oil output - page 8

Oil Extends Longest Gain of 2017 as Saudis Seen Extending Curbs

EghtesadOnline: Oil advanced for a seventh day in New York, the longest gain since December, on confidence Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking.

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Publish Date:12/April/2017 | 08:32

Oil Caps Biggest Weekly Gain in 2017 as OPEC Eyes Deal Extension

EghtesadOnline: Oil capped its biggest weekly increase this year amid speculation OPEC will extend its deal to curb output and ease a global glut.

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Publish Date:01/April/2017 | 19:27

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

EghtesadOnline: Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year.

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Publish Date:29/March/2017 | 08:57

Oil Drops as Producers Say They Need More Time to Cut Stockpiles

EghtesadOnline: A pledge by crude producers to consider extending their output-cut deal failed to excite oil bulls, with prices dropping as more time was seen needed to trim swollen global stockpiles.

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Publish Date:27/March/2017 | 11:24

Algeria Joins Call to Roll Over Oil Production Cuts Beyond June

EghtesadOnline: Algeria’s energy minister supports extending global oil production cuts beyond June as the strategy is succeeding in reducing global inventories. Russia is moving ahead with its own reductions to curb a global glut.

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Publish Date:26/March/2017 | 04:46

Oil Falls Amid Record U.S. Stockpiles, Upcoming Producer Talks

EghtesadOnline: Oil dropped as U.S. crude supplies rose to an all-time high while investors await a meeting between OPEC and its allies that may signal whether they’ll extend output curbs.

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Publish Date:25/March/2017 | 06:20

OPEC, Allies Meet as Oil Market Warns Them: Job's Not Done

EghtesadOnline: OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done.

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Publish Date:24/March/2017 | 24:26

Saudi ‘Mission Impossible’ Makes Longer OPEC Oil Cuts Inevitable

EghtesadOnline: Saudi Arabia has set a near-impossible target to end the current round of OPEC oil-production cuts, indicating that a policy rollover into the second half of the year is a near certainty.

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Publish Date:18/March/2017 | 07:46

Oil prices hit 3-month low as U.S. rig count climbs

EghtesadOnline: Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs.

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Publish Date:13/March/2017 | 05:31

OPEC's Houston Huddle Deepens Oil Cuts Dilemma

EghtesadOnline: OPEC ministers met with partners and rivals in Houston this week as they try to figure out whether to prolong production cuts. That decision only got harder.

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Publish Date:09/March/2017 | 06:09

Saudi Arabia, Russia Offer United Front on Oil Production Cuts

EghtesadOnline: Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the OPEC and non-OPEC deal.

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Publish Date:08/March/2017 | 05:22

IEA Sees Oil Investment Revival After a Two-Year Rout

EghtesadOnline: Oil companies are reviving investment after a two-year rout as OPEC output cuts boost prices, easing but not eliminating the risk of a future supply crunch, the International Energy Agency said.

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Publish Date:07/March/2017 | 05:13

IEA Doubles Forecast for New OPEC Oil by 2022 as Iraq Ramps Up

EghtesadOnline: OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq, the International Energy Agency said.

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Publish Date:07/March/2017 | 05:06

Oil rebounds from recent weakness, still rangebound

EghtesadOnline: Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.

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Publish Date:04/March/2017 | 05:26

Saudi Arabia Oil Tanker Tracking Shows Exports Slide in February

EghtesadOnline: Saudi Arabia’s shipments of crude oil fell last month, indicating OPEC’s biggest producer is continuing to cut supplies by more than it pledged.

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Publish Date:02/March/2017 | 09:57

Barkindo: Worst Over for International Oil Market

EghtesadOnline: OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the group's secretary-general, Mohammed Barkindo, said on Monday.

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Publish Date:01/March/2017 | 13:52

Oil ticks up on supply cuts, but rising U.S. output caps gains

EghtesadOnline: Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains.

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Publish Date:27/February/2017 | 06:42

OPEC's Pushing for Full Compliance With Oil Cuts, Barkindo Says

EghtesadOnline: Implementation of an agreement between OPEC and other major producers to reduce output has been “very encouraging” and the agreement is on track to reduce the global oil surplus, said the group’s top official.

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Publish Date:22/February/2017 | 04:53

Crude prices rise as investors bet big on oil strength

EghtesadOnline: Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.

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Publish Date:21/February/2017 | 05:35

Oil prices flatline as U.S. drilling counters OPEC output cuts

EghtesadOnline: Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance.

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Publish Date:20/February/2017 | 05:27