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OPEC set for no deal as Iran rejects Saudi oil output offer

EghtesadOnline: Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
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Publish Date:28/September/2016 | 05:08

Iran Now Has the Edge in the Fight Over Oil Prices With Saudi Arabia

eGHTESADoNLINE: suddenly the tables have been turned on Saudi Arabia. The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years OPEC price hawk. The government in Riyadh is now offering a deal -- including its first output cut in eight years -- to boost prices; Tehran is dragging its feet. At the center of the reversal is their contrasting thresholds for enduring economic pain.
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Publish Date:27/September/2016 | 07:14

Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says

EghtesadOnline: Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister said as he prepared to host a meeting of OPEC producers later this week.
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Publish Date:26/September/2016 | 08:31

OPEC Deal Still Elusive Even After Saudis Offer Oil Cuts to Iran

EghtesadOnline: OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production.
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Publish Date:24/September/2016 | 24:48

Saudi Arabia’s July Oil Exports Reach Record as Local Use Eases

EghtesadOnline: Saudi Arabia’s oil exports climbed in July to a record level for that month, as the kingdom curbed the amount of crude it burns to generate energy domestically, according to the Joint Oil Data Initiative.
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Publish Date:21/September/2016 | 17:42

Saudi Arabia Said Poised to Add Boutique for Aramco IPO

EghtesadOnline: Saudi Arabian Oil Co. is poised to choose an adviser from a list of boutiques for what could be the biggest initial public offering ever, a major coup for one of the smaller banks in an otherwise sluggish year for listings.
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Publish Date:10/September/2016 | 09:51

Brent extends gains after Russia, Saudi Arabia sign pact

EghtesadOnline: Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein in output capped gains.
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Publish Date:06/September/2016 | 07:48

Russia and Saudi Arabia to Work Toward Oil-Market Stability

EghtesadOnline: Saudi Arabia and Russia agreed to work together to ensure oil market stability even as leaders from the world’s two biggest crude producers stopped short of offering detailed proposals.
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Publish Date:05/September/2016 | 09:19

Iran rebukes Saudi Arabia ahead of OPEC meeting

EghtesadOnline: Iran said it is ready to help restore balance to the oil market but did not hold out much hope given that some producers are pumping crude at record levels.
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Publish Date:04/September/2016 | 10:19

Saudis Seen Bolstering Oil Market Defense With Asia Storage

EghtesadOnline: Saudi Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.
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Publish Date:03/September/2016 | 11:46