Results23 articles shown
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.
Equatorial Guinea Says Presents Offer To Become OPEC Member In 2017
Monday, January 23, 2017 Equatorial Guinea presents an offer to join the Organisation of the Petroleum Exporting Countries (OPEC) this year and has agreed to production cuts.
Iraq Has Cut 180,000 Bpd As Part Of OPEC Oil Deal
Monday, January 23, 2017 Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member's oil minister said.
IEA: OPEC Output Cuts Under Security As Market Tightens
Thursday, January 19, 2017 World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised.
China's Inescapable Oil Slide Is a Record-Breaking OPEC Gift
Tuesday, January 17, 2017 OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer.
Saudi Pledges Adherence to Oil Cut, Confident Others Will
Monday, January 16, 2017 Saudi Arabia will adhere strictly to its commitment to cut output, its energy minister says.
Iran Oil Minister Certain That Oil Prices Will Rise
Monday, January 16, 2017 Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.
BLOG: Should the US Cut Oil Production in Line With OPEC, NOPEC?
Friday, January 13, 2017 OPEC's subtle message that the US should join its production cut pledge with other non-OPEC nations - in the interest of global market stability - is unlikely to get an affirmative response.
Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts
Friday, January 13, 2017 OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.
Iraq Cuts Oil Production By 160,000 Bpd Under OPEC Deal
Tuesday, January 10, 2017 Iraq has cut oil production by 160,000 barrels per day (bpd) since the beginning of January in line with an OPEC decision to lower output.
Will OPEC Deliver Its Output Cut Deal? Here's How We'll Know
Friday, January 06, 2017 The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they're delivering on those vows. It won't come easy.
|Brent Crude Oil :||$55.99/BBL||1.04%|
|Light Crude Oil :||$53.99/BBL||0.84%|
|Natural Gas :||$2.63/MMBtu||0.38%|
|Updated in last 24 hours|