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Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

EghtesadOnline: Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.
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Publish Date:25/March/2017 | 06:45

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

EghtesadOnline: Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.
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Publish Date:25/March/2017 | 06:45

Oil Drops for Week on U.S. Supplies Before OPEC, Allies Meet

EghtesadOnline: Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated the measures aren’t working yet.
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Publish Date:25/March/2017 | 06:18

Oil Drops for Week on U.S. Supplies Before OPEC, Allies Meet

EghtesadOnline: Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated the measures aren’t working yet.
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Publish Date:25/March/2017 | 06:18

Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts

EghtesadOnline: Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market as the rally that boosted prices initially on the curbs has faded.
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Publish Date:14/March/2017 | 05:13

Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts

EghtesadOnline: Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market as the rally that boosted prices initially on the curbs has faded.
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Publish Date:14/March/2017 | 05:13

U.S. shale plots production growth despite OPEC's warning

EghtesadOnline: U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies.
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Publish Date:09/March/2017 | 08:08

Funds prepare $2 billion oil market play as supply tightens

EghtesadOnline: Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply.
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Publish Date:27/February/2017 | 06:37

Oil Prices Slip 1 Percent

EghtesadOnline: Oil prices fell about 1% on Friday as worries about rising US supplies outweighed OPEC pledges to boost compliance with output curbs.
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Publish Date:26/February/2017 | 13:11

Crude Oil Could Plunge to as Low as $30 a Barrel

EghtesadOnline: Crude prices could plunge toward $30 a barrel -- a rout of about 40 percent from current levels -- unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.
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Publish Date:22/February/2017 | 04:55

Kuwait Says OPEC Leaning on Non-Members to Cut More Oil Output

EghtesadOnline: OPEC is urging oil suppliers outside the group to fulfill their commitments to cut output, and crude prices will rise once producers demonstrate better compliance with their agreement to clear a global glut, Kuwait’s oil minister said.
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Publish Date:16/February/2017 | 20:11

Oil Prices Rise Above $56

EghtesadOnline: Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.
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Publish Date:15/February/2017 | 11:40

Iraq Oil Flow to Slump as Maintenance Helps With OPEC Cut Pledge

EghtesadOnline: Iraq’s oil exports are poised to decline to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.
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Publish Date:14/February/2017 | 05:04

Oil overhang points to need for extended OPEC output cuts

EghtesadOnline: An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market.
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Publish Date:10/February/2017 | 13:04

OPEC figures show over 90 percent compliance with supply cut: sources

EghtesadOnline: OPEC has delivered over 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to monitor its supply, making a strong start in implementing its first production cut in eight years.
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Publish Date:10/February/2017 | 24:43

OPEC Output Cuts End Big Oil’s Trading Bonanza

EghtesadOnline: The oil-trading boom that cushioned the profits of Royal Dutch Shell Plc and BP Plc through the price slump of 2015 and early 2016 is over.
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Publish Date:10/February/2017 | 11:53