News Topics: OPEC

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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.

North Dakota Governor Sees OPEC Ceding Global Swing Status
Friday, June 19, 2015 OPEC's decision this month to maintain existing oil output will fail to push rival producers out of the market, North Dakota Governor Jack Dalrymple says.

OPEC Revenue Slumps Below $1 Trillion First Time Since 2010
Wednesday, June 17, 2015 OPEC nations' revenue plunged below $1T last year for the first time since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund their economies.

IEA Report Suggests Global Oil Demand May Creep Up on Production
Thursday, June 11, 2015 Moderation may be on the horizon, but industry analysts say global demand may actually be understated.

US Shale Oil Boom Grinds to a Halt as OPEC Keeps Pumping
Tuesday, June 09, 2015 The shale oil boom that turned the US into the world's largest fuel exporter and brought $3 gasoline back to America's pumps is grinding to a halt.

Kemp: OPEC Adjusts to New Oil Market Reality
Monday, June 08, 2015 OPEC's decision not to cut production was entirely predictable and the only practical option open to its members.

Whatever OPEC Decides, Oil Supplies Are Rising From All Sides
Friday, June 05, 2015 No matter what OPEC says Friday about its production target, the outcome is sure to be more oil.

OPEC Refuses To Cut Production Ceiling
Friday, June 05, 2015 Concluding its biannual meeting, OPEC decides to leave oil production targets in place at 30 million barrels per day.

Indonesia Courts Iran Over Oil Supply Amid Talks to Rejoin OPEC
Friday, June 05, 2015 Indonesia is seeking a long-term crude oil supply deal with Iran if trade sanctions against the Persian Gulf nation are lifted, as it talks to OPEC on rejoining the group.

Indonesia Hopes to Rejoin OPEC by Year-End
Thursday, June 04, 2015 Indonesia hopes to rejoin OPEC by the oil producer group's next meeting in around six months' time, according to Energy Minister Sudirman Said.

OPEC Moots $80 As New 'Fair' Oil Price - But Will It Stick?
Thursday, June 04, 2015 Nearly a year after oil markets entered a deep downward spiral, some OPEC members are publicly talking for the first time about a new "fair" price for their crude.

Big Oil Chiefs Tell OPEC They're Adapting To Price Shock
Wednesday, June 03, 2015 Six months after OPEC upended oil markets and sent prices crashing, the head of US oil giant ExxonMobil has an unusual message for the cartel: thanks.

Iran's Million-Barrel Conundrum Brings Battle Back Inside OPEC
Wednesday, June 03, 2015 Just when it looked like OPEC was winning the war with US shale-oil drillers, a new front is opening up within its own ranks.


 
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