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OPEC Ministers See Oil Market Balanced If Non-OPEC Joins Cut

EghtesadOnline: Two of OPEC’s leading ministers said its plan to rebalance the oil market will only work if Russia and other countries outside the group follow through on their commitments to rein in production.
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Publish Date:08/December/2016 | 18:23

Oil steadies on doubts output cut will end global glut

EghtesadOnline: Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years.
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Publish Date:07/December/2016 | 10:59

U.A.E. Oil Minister Says OPEC Will Act Again If Prices Decline

EghtesadOnline: A cut in global oil output by 1.8 million barrels a day would be enough to balance the crude market, and OPEC is ready to take further action if prices fail to stabilize, United Arab Emirates Energy Minister Suhail Al Mazrouei said in Abu Dhabi.
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Publish Date:07/December/2016 | 09:50

OPEC Seeks Cuts From Nations Pumping a Fifth of Oil

EghtesadOnline: OPEC has invited 14 other crude producers, who together pump about a fifth of the world’s oil, to talks this week in Vienna aimed at securing wider cooperation with production cuts.
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Publish Date:06/December/2016 | 16:27

Oil dips as OPEC, Russian output rises ahead of production cut

EghtesadOnline: Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017.
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Publish Date:06/December/2016 | 10:48

Iran's oil minister to attend OPEC, non-OPEC meeting in Vienna: SHANA

EghtesadOnline: Iran's oil minister Bijan Namdar Zanganeh will attend the meeting between OPEC and non-OPEC members on Dec 10 in Vienna, the ministry's news agency SHANA said on Monday, as the countries try to finalize a global oil output -limiting pact.
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Publish Date:05/December/2016 | 11:05

Crude enjoys best weekly gain in years

EghtesadOnline: Crude prices have soared after the Organization of the Petroleum Exporting Countries agreed to cut crude output.
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Publish Date:03/December/2016 | 08:08

Oil jumps over 8 percent as OPEC finalizes output cut deal

EghtesadOnline: Oil prices soared more than 8 percent on Wednesday to the highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices.
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Publish Date:30/November/2016 | 19:18

Oil prices dip on scepticism ahead of OPEC meeting

EghtesadOnline: Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices.
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Publish Date:29/November/2016 | 06:03

Iran Said to Assess 1.1 Million Barrel-a-Day Collective OPEC Cut

EghtesadOnline: Iran is assessing a proposal for a collective OPEC output cut, but hasn’t announced any commitment to reduce its own production as the group tries to end disagreements about how to share the burden of supply cuts ahead of a meeting in Vienna.
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Publish Date:28/November/2016 | 09:48

Oil prices fall over doubts of planned crude output cut

EghtesadOnline: Oil prices fell on Monday, adding to Friday's steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply.
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Publish Date:28/November/2016 | 09:23

Dollar, U.S. bond yields drop as oil tumbles on output cut doubts

EghtesadOnline: The dollar and U.S. bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the U.S. elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.
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Publish Date:28/November/2016 | 08:36

Iran optimistic on OPEC deal after meeting Algerian minister

EghtesadOnline: Iran is optimistic OPEC can reach a deal on limiting oil supplies and plans to announce its own decision about any output curbs at the group's meeting next week, Iranian Oil Minister Bijan Zanganeh said on the ministry's official website SHANA.
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Publish Date:26/November/2016 | 21:53

Saudi wants OPEC to solve own problems before meeting non-OPEC

EghtesadOnline: Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first.
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Publish Date:26/November/2016 | 21:37

Oil falls $2 a barrel on OPEC cut uncertainty ahead of meeting

EghtesadOnline: U.S. crude fell nearly 4 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts.
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Publish Date:26/November/2016 | 21:34

An OPEC Oil Price Surge May Not Last, IEA Says

EghtesadOnline: An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency.
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Publish Date:24/November/2016 | 17:20

Russia to OPEC: Oil Freeze Is All You Get

EghtesadOnline: Facing pressure from OPEC to make a significant output reduction, Russia reiterated its readiness to freeze oil production at current levels, arguing that the offer amounted to a cut compared with next year’s plans.
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Publish Date:24/November/2016 | 17:17