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OPEC: Iran's September Oil Output Remains Flat at 3.82mbpd

EghtesadOnline: Iran continues to remain a top performer in a global deal to cut oil supplies as data by OPEC showed the country pump around 3.82 million barrels per day for a second consecutive month in September.
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Publish Date:15/October/2017 | 13:16

Oversold: Oil traders punish OPEC for promising too much

EghtesadOnline: As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.
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Publish Date:27/May/2017 | 04:41

Saudi Arabia Likely to Back Extending Oil Output Cuts

EghtesadOnline: Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.
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Publish Date:13/April/2017 | 09:26

Saudi Arabia Likely to Back Extending Oil Output Cuts

EghtesadOnline: Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.
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Publish Date:13/April/2017 | 09:26

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

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

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

Oil Speculators Can't Dump Rally Bets Fast Enough Amid Glut

EghtesadOnline: The bullish sentiment following OPEC’s deal is almost all gone. Hedge funds haven’t been so skeptical on rising West Texas Intermediate crude prices since Nov. 29, the day before the cartel agreed to cut output, according to U.S. Commodity Futures Trading Commission data.
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Publish Date:27/March/2017 | 11:22

Oil Speculators Can't Dump Rally Bets Fast Enough Amid Glut

EghtesadOnline: The bullish sentiment following OPEC’s deal is almost all gone. Hedge funds haven’t been so skeptical on rising West Texas Intermediate crude prices since Nov. 29, the day before the cartel agreed to cut output, according to U.S. Commodity Futures Trading Commission data.
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Publish Date:27/March/2017 | 11:22

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

EghtesadOnline: Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.
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Publish Date:25/March/2017 | 06:45

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

EghtesadOnline: Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s cajoling.
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Publish Date:25/March/2017 | 06:45