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News Topics: OPEC

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Saudi's Naimi: OPEC Cannot Cut Alone But Others Would Not
Thursday, December 18, 2014 Saudi Arabia's oil minister Ali Al-Naimi says that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.

Despite Pain, OPEC Hawks Come Round To Merits Of Riding Out Oil Slump
Wednesday, December 17, 2014 OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share.

OPEC Signals 'Wait And See' Approach Could Last A Year
Tuesday, December 16, 2014 Core Gulf OPEC oil producers signal they are prepared to wait as long as six months to a year to see the market stabilize.

Algeria Oil Minister Says OPEC May Hold Emergency Meeting Before June
Tuesday, December 09, 2014 OPEC may still hold an emergency meeting before its June session to discuss how to tackle a surplus in global oil supplies and a drop in prices, Algeria's energy minister says.

IEA's Birol Sees Oil Price Rising Near $100 in Coming Years
Friday, December 05, 2014 International Energy Agency Chief Economist Fatih Birol says he sees oil rising to near $100 per barrel.

Iraq Exports Boost to Add Pressure on 2015 Oil Market
Thursday, December 04, 2014 Iraq's plan for greater oil exports in 2015 will add to global oversupply and make it less likely OPEC members will curb their own supplies.

Kemp: News Of OPEC's Demise Has Been Much Exaggerated
Wednesday, December 03, 2014 Analyst John Kemp asks, "if OPEC cannot act to defend the prices and revenues of its member countries, does the organization still serve any purpose?"

Oil Hits New 4-Year Low Post OPEC as Glut Looms
Friday, November 28, 2014 OPEC decides not to cut production at its Vienna meeting.

Kemp: OPEC's Other Problem: Weak Demand
Wednesday, November 26, 2014 Slowing demand growth as much as rising supplies contributed to the price crisis in 1986, just as it is now causing a similar problem for OPEC in 2014.

Russia Sees Average Oil Price at $80-90 in Medium, Long-Term
Wednesday, November 26, 2014 Russia's finance minister says the country sees the oil price averaging between $80 and $90 per barrel in the medium term.

Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut
Tuesday, November 25, 2014 Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yield no agreement on how to address a growing oil glut.

Russian Oil Tsar to Meet OPEC as Saudis Keep Market Guessing
Tuesday, November 25, 2014 Rosneft head Igor Sechin is to meet OPEC members in Vienna as Saudis keep the market guessing about its response to flagging oil prices.

Russia May Suggest Oil Output Cuts, Eyes State Oil Reserve Creation
Monday, November 24, 2014 Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same.

OPEC Panel Reviews Oil Outlook in a Start to Talks on Oversupply
Friday, November 21, 2014 A panel of national representatives review OPEC's oil market outlook for 2015, preparing the ground for a policy-setting meeting next week that will decide how to address a looming oversupply of crude.

Minister: Venezuela Willing To Cut Oil Output Along With OPEC
Thursday, November 20, 2014 Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez says.

Oil Steadies above $79 as OPEC Output Cut Talk Heats Up
Tuesday, November 18, 2014 Brent crude oil steadies above $79 per barrel after hitting a four-year low last week, as speculation grows that OPEC could cut output at its November 27 meeting in Vienna.

Putin's Oil Tsar Heading to Vienna as OPEC Meets
Monday, November 17, 2014 Top Russian oil producer Rosneft's Chief Executive Igor Sechin will fly to Vienna on Nov. 25, just two days before the Organization of the Petroleum Exporting Countries meets in the city to debate the plunge in oil prices.

Kemp: OPEC's Options (None of Them Good)
Monday, November 17, 2014 As ministers from the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to fly to Vienna for their 166th meeting, the quiet consultations and soundings have already begun.

OPEC Sees Lower 2015 Demand For Its Oil, Saudi Output Still High
Wednesday, November 12, 2014 Global demand for oil from OPEC next year will be far below its current output level because of the US shale boom, the group says, as its top producer Saudi Arabia keeps silent.

OPEC Delegates Start Whispering About Potential Oil Cut
Tuesday, November 11, 2014 A subtle shift may be taking place within OPEC as it heads into its most important meeting in years, according to delegates.

Don't Rule Out OPEC Cut, Say Top Oil Traders
Tuesday, November 04, 2014 Forget conspiracy theories and be prepared for OPEC to cut output in November because this is what they need to do and have done in the past, veteran oil traders say.