News Topics: OPEC

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OPEC's Barkindo: Oil Producers Show Realisation Action Needed On Output
Friday, August 26, 2016 OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers' group that action is needed to manage crude production.

OPEC Meeting Won't Result in Production Freeze, Cut
Thursday, August 25, 2016 OPEC's informal September meeting in Algeria won't result in a production freeze or a production cut, says global investment banking firm Jefferies.

Iran's Oil Minister to Join OPEC Talks on Market in Algeria
Thursday, August 25, 2016 Iran's oil minister will join an informal meeting of OPEC members next month in Algiers, a state news service reported, ending uncertainty about whether OPEC's third-biggest producer would participate.

Saudi Prince To Discuss Reform Drive In Visits To China, Japan
Wednesday, August 24, 2016 Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources say.

BLOG: Can OPEC Return from its Near-Death Experience?
Wednesday, August 24, 2016 A production freeze at record volumes might not do much to stabilize a market that appears to be stabilizing itself, but it could signal OPEC's return to relevance.

Iran Signals More Willingness For OPEC Action To Boost Oil Price
Wednesday, August 24, 2016 Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry say.

OPEC Freeze Wouldn't Be So Potent as Gulf Rivals Pump More
Friday, August 19, 2016 Even if OPEC strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed four months ago.

Russell: Will It matter? That's The Question To Ask Of Any Producers' Deal
Thursday, August 18, 2016 Asking whether the world's major crude oil-exporting countries can reach a deal to limit output is probably the wrong question. Asking whether it matters if they do is more relevant.

OPEC's Former Head Says Conditions Right for Oil-Freeze Deal
Wednesday, August 17, 2016 OPEC is on course to strike an output-freeze deal with fellow oil producers in Algiers next month because its biggest members are already pumping flat-out, the group's former president says.

Oil At 5-Week High As OPEC Sources, Russia, Talk Of Cooperation
Tuesday, August 16, 2016 Oil settles up nearly 2%, hitting five-week highs for a second straight day.

OPEC Deal a Tough Task, as Oil Output Freeze Expectations Rise
Monday, August 15, 2016 OPEC may revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources.

Oil Bulls Take Heart As OPEC Rekindles Hopes Of Output Freeze
Monday, August 15, 2016 All it took was a few words from OPEC to encourage oil bulls.

Saudi-Iran Oil Rivalry Heats Up As OPEC Seeks To Stabilize Price
Thursday, August 11, 2016 Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.

Venezuela Tries To Rally Support For Oil Producer Meeting
Wednesday, August 10, 2016 Venezuela tries to rally support for a meeting of oil producers to agree measures to prop up oil prices, the struggling Latin American country's biggest source of income.

The RZ Interview: Fmr US Ambassador Talks Shale, Jobs Post OPEC
Wednesday, August 10, 2016 Former US ambassador to Saudi Arabia Robert Jordan tells Rigzone that burgeoning youth population in the Middle East nation needs jobs.

Oil Price Retreat Likely Temporary, But OPEC Weighing Its Options
Tuesday, August 09, 2016 Recent volatility in oil price based on technical issues, questionable announcements and is ultimately, no reason to panic, analysts say.

Survey Shows OPEC Oil Output Set to Reach Record High in July
Friday, July 29, 2016 OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey finds, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.

OPEC Sees Rising Crude Demand in 2017 as Saudis Pump Near Record
Tuesday, July 12, 2016 OPEC forecasts higher demand for its crude next year as the global surplus fades, while Saudi Arabia pumped near-record levels amid peak summer consumption.

Falling US Oil Output Not Enticing Enough For Wary Investors
Monday, July 11, 2016 Not even a sharp decline in U.S. oil production can convince investors that oil prices are ready to rebound.

Oil Market Heading Toward A Balance, Prices Beginning To Settle
Monday, July 04, 2016 The energy minister of Saudi Arabia and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to settle.

OPEC Oil Output Hits Record High in June on Nigerian Rebound
Thursday, June 30, 2016 OPEC's oil output has risen in June to its highest in recent history, a Reuters survey finds, as Nigeria's oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies.

Oil Heads For Best Quarter Since 2009 Amid Rebalancing
Thursday, June 30, 2016 Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global oversupply is easing.

BP Receives Its First Venezuelan Crude Cargo Under Swap Deal
Wednesday, June 29, 2016 BP this month receives a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies agreed on a swap arrangement to settle pending payments for US oil shipments.


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