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Oil Slips as Clock Ticks on OPEC Deal Amid Rising U.S. Supply

EghtesadOnline: Oil slipped from a two-week high in New York as OPEC made another push to finalize an accord on cutting production, while rising crude inventories in the U.S. showed the global surplus remains.
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Publish Date:16/November/2016 | 11:09

OPEC Said to Start Final Diplomatic Push on Oil-Cuts Plan

EghtesadOnline: OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers, according to a delegate familiar with the talks.
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Publish Date:15/November/2016 | 06:52

Oil Man Who Foresaw Crash Sees OPEC Uniting in Self-Interest

EghtesadOnline: OPEC members need to stop bickering over output curbs or risk the group becoming irrelevant to global oil markets, according to an analyst who predicted the biggest price crash in a generation.
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Publish Date:14/November/2016 | 06:26

Oil falls as non-OPEC yet to pledge concrete output steps

EghtesadOnline: Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
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Publish Date:31/October/2016 | 04:29

OPEC Says Road Map to Implement Algiers Oil Deal Is Taking Shape

EghtesadOnline: The path to implementing OPEC’s Algiers agreement to cut production is taking shape and the outcome of a meeting of oil producers in Vienna Friday and Saturday could have a significant impact on the market, according to the group’s top official.
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Publish Date:29/October/2016 | 06:04

Russia Oil Capable of Significant Output Growth, Sechin Says

EghtesadOnline: Russia’s largest oil company said the nation is capable of a substantial increase in production, less than two weeks after President Vladimir Putin pledged his support for international efforts to limit output.
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Publish Date:23/October/2016 | 09:41

OPEC’s Quiet Man Is at Center of Cuts Deal Nobody Saw Coming

EghtesadOnline: As OPEC members meet again in Istanbul, the quiet diplomacy of one of its lowest-profile members will play a central role in whether the group can successfully implement its first production cuts in eight years.
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Publish Date:10/October/2016 | 17:48

Oil Bulls Rewarded as Crude Surges After OPEC Output Accord

EghtesadOnline: Oil investors’ bullish bets on last week’s OPEC meeting paid off. While most analysts weren’t expecting a deal, money managers increased wagers on rising prices by the most since January ahead of the Organization of Petroleum Exporting Countries’ talks in Algiers.
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Publish Date:03/October/2016 | 06:07

Oil prices fall on high production despite planned OPEC output cut

EghtesadOnline: Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.
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Publish Date:03/October/2016 | 05:39

Iran has right to raise oil output : Algeria

EghtesadOnline: Algerian energy minister lent weight to Iran’s bid to regain market share through stepped-up oil production despite objections from Saudi Arabia.
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Publish Date:10/September/2016 | 10:56

Modular Refining Units to Help Raise Iran's South Azadegan Oil Output

EghtesadOnline: To raise crude output in shared reservoirs with Iraq, Iran's Petroleum Engineering and Development Company is installing skid-mounted modular mini refining units in South Azadegan Oilfield in Khuzestan Province, managing director of the firm said.
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Publish Date:04/February/2019 | 15:16

Iran Criticizes Moscow-Riyadh Efforts to Ramp Up Oil

EghtesadOnline: A senior Iranian energy official criticized Russia and Saudi Arabia for ramping up oil output , saying they were breaking a production agreement between OPEC and Moscow and would strengthen the US effort to impose sanctions on Tehran.
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Publish Date:07/August/2018 | 09:46

OPEC sees strong oil market, possible need for more output

EghtesadOnline: Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.
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Publish Date:19/June/2018 | 10:37

Oil falls as investors brace for output increases

EghtesadOnline: Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall.
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Publish Date:29/May/2018 | 11:05