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U.S. May Export More Oil in 2017 Than Four OPEC Nations Produce

EghtesadOnline: U.S. crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output.
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Publish Date:02/February/2017 | 16:40

OPEC, non-OPEC producers end JMMC meeting

EghtesadOnline: The First Meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) concluded in Vienna after it issued a statement on Sunday.
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Publish Date:23/January/2017 | 14:33

Iran raising output by 90,000 bpd on OPEC decision

EghtesadOnline: Based on the OPEC 171st regular meeting approval, Iran is increasing its oil production by 90,000 barrels per day, Deputy Head of National Iranian Oil Company for Development and Engineering Affairs said.
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Publish Date:23/January/2017 | 14:31

OPEC, Russia Meet for First Check on Oil-Cuts Progress

EghtesadOnline: Representatives of OPEC and several other major oil producers are arriving in Vienna for their first meeting to monitor compliance with an agreement to cut output.
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Publish Date:21/January/2017 | 14:46

Saudi Oil Shipments Soared Ahead of OPEC Production Cut

EghtesadOnline: Saudi Arabia’s crude exports surged to a 13 1/2-year high in November, just before it led global producers in restricting supplies to curb the worst glut in decades.
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Publish Date:20/January/2017 | 11:55

Saudi Oil Output Drops Under OPEC Quota Close to Two-Year Low

EghtesadOnline: Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its pledge to cut crude output in six months, Energy Minister Khalid Al-Falih said.
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Publish Date:14/January/2017 | 14:33

Oil rises on China demand forecast, but ample supplies hold prices back

EghtesadOnline: Oil prices rose on Thursday, supported by expectations of strong demand growth in China and signs that OPEC members are starting to cut output, but markets were still held back by rising U.S. crude inventories and plentiful global supplies.
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Publish Date:12/January/2017 | 09:35

Iraq’s Southern Oil Exports Hit Record Before OPEC Cuts

EghtesadOnline: Iraq’s oil exports from its southern ports in the Persian Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.
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Publish Date:12/January/2017 | 06:01

Iraq Confirms Oil-Output Cut Even as Scheduled Exports Rise

EghtesadOnline: Iraq has reduced its oil production by 160,000 barrels a day and will comply with cuts it agreed to make under an OPEC output deal, Oil Minister Jabbar Al-Luaibi said, even as ship loading data suggested that exports are set to increase next month.
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Publish Date:12/January/2017 | 05:55

Iran Crude Oil at $53

EghtesadOnline: Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.
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Publish Date:09/January/2017 | 15:16

Saudis Said to Duel Rivals by Curbing Heavy Oil Over Light Crude

EghtesadOnline: Saudi Arabia is staying in the battle for market share by continuing to pump the type of oil that’s similar to rival U.S. and African supply, while fulfilling its promise to cut output by focusing curbs on other varieties.
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Publish Date:09/January/2017 | 11:12

Iraq’s Southern Oil Exports Hit Record Before OPEC Cuts

EghtesadOnline: Iraq’s oil exports from its southern ports in the Persian Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.
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Publish Date:09/January/2017 | 10:56

OPEC Deal Tests Oil Majors’ Appetite for Risk and Reward

EghtesadOnline: OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again -- if they still have the risk appetite.
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Publish Date:19/December/2016 | 21:02