oil output - page 6

Oil sinks while stocks gain on North Korea, euro shaken by Italy

EghtesadOnline: U.S. oil futures sank to six-week lows on Monday on expectations that major producers may raise output, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit.

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Publish Date:28/May/2018 | 09:10

Oil output could return to October 2016 level, says Russia's Novak

EghtesadOnline: A return to the oil production levels that were in place in October 2016, baseline for the current deal to cut output, is one of the options for easing curbs, Russia’s energy minister said on Saturday.

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Publish Date:27/May/2018 | 24:51

Russia Likely to Back Extension of OPEC Deal as Prices Stabilize

EghtesadOnline: Russia is likely to back a further extension of the OPEC agreement cutting oil output , judging that it has helped to stabilize the market, the country’s deputy prime minister said.

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Publish Date:03/September/2017 | 04:47

Oil Producers Don’t Have a Plan to End the Glut

EghtesadOnline: OPEC and Russia’s plan to clear the global oil glut hasn’t worked as they hoped, but there’s little expectation the world’s largest producers will act more aggressively when they meet this weekend.

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Publish Date:21/July/2017 | 07:44

OPEC Wrestles Over Oil Output While Top Importer's Demand Is in Peril

EghtesadOnline: Oil bulls grappling with OPEC’s weakened resolve to curb output are also having to worry about waning demand in the world’s biggest buyer of overseas crude.

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Publish Date:19/July/2017 | 05:03

OPEC's First 2018 Outlook Shows It's Still Pumping Too Much Oil

EghtesadOnline: OPEC’s first assessment of world markets in 2018 showed that, despite cutting output, the group is still pumping too much crude.

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Publish Date:12/July/2017 | 24:21

Oil Posts Weekly Decline as U.S. Drillers Resume Expansion

EghtesadOnline: Oil prices declined for the week, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.

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Publish Date:08/July/2017 | 04:18

IEA chief Birol: Oil market to rebalance in second half of 2017

EghtesadOnline: The global oil market is expected to rebalance in the second half of 2017, but further output increases among key producers such as Nigeria and Libya could hamper this process, International Energy Agency chief Fatih Birol said on Tuesday.

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Publish Date:05/July/2017 | 05:21

OPEC's Output Rose to the Highest This Year

EghtesadOnline: OPEC’s crude production rose to the highest this year in June as member nations exempt from output curbs pumped more.

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Publish Date:04/July/2017 | 04:11

Oil prices rise on first drop in U.S. drilling in months

EghtesadOnline: Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

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Publish Date:03/July/2017 | 04:43

Oil prices fall on OPEC output increase, rising U.S. crude stocks

EghtesadOnline: Oil prices fell around 1 percent on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output.

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Publish Date:14/June/2017 | 07:05

Iran's Maxed-Out Crude Output Eases OPEC Push to Extend Cuts

EghtesadOnline: Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.

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Publish Date:24/May/2017 | 13:23

Oil prices stable as market expects extended production cut

EghtesadOnline: Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.

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Publish Date:24/May/2017 | 05:13

Saudis, Russia Favor Extending Oil Output Curbs by 9 Months

EghtesadOnline: Saudi Arabia and Russia said they favor extending oil-output cuts by global producers through the end of the first quarter of 2018 to shrink a market glut. Crude prices jumped.

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Publish Date:15/May/2017 | 04:12

Iran Complying With Crude Supply Cut Deal

EghtesadOnline: Iran cut back crude oil production last month in a move that reflects its adherence to a global supply cut deal and OPEC's efforts to shore up prices and restore balance to the beleaguered oil market.

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Publish Date:13/May/2017 | 09:48

Oil gives up earlier gains as rising US output, China concerns weigh

EghtesadOnline: Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended.

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Publish Date:09/May/2017 | 04:44

Oil prices rise on expectation of output cut extension

EghtesadOnline: Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains.

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Publish Date:08/May/2017 | 05:08

Iran refreshes consent with oil at $55

EghtesadOnline: Iran has refreshed its consent with the price of oil around $55 per barrel with the country’s Petroleum Minister Bijan Zanganeh stressing that there is already a consensus among producers to keep the prices at the same level by extending the current production cuts.

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Publish Date:07/May/2017 | 24:05

Iran Will Go Along With Whatever OPEC Decides on Crude Cutbacks

EghtesadOnline: Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil production cuts beyond June, Oil Minister Bijan Namdar Zanganeh said.

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Publish Date:07/May/2017 | 03:32

OPEC Runs Out of Options as Bid to Boost Oil Price Fizzles

EghtesadOnline: OPEC’s plan to boost oil prices by cutting production has fizzled, yet it has little choice but to stick with it.

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Publish Date:06/May/2017 | 04:02