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Oil prices edge up ahead of OPEC meeting to discuss output cuts

EghtesadOnline: Oil prices were slightly higher on Thursday ahead of next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) to discuss implementation of its proposed cap on production.
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Publish Date:24/November/2016 | 16:19

Oil prices static on uncertainty over planned production cut

EghtesadOnline: Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday kept traders from making big new bets.
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Publish Date:24/November/2016 | 15:27

Oil prices climb on expectation of OPEC-led output cut

EghtesadOnline: Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
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Publish Date:21/November/2016 | 06:08

OPEC moves closer to oil output deal as Iran gets new offer

EghtesadOnline: OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output , with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.
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Publish Date:19/November/2016 | 06:02

Oil demand won't peak before 2040, despite Paris deal: IEA

EghtesadOnline: The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into force.
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Publish Date:16/November/2016 | 10:20

Oil prices rise on falling shale output, renewed hopes of OPEC cut

EghtesadOnline: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.
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Publish Date:15/November/2016 | 06:12

Eni CEO Urges Non-OPEC to Cut Output, Sees Profit at $50 Oil

EghtesadOnline: Eni SpA’s chief executive officer called for oil producers outside OPEC to join the group in cutting production to stabilize the market and said his company could still make money with crude at $50 a barrel.
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Publish Date:07/November/2016 | 11:13

OPEC Chief Says Russia on Board With Deal to Limit Output

EghtesadOnline: Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo.
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Publish Date:07/November/2016 | 10:36

OPEC Quest Gets Tougher as Libya and Nigeria Ramp Up Oil Supply

EghtesadOnline: Nigeria and Libya, two crude suppliers in OPEC whose output was crushed by domestic conflicts this year, are ramping up again and spelling out what could become the producer club’s biggest challenge as it grapples with a global supply glut.
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Publish Date:02/November/2016 | 05:51

Oil's Heading to $40 If OPEC Fails, Says Goldman

EghtesadOnline: An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.
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Publish Date:01/November/2016 | 24:57

OPEC May Need Help to End the Global Glut of Oil

EghtesadOnline: Even if OPEC defies a skeptical market by implementing output cuts in full, it still won’t drain the ocean of surplus oil already pumped from the ground.
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Publish Date:28/October/2016 | 16:00

Oil prices set for weekly drop on doubts OPEC can coordinate output cut

EghtesadOnline: Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years.
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Publish Date:28/October/2016 | 09:34