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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

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