil Price
Wednesday, August 24, 2016 Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry say.

BLOG: Can OPEC Return from its Near-Death Experience?
Wednesday, August 24, 2016 A production freeze at record volumes might not do much to stabilize a market that appears to be stabilizing itself, but it could signal OPEC's return to relevance.

OPEC Freeze Wouldn't Be So Potent as Gulf Rivals Pump More
Friday, August 19, 2016 Even if OPEC strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed four months ago.

Russell: Will It matter? That's The Question To Ask Of Any Producers' Deal
Thursday, August 18, 2016 Asking whether the world's major crude oil-exporting countries can reach a deal to limit output is probably the wrong question. Asking whether it matters if they do is more relevant.

OPEC's Former Head Says Conditions Right for Oil-Freeze Deal
Wednesday, August 17, 2016 OPEC is on course to strike an output-freeze deal with fellow oil producers in Algiers next month because its biggest members are already pumping flat-out, the group's former president says.

Oil At 5-Week High As OPEC Sources, Russia, Talk Of Cooperation
Tuesday, August 16, 2016 Oil settles up nearly 2%, hitting five-week highs for a second straight day.

Oil Bulls Take Heart As OPEC Rekindles Hopes Of Output Freeze
Monday, August 15, 2016 All it took was a few words from OPEC to encourage oil bulls.

OPEC Deal a Tough Task, as Oil Output Freeze Expectations Rise
Monday, August 15, 2016 OPEC may revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources.

Saudi-Iran Oil Rivalry Heats Up As OPEC Seeks To Stabilize Price
Thursday, August 11, 2016 Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.

The RZ Interview: Fmr US Ambassador Talks Shale, Jobs Post OPEC
Wednesday, August 10, 2016 Former US ambassador to Saudi Arabia Robert Jordan tells Rigzone that burgeoning youth population in the Middle East nation needs jobs.

Venezuela Tries To Rally Support For Oil Producer Meeting
Wednesday, August 10, 2016 Venezuela tries to rally support for a meeting of oil producers to agree measures to prop up oil prices, the struggling Latin American country's biggest source of income.

Oil Price Retreat Likely Temporary, But OPEC Weighing Its Options
Tuesday, August 09, 2016 Recent volatility in oil price based on technical issues, questionable announcements and is ultimately, no reason to panic, analysts say.

Survey Shows OPEC Oil Output Set to Reach Record High in July
Friday, July 29, 2016 OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey finds, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.


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