oil output - page 13

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

Saudis could raise oil output again as sparring with Iran returns - sources

EghtesadOnline: Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.

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Publish Date:05/November/2016 | 05:06

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

OPEC Chief Says Oil Producers On Course to Deliver Supply Deal

EghtesadOnline: OPEC’s most senior official said the organization and other major oil producers are “on course” to deliver a deal this month that will temper the global oversupply.

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Publish Date:01/November/2016 | 24:59

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

Oil prices rise from one-month lows after OPEC approves strategy

EghtesadOnline: Oil prices rose from one-month lows in Asian trading on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.

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Publish Date:01/November/2016 | 11:59

OPEC Splits Prevent Deal With Other Producers to Curb Supply

EghtesadOnline: OPEC’s internal disagreements over how to implement oil-supply cuts agreed last month prevented a deal to secure the cooperation of other major suppliers.

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Publish Date:30/October/2016 | 07:33

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

OPEC Is at ‘Hardest’ Stage in Its History, Chief Barkindo Says

EghtesadOnline: OPEC Secretary-General Mohammed Barkindo said the 14-nation group is facing its toughest challenge as members debate oil-production cuts needed to balance the market.

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Publish Date:26/October/2016 | 16:13

Saudi Arabia Faces Tough OPEC Equation With Mounting ‘Exemptions’

EghtesadOnline: Saudi Arabia faces the prospect of much deeper -- and financially painful -- oil production cuts after Iraq joined the queue of group members seeking immunity from the deal hatched in Algiers.

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Publish Date:26/October/2016 | 16:09

Russia’s Rising Oil-Output Forecasts Give Leverage in OPEC Talks

EghtesadOnline: As Russia gets ready for talks on cooperation with OPEC on Monday, it’s using the playbooks of Iran, Iraq and Venezuela to gain leverage.

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Publish Date:23/October/2016 | 09:36

Venezuela's Maduro says oil producers close to output cap deal

EghtesadOnline: Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were "very close" to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported.

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Publish Date:23/October/2016 | 05:44

Oil Holds Above $50 in New York as Market Waits for Output Deal

EghtesadOnline: Crude settled above $50 a barrel as investors assessed the likelihood of a deal to reduce supply after Russia’s energy minister said the country’s oil output may rise to a record next year.

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Publish Date:22/October/2016 | 08:57

What OPEC’s Oil U-Turn Missed: Peak Demand Keeps Getting Closer

EghtesadOnline: OPEC’s decision last month to reverse its policy of unfettered production and cut oil output to boost prices may be at odds with the industry’s most important long-term trend: demand for what they produce could start falling within 15 years.

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Publish Date:17/October/2016 | 08:17

Iran calls OPEC's decision to limit output 'baby step in right direction'

EghtesadIOnline: Iran's deputy oil minister said on Monday that the OPEC's primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in right direction.

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Publish Date:17/October/2016 | 07:40

OPEC-Russia Roadshow Heads to Vienna for Oil-Cuts Talks

EghtesadOnline: OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts.

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Publish Date:13/October/2016 | 08:42

Oil prices fall on higher OPEC output, rise in U.S. crude stocks

EghtesadOnline: Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles.

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Publish Date:13/October/2016 | 07:51

OPEC, key producers to discuss six-month oil deal

EghtesadOnline: OPEC will hold talks with non-member oil producers on Wednesday in a bid to hammer out details of a global agreement to cap production for at least six months as Russia lent its support for the plan.

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Publish Date:11/October/2016 | 21:26