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OPEC Said to Head to June Talks Without Plan for Supply Cap
Wednesday, May 04, 2016 There are currently no proposals on the table for OPEC to revive limits on crude output at its June meeting after the failure of talks to freeze production last month, according to six delegates from the group.

OPEC Oil Output Surges as Iran Looks to Regain Market Share
Friday, April 29, 2016 OPEC crude production surged in April, led by Iran, which is seeking to regain market share after sanctions were lifted early this year.

Sources: Saudis To Push Oil Output Higher But Won't Flood Market
Friday, April 29, 2016 Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources says.

Venezuela Proposes Non-OPEC Oil Producers Attend Vienna Meeting
Tuesday, April 26, 2016 Venezuela proposes that non-OPEC oil producers attend the group's June meeting in Vienna to continue "dialogue and coordination".

Indonesia OPEC Governor: No Urgency To Freeze Output With Oil At $45
Monday, April 25, 2016 Indonesia's governor says to OPEC oil at $45 a barrel is "not bad" and warns there will be no urgency to freeze output if crude remains at that price.

Venezuela Minister Warns Oil Prices May Collapse if Producers Don't Talk
Wednesday, April 20, 2016 Venezuelan Oil Minister Eulogio Del Pino warns that global oil stocks are nearly full and the oil price could collapse if producers did not resume talks about freezing output levels.

Saudi's Other Warning Makes Oil Traders Sweat After Doha Failure
Tuesday, April 19, 2016 After his comments thwarted supply negotiations, oil traders are weighing another implied warning from the Saudi deputy crown prince: the threat of an intensifying clash with Iran over market share.

Saudi-Iran Tensions Scupper Deal To Freeze Oil Output
Monday, April 18, 2016 A deal to freeze oil output by OPEC and non-OPEC producers falls apart after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.

Oil Producers Head For Doha Counting $315B Cost Of Slump
Friday, April 15, 2016 The world's top oil exporters are burning through their petrodollar assets at an accelerating pace, increasing the pressure to reach a deal to freeze production to bolster prices.

Another Former OPEC member, Gabon, Wants to Rejoin Oil Group
Friday, April 15, 2016 Gabon wants to rejoin OPEC after more than 2 decades, becoming the second former member in a year to seek a return to the oil exporters' group just as it is taking the first steps in years to prop up prices.

After Global Oil Freeze Deal, Prospects for Cuts Unclear and Remote
Thursday, April 14, 2016 Global producers unlikely to cut oil output soon after an output freeze initiative, OPEC sources say.

Qatar Says Mood Positive Ahead of Oil Producers Meeting
Thursday, April 14, 2016 The atmosphere among oil producers is positive ahead of the meeting in Doha on April 17 to discuss an output freeze designed to prop up prices, according to Qatar's energy ministry.

OPEC Cuts 2016 Oil Demand Growth Forecast, Warns Of More
Wednesday, April 13, 2016 OPEC cuts its forecast for global oil demand growth in 2016 and warns of further reductions citing concerns about Latin America and China, pointing to a larger supply surplus this year.

Kuwait Seeks Oil Output at 43-Year High as Freeze Talks Loom
Tuesday, April 12, 2016 Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output.

Ecuador Says Global Oil Producers Won't Discuss Cuts in Doha
Friday, April 08, 2016 Oil-producing countries meeting in Doha, Qatar, this month won’t discuss output cuts, Ecuador Oil Minister Carlos Pareja said.

Ecuador Says Global Oil Producers Won't Discuss Cuts in Doha
Friday, April 08, 2016 Oil-producing countries meeting in Doha, Qatar, this month won’t discuss output cuts, Ecuador Oil Minister Carlos Pareja said.

Latin American Oil Producers Seek Consensus over Output Freeze in Quito
Friday, April 08, 2016 Delegations from Latin American oil exporters Colombia, Ecuador, Mexico and Venezuela were in Quito to seek consensus over a possible output freeze or other methods to bolster international crude prices.

Venezuelan Oil Minister Expected in Moscow for Conference in April
Wednesday, April 06, 2016 Venezuelan Oil Minister Eulogio Del Pino plans to visit Moscow later this month for an energy conference, says a Russian energy source.

Kuwait's OPEC Governor says Signs Point to Output Freeze
Tuesday, April 05, 2016 All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, says Kuwait's OPEC governor.

Russian Energy Minister May Meet Saudi Counterpart Before Doha Event
Monday, April 04, 2016 Russian Energy Minister Alexander Novak says he may meet his Saudi Arabian counterpart before a planned oil producers' meeting in Doha on April 17.

Saudi to Join Oil Output Freeze Only if Iran Joins
Friday, April 01, 2016 Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so.

World's Biggest Oil Market Too Tied To Mideast To End Addiction
Thursday, March 31, 2016 Even in a world awash with crude, buyers in the world's biggest oil market can't seem to escape their addiction to Middle East supplies.

Ecuador Oil Minister to Visit Colombia, Mexico to Push Output Talks
Tuesday, March 29, 2016 Ecuador's oil minister plans to travel to Colombia and Mexico to discuss a proposed meeting between Latin American oil producers that would unify the region in backing an output freeze.

UAE Will Attend Doha Oil Producers Meeting
Thursday, March 24, 2016 The United Arab Emirates will take part in an upcoming meeting in Doha between OPEC and non-OPEC oil producers, says the Gulf state's energy minister.

IEA: OPEC, Russia Oil Output Freeze Deal May Be 'Meaningless'
Wednesday, March 23, 2016 A deal among some OPEC producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ability to increase output, a senior executive from the IEA says.

OPEC's Badri Hopes For Positive Producer Meeting In April
Monday, March 21, 2016 Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC's secretary general says, since the country is seeking to raise its exports.

Like the Oil Markets, Drillers Are Playing a Game of Wait and See
Monday, March 21, 2016 The oil market and energy investors alike show signs of optimism that the industry is emerging from the downturn.

Saudi Arabia Said To Join Mid-April Oil Producer Meeting In Doha
Thursday, March 17, 2016 Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, adding weight to the campaign by financially stricken crude exporters to freeze output and overcome the glut that's weighing on the market.

OPEC, Non-OPEC Producers to Meet in Doha, April 17
Wednesday, March 16, 2016 OPEC and non-OPEC producers will hold a meeting in the Qatari capital on April 17, according to the Qatari energy minister, who is also the current OPEC president.

Oil Producers Likely to Meet in April on Output Freeze
Monday, March 14, 2016 Major oil producers are likely to meet in April to discuss a proposal to freeze output at January levels to stabilize the market, according to four Gulf OPEC delegates.

OPEC Sees Lower 2016 Demand for Its Oil, Pointing to Higher Surplus
Monday, March 14, 2016 OPEC predicts global demand for its crude will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices.

Iran More Likely to Join Oil-Cap Group After Election, IIF Says
Friday, March 11, 2016 The rise of moderates in Iran's elections increases odds of the nation joining a coalition to freeze output and bolster global crude prices, the Institute for International Finance said.

OPEC-Russia Oil Coalition Struggles With Its Very First Step
Friday, March 11, 2016 A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step.

IEA Says Oil Prices Might have Bottomed Out
Friday, March 11, 2016 International Energy Agency believes oil prices might have bottomed as production declines in the US and other non-OPEC producers accelerate and an increase in supply from Iran has been less than dramatic.

Indonesia Eyes Iran LPG, Condensates Deal but Crude Unlikely
Monday, March 07, 2016 Indonesia's OPEC governor says a deal is imminent for importing Iranian condensate and liquefied petroleum gas, but not crude oil.


 
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