برچسب oil Supply

Ahvaz Gas Turbine Restoration Boosts Oil Supply by 750K bpd

EghtesadOnline: Experts of the National Iranian Oil Company have restored a dilapidated gas-powered turbine in Ahvaz pumping station, Khuzestan Province, which has boosted the transfer of crude oil to refineries and export terminals, NISOC's deputy for production said on Saturday.
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Publish Date:12/August/2018 | 06:59

OPEC Finally Catches a Break

EghtesadOnline: The key sign of OPEC’s success may finally be here. Since the Organization of Petroleum Exporting Countries embarked on its strategy to clear a global glut, analysts from Goldman Sachs Group Inc. to Bank of America Corp. have said that one critical indicator would show the plan is working: the discount on immediate crude would turn into a premium. That condition known as backwardation signals demand is outpacing supply.
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Publish Date:12/August/2017 | 06:24

Brent Hits One-Month High

EghtesadOnline: Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.
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Publish Date:06/April/2017 | 18:11

Russia Needs Data on Oil Supply, Markets to Decide on More Cuts

EghtesadOnline: Russia isn’t ready to support a possible extension of oil-supply cuts into the second half of the year, even as more crude producers acknowledge they will probably need to do so to achieve their goals of balancing the market and firming up prices.
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Publish Date:27/March/2017 | 24:59

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 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

Saudi Said to Tie Crude-Supply Cuts to January Volume Requests

EghtesadOnline: Saudi Arabia, the driver behind the OPEC/non-OPEC agreement to reduce oil production to eliminate a global glut, plans to reduce supplies to customers in January based on requests for shipments, according to a person familiar with the matter.
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Publish Date:14/December/2016 | 08:47

Saudi Arabia Switches OPEC Tack With Eye on World’s Top IPO

EghtesadOnline: To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of the kingdom’s biggest policy challenges: the urgent need to plug holes in its budget and the plan to sell a stake in the state-owned oil monopoly.
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Publish Date:06/December/2016 | 16:24

OPEC Output Drops Further in February

EghtesadOnline: OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia and its Persian Gulf Arab allies over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary decline.
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Publish Date:03/March/2019 | 11:38

Oil Market Forecasters Bearish on 2019

EghtesadOnline: The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
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Publish Date:17/February/2019 | 24:18

Stocks Fall, Dollar Sinks as Politics Take a Toll

EghtesadOnline: U.S. stocks sank Friday and the euro climbed to its highest level against the dollar since January 2015 as investors assessed an investigation into U.S. President Donald Trump that may stall his economic agenda. European shares fell as the common currency’s rally weighed on carmakers and other exporters. Oil slumped after reports that OPEC supply increased this month.
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Publish Date:22/July/2017 | 04:33

oil up 1 percent, posts weekly gain of 5 percent

EghtesadOnline: Oil rose 1 percent on Friday, boosted as U.S. crude producers added only two rigs in the latest week and on signs of increased Chinese demand, but trading was volatile as global supply remained strong.
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Publish Date:15/July/2017 | 04:57