News Topics: OPEC

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Venezuelan President Says Oil Basket Set to Fall to $30 or Less
Wednesday, August 26, 2015 President Nicolas Maduro says Venezuela's petroleum export basket is poised to fall to $30 per barrel or less, adding he was seeking to a deal with OPEC and Russia to stabilize prices.

Without Saudi Support, Talk Of OPEC Emergency Meeting Is Just Noise
Tuesday, August 25, 2015 Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.

Iran to Raise Oil Output 'at Any Cost' to Defend Market Share
Monday, August 24, 2015 Iran plans to raise oil production "at any cost" to defend the country’s market share and joins calls for an emergency OPEC meeting to help shore up crude prices.

Algeria Calls for Non-OPEC Output Cut to Stop Oil Price Fall
Tuesday, August 18, 2015 OPEC can do little to halt the oil price decline on its own and needs producers from outside the group to help in reducing global supplies, Algeria's Energy Minister says.

OPEC May Boost Oil Output to Record With Iran Back Amid Glut
Monday, August 17, 2015 OPEC could potentially boost crude oil production to 33 million barrels a day, the most ever, after international sanctions are removed against Iran.

Venezuela Says Pushing for OPEC, Russia Action to Stem Oil Fall
Wednesday, August 12, 2015 Cash-strapped Venezuela is pushing for an emergency OPEC meeting and joint coordination with Russia to stem a tumble in oil prices, President Nicolas Maduro says.

OPEC Says Cheap Oil Taking Longer To Subdue Rival Suppliers
Tuesday, August 11, 2015 OPEC raises its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected to hit US shale drillers and other competing sources.

Survey: OPEC Oil Output Hits New High In Market Share Push
Friday, July 31, 2015 OPEC oil output reaches highest monthly level in recent history in July, a Reuters survey finds.

OPEC Says Oil Should Not Fall Further, Sees Stability In 2016
Thursday, July 30, 2015 OPEC expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its secretary-general says.

Iranian Deal Could Push US Oil Exports
Friday, July 24, 2015 Deloitte experts contemplate potential implications of lifting Iranian oil sanctions.

US Oil Rolls With OPEC's Blows as Brazil and Canada Take Hits
Friday, July 17, 2015 Eight months into OPEC's plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the U.S.

Kemp: Iran Needs Time And Favorable Conditions To Boost Oil Output
Wednesday, July 15, 2015 Iran has big ambitions to increase oil and gas production but a substantial increase in exports is probably years away.

Shana: Iran to Return to Oil Market with Maximum Capacity
Tuesday, July 14, 2015 Iran will return to the global oil market with maximum capacity once sanctions against the country are lifted following the country's nuclear deal with world powers, according to its oil ministry.

OPEC Sees More Balanced Oil Market In 2016
Monday, July 13, 2015 The global oil market should be more balanced next year as China and the developing world increase oil consumption while the supply of shale oil grows more slowly.

OPEC Crude Production Surges as Iraq Pumps at Record Pace
Tuesday, June 30, 2015 Iraqi crude production climbed to a record this month, helping send OPEC output to the highest level since August 2012.


 
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