Results23 articles shown
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.
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,
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.
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.
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.
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.
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.
Saudi Arabia and Iraq Crude Exports to US Hit Five-Year High
Friday, February 24, 2017 Prior to implementation of OPEC’s November agreement to cut oil production, both Saudi Arabia and Iraq were producing high volumes, which boosted exports.
Bizarre Oil Trades Pose Menace for OPEC in Its Prized Market
Friday, February 24, 2017 OPEC pumped at will the past two years to defend its turf against rivals. Its recent volte-face has left it contending with additional threats in the world’s biggest oil market.
Total CEO Says OPEC Needs to Prolong Cuts to Eliminate Glut
Wednesday, February 22, 2017 OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut, says Total CEO.
Barkindo: OPEC's Pushing for Full Compliance With Oil Cuts
Tuesday, February 21, 2017 Implementation of an agreement between OPEC and other major producers to reduce output has been "very encouraging" and the agreement is on track to reduce the global oil surplus, said the group's top official.
IEA Says Record OPEC Cut Compliance Helps Oil Market Rebalance
Friday, February 10, 2017 Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.
OPEC Ministers Don't Rule Out Rolling Over Oil-Output Cut
Wednesday, February 08, 2017 OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and Qatar say.
OPEC Convinces Investors That Its Oil Output Cuts Are Real
Monday, January 30, 2017 OPEC appears to have persuaded investors that it's making good on promised production cuts.
Equatorial Guinea Says It Expects Decision Soon On OPEC Membership Bid
Wednesday, January 25, 2017 Equatorial Guinea has held "fruitful" discussions and expects a decision soon on an offer to join the Organisation of the Petroleum Exporting Countries (OPEC).
Azerbaijan Cuts Oil Output To 789,000 Bpd In January
Wednesday, January 25, 2017 Azerbaijan reduces its oil production as part of a deal between OPEC and non-OPEC oil producers.
|Brent Crude Oil :||$50.56/BBL||0.15%|
|Light Crude Oil :||$47.7/BBL||0.70%|
|Natural Gas :||$3.05/MMBtu||1.32%|
|Updated in last 24 hours|