oil deal - page 2

OPEC leans toward oil cut extension, but non-members need to be in: sources

EghtesadOnline: OPEC oil producers increasingly favor extending beyond June a pact on reducing crude supply to balance the market, sources within the group said, although Russia and other non-members need to remain part of the initiative.

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Publish Date:20/March/2017 | 23:18

Saudi Arabia Says Oil-Supply Cuts May Be Extended If Needed

EghtesadOnline: OPEC and its allies may prolong production cuts after they expire in June if the world’s crude inventories remain excessive, Saudi Arabia’s Energy Minister said.

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Publish Date:18/March/2017 | 07:48

Saudi Arabia Says Oil-Supply Cuts May Be Extended If Needed

EghtesadOnline: OPEC and its allies may prolong production cuts after they expire in June if the world’s crude inventories remain excessive, Saudi Arabia’s Energy Minister said.

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Publish Date:18/March/2017 | 07:48

Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts

EghtesadOnline: Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market as the rally that boosted prices initially on the curbs has faded.

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Publish Date:14/March/2017 | 05:13

Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts

EghtesadOnline: Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market as the rally that boosted prices initially on the curbs has faded.

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Publish Date:14/March/2017 | 05:13

Iraq Oil Flow to Slump as Maintenance Helps With OPEC Cut Pledge

EghtesadOnline: Iraq’s oil exports are poised to decline to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.

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Publish Date:14/February/2017 | 05:04

As OPEC Acts on New Year’s Resolution, U.S. Shale Pumps Away

EghtesadOnline: U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market.

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Publish Date:16/January/2017 | 15:02

Kuwait Says OPEC, Russia to Fulfill Pledged Oil-Output Cuts

EghtesadOnline: OPEC and its partners will fulfill their implementation of a deal to cut output, having already announced 60 to 70 percent of the promised curbs, Kuwait said.

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Publish Date:12/January/2017 | 05:56

Iraq Confirms Oil-Output Cut Even as Scheduled Exports Rise

EghtesadOnline: Iraq has reduced its oil production by 160,000 barrels a day and will comply with cuts it agreed to make under an OPEC output deal, Oil Minister Jabbar Al-Luaibi said, even as ship loading data suggested that exports are set to increase next month.

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Publish Date:12/January/2017 | 05:55

The Oil Trade Showing Where OPEC’s Cuts Are Starting to Bite

EghtesadOnline: As OPEC starts to make its production cuts work, the true impact of its actions is perhaps most in evidence in an obscure part of the physical oil market.

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Publish Date:07/January/2017 | 15:04

Libya’s Oil Revival Gathers Pace to Highlight Risks on OPEC Deal

EghtesadOnline: Libya, the holder of Africa’s biggest crude reserves, is ramping up output from its biggest oil field again after two years of internal conflict, the latest reminder of just how vulnerable OPEC’s quest to clear a global crude glut might be.

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Publish Date:04/January/2017 | 14:14

OPEC Deal Tests Oil Majors’ Appetite for Risk and Reward

EghtesadOnline: OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again -- if they still have the risk appetite.

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Publish Date:19/December/2016 | 21:02

Oil prices soar on global producer deal to cut crude output

EghtesadOnline: Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets.

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Publish Date:12/December/2016 | 05:23

OPEC, Russia see smooth road to global deal on output cut

EghtesadOnline: Russia and Saudi Arabia said they expect OPEC and non-OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001.

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Publish Date:10/December/2016 | 13:27

OPEC Says Road Map to Implement Algiers Oil Deal Is Taking Shape

EghtesadOnline: The path to implementing OPEC’s Algiers agreement to cut production is taking shape and the outcome of a meeting of oil producers in Vienna Friday and Saturday could have a significant impact on the market, according to the group’s top official.

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Publish Date:29/October/2016 | 06:04

NIOC in Talks With Vitol

EghtesadOnline: Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported.

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Publish Date:02/September/2018 | 08:16

Saudi's Falih Sees No Need to Alter Oil-Cuts Deal, Interfax Says

EghtesadOnline: Saudi Arabia doesn’t see any need for changes to the oil-cuts deal agreed on by OPEC and its allies last month in Vienna, Oil Minister Khalid Al-Falih said, according to Interfax.

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Publish Date:11/June/2017 | 04:24

Crude Falls for Third Week as Glut Persists After OPEC Cuts

EghtesadOnline: Oil fell for a third week as rising supplies from the U.S. to Nigeria to Libya showed that OPEC is still struggling to clear a global glut.

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Publish Date:10/June/2017 | 06:43

Expert Links OPEC Supply Cut Deal to Political Concord

EghtesadOnline: Had OPEC producers not compartmentalized political disagreements from economic issues, they would not have succeeded in extending the oil production cut deal for nine more months to battle the global glut, the former head of petroleum market studies department at the Oil Ministry said.

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Publish Date:29/May/2017 | 05:53

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