oil output - page 13

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

Asian shares mostly lower, oil near one-year high on output cut plan

EghtesadOnline: Asian shares were mostly lower on Tuesday, while oil prices hovered near one-year highs on growing expectations of an output cut by OPEC producers.

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Publish Date:11/October/2016 | 09:20

Oil approaches one-year high as speculators buy into output cut deal

EghtesadOnline: Oil prices rose around one percent on Monday, approaching one-year highs, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels.

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Publish Date:10/October/2016 | 16:16

Electric Vehicles May Get a Boost From OPEC Decision

EghtesadOnline: Electric car makers may breath a sigh of relief from OPEC’s decision to curb oil output , which if it holds may help tilt the argument in favor of greener transport.

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Publish Date:01/October/2016 | 08:44

With Deal Done, OPEC Faces Hurdles in Making Output Cuts Work

EghtesadOnline: The challenges OPEC will confront trying to limit output were evident just minutes after the group agreed on the new plan. In an angry and sometimes incoherent briefing, Iraq’s oil minister railed against the journalists and analysts who estimate the amount of crude each member produces.

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Publish Date:01/October/2016 | 06:24

Oil soars 6 percent as OPEC reaches deal to limit output in November

EghtesadOnline: Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

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Publish Date:29/September/2016 | 04:42

OPEC agrees modest oil output curbs in first deal since 2008

EghtesadOnline: OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

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Publish Date:29/September/2016 | 04:19

Iran Doesn’t Want Oil Deal in Algiers, Won’t Freeze Output

EghtesadOnline: Iran is not willing to freeze its oil output at current levels and doesn’t intend to forge an agreement with other major crude producers at talks in Algiers this week, the nation’s oil minister said.

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Publish Date:28/September/2016 | 07:28

OPEC set for no deal as Iran rejects Saudi oil output offer

EghtesadOnline: Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

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Publish Date:28/September/2016 | 05:08

Oil prices rebound after Algeria says all options open at OPEC meeting

EghtesadOnline: Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.

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Publish Date:26/September/2016 | 07:22

Iraq Sees Now as ‘Right Time’ for OPEC Deal on Oil Output

EghtesadOnline: Now is the right time for OPEC to reach an agreement on oil output , and crude prices may fall if its members fail to take a decision when they meet next week in Algiers, Iraq’s governor to the producer group said.

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Publish Date:22/September/2016 | 15:35