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OPEC To Meet Non-OPEC Producers On Dec. 10 In Moscow
Friday, December 02, 2016 OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday.
Analysts: OPEC Deal will see Brent Hit $72
Friday, December 02, 2016 The price of Brent crude oil will hit $58 per barrel in 2017 and $72 per barrel in 2018, according to forecasts from oil and gas analysts at investment bank Jefferies.
BLOG: OPEC Struck A Deal - Now Comes the Hard Part
Thursday, December 01, 2016 Tucked inside the jubilant reaction to OPEC's agreement to cut production, skepticism exists over whether member nations will cheat to hit their marks.
Net Oil Importer Indonesia Leaves Producer Club OPEC, Again
Thursday, December 01, 2016 Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries (OPEC), less than a year after rejoining the cartel.
OPEC Crude Cut Could Push Oil to $75 Per Barrel in 2017
Thursday, December 01, 2016 OPEC agrees to slice its oil production by more than 1 million barrels per day beginning Jan. 1, raising market hopes and commodity prices.
Russia Ready To Cut Oil Output By 300,000 Bpd In 1H, As Agreed With OPEC
Wednesday, November 30, 2016 Russia is ready to cut oil production "gradually" by up to 300,000 bpd in the first half of next year as part of an agreement with OPEC, Russian Energy Minister Alexander Novak says.
OPEC to Cut Crude Production by 1 MMbpd in January
Wednesday, November 30, 2016 In highly anticipated Vienna meeting, OPEC decides to cut crude oil production by 1 million barrels per day beginning Jan. 1.
Saudis Say To Take Big Hit On Oil Output For OPEC Deal, Iran Can Freeze
Wednesday, November 30, 2016 Saudi Energy Minister Khalid al-Falih says OPEC is close to clinching a deal to limit oil output.
Iran, Iraq At Loggerheads With Saudis Ahead Of OPEC Meeting
Tuesday, November 29, 2016 Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal.
Jittery Market Watches as OPEC Mulls Production Deal
Tuesday, November 29, 2016 Conviction wanes on expectation of a production agreement as the crude oil industry nervously watches OPEC's rhetorical shifts leading up to Nov. 30 meeting.
OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Monday, November 28, 2016 OPEC is trying to rescue a deal to limit oil output as tensions grow among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
Saudi Energy Minister: Oil Market Would Balance Even Without Output Cuts
Sunday, November 27, 2016 Saudi Arabian Energy Minister Khalid al-Falih says he believes the oil market would balance itself in 2017, even if producers did not intervene.
Saudi Arabia Tells OPEC It Won't Attend Non-OPEC Talks On Monday
Friday, November 25, 2016 Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend scheduled talks in Vienna on Monday with non-OPEC oil producers.
BLOG: Cautious Optimism Builds as OPEC Cut, Freeze Meeting Nears
Friday, November 25, 2016 Analysts are generally positive about OPEC reaching an agreement, but note that key details remain undecided - or at least, unannounced.
Azerbaijan Signals OPEC Wants Big Cuts From Non-OPEC Producers
Thursday, November 24, 2016 OPEC may ask oil producers outside the cartel to make big cuts in output.
Saudi Arabia's Sway in OPEC Limited by Resurgent Iraq and Iran
Wednesday, November 23, 2016 Iraq and Iran, shaking off shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within OPEC.
Kemp: OPEC Talks Struggle With Question Of Market Share
Wednesday, November 23, 2016 OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September.
OPEC Experts Resume Talks On Oil Output Cut, Delegates Upbeat
Tuesday, November 22, 2016 OPEC experts discussing how to implement a plan to cut oil output are likely to reach agreement later on Tuesday, a Nigerian delegate says.
Iraq To Make Suggestions To Facilitate OPEC Supply Cut Agreement
Monday, November 21, 2016 Iraq's oil minister Jabar Ali al-Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month to implement an agreement to restrain crude supply in order to push up prices.
Iran: Oil May Rise to $55 if All Producers Cooperate
Saturday, November 19, 2016 Iran's oil minister expresses optimism about an upcoming OPEC meeting, saying crude prices could jump to $55 per barrel.
OPEC Moves Closer To Oil Output Deal As Iran Gets New Offer
Friday, November 18, 2016 OPEC is moving closer towards finalizing this month its first deal since 2008 to limit oil output.
Iraq's Oil Contracts Make Joining OPEC Output Cut More Painful
Friday, November 18, 2016 Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters.
Saudi's Falih Urges OPEC To Cut Oil Output To Low End Of Target
Thursday, November 17, 2016 The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC's deal to limit oil output.
OPEC Cut of 'At Least 700,000 Bpd' Needed to Bring Market Balance
Thursday, November 17, 2016 An OPEC production cut of at least 700,000 barrels per day is necessary to bring the market back into balance, according to oil and gas analysts at Jefferies.
OPEC Reopens Talks on Oil Cuts Without Iran, Iraq Ministers
Wednesday, November 16, 2016 OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a deal to cut production.
IEA Sees Global Market Awash With Oil In 2017 If No OPEC Cut
Thursday, November 10, 2016 The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency says.
OPEC Deal Becomes More Urgent, Harder to Reach on Trump Win
Wednesday, November 09, 2016 OPEC faces increasing urgency to take measures that will support oil prices as Trump's surprise victory threatens to deepen a market sell-off, said UBS Group AG.
OPEC Sees Rival Oil Supply Down, But Not Out
Tuesday, November 08, 2016 Global demand for OPEC's crude oil will rise in the next 3 years, the group forecast, suggesting its 2014 decision to let prices fall is delivering higher market share.
OPEC Chief Says Russia'On Board' With Deal to Limit Oil Output
Monday, November 07, 2016 Russia is "on board" with an OPEC agreement to limit crude oil production to help re-balance the market.
Saudi Former Oil Minister Says OPEC Can't Cut Output by Itself
Friday, November 04, 2016 OPEC can't cut oil production alone to stabilize the market, according to the former Saudi Arabian energy minister.
Prepare for North Sea Oil Flood as OPEC Plans Output Curbs
Friday, November 04, 2016 North Sea oil producers are poised to ship the most crude in more than four years as OPEC tries to contain a global surplus with coordinated output cuts.
Kurds Reveal Oil Data as Iraq Output Row Threatens OPEC Deal
Thursday, November 03, 2016 Iraq's Kurds say their oil production in September was 290,000 barrels a day lower than the federal government's figures for the semi-autonomous region.
Pioneer Natural Resources CEO Doubts OPEC Will Reach Output Deal
Wednesday, November 02, 2016 Pioneer Natural Resources CEO Scott Sheffield has little hope that OPEC members will agree later this month to curb production, a step that would boost low oil prices.
OPEC Production Cut Agreement in Doubt
Tuesday, November 01, 2016 Evercore ISI analysts say an OPEC production cut or freeze deal is not necessary to stabilize the commodity market.
OPEC Head Says Oil Producers On Course to Clinch Supply Deal
Monday, October 31, 2016 OPEC's most senior official said the organization and other major oil producers are "on course" to deliver a deal next month that will temper the global oversupply.
OPEC Officials Fail To Agree On How To Curb Oil Supplies
Friday, October 28, 2016 OPEC officials meeting in Vienna to work out the details of their plan to reduce oil production had yet to reach agreement after hours of talks.
Iraq Lures Investors To Boost Its Oil Output As OPEC Debates Cuts
Wednesday, October 26, 2016 As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the opposite.
Iraqi Leaders Lobby OPEC's Barkindo For An Oil Output Cut Exemption
Tuesday, October 25, 2016 Iraq tells top OPEC official it is ready to cooperate in reaching a deal on supply cuts to support oil prices.
Russia, Qatar, OPEC Discuss Possible Action To Shore Up Oil Market
Monday, October 24, 2016 Energy ministers from Russia and Qatar along with OPEC's secretary general discussed possible joint action to stabilize the oil market.
Venezuela Replaces OPEC Governor Amid Push For Oil Deal
Tuesday, October 18, 2016 Venezuela has tapped its vice-minister for hydrocarbons to be the South American country's new governor to OPEC.
UAE Energy Min: OPEC Committed To Working With Others To Balance Market
Wednesday, October 12, 2016 The United Arab Emirates' energy minister says OPEC members were committed to working with other oil producers to balance the oil market.
OPEC Tries To Build Momentum For Global Oil Freeze
Wednesday, October 12, 2016 OPEC sought to build momentum for its plan to cap global oil production, saying it will extend invitations to more non-member producers.
Jefferies: OPEC Output Cut Unlikely
Tuesday, October 11, 2016 It's unlikely that OPEC will be able to maintain its planned output cut, according to oil and gas analysts at investment bank Jefferies.
Saudi Arabia's Falih Says OPEC Should Not Crimp Supply Too Tightly
Monday, October 10, 2016 Saudi Arabia's Energy Minister Khalid al-Falih says that OPEC should not crimp oil supply too tightly.
Russia Prefers To Freeze Oil Output, Not Cut It
Monday, October 10, 2016 Russia will consider a proposal from the OPEC oil producers' group to cut output if such a proposal is made, but Moscow would prefer to freeze production, Russian Energy Minister Alexander Novak says.
OPEC And Russian Officials Plan Informal Talks In Istanbul
Thursday, October 06, 2016 Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of key OPEC producers meeting Russian officials for informal talks on oil output in Istanbul next week.
Iraq Opens Up To Agencies On Output Ahead Of OPEC Wrangles
Wednesday, October 05, 2016 Iraq will later this month host influential bodies that assess oil production levels, ahead of an OPEC meeting when the topic will become even hotter as members jostle over allocations.
|Brent Crude Oil :||$54.46/BBL||0.96%|
|Light Crude Oil :||$51.68/BBL||1.21%|
|Natural Gas :||$3.44/MMBtu||1.99%|
|Updated in last 24 hours|