tag Non-OPEC

OPEC, non-OPEC producers end JMMC meeting

EghtesadOnline: The First Meeting of the Joint OPEC- Non-OPEC Ministerial Monitoring Committee (JMMC) concluded in Vienna after it issued a statement on Sunday.
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Publish Date:23/January/2017 | 14:33

OPEC, Non-OPEC Agree on Deeper Oil Output Cut

EghtesadOnline: OPEC and its allies (OPEC+ including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional 500,000 barrels per day until March 2020 as the 177th OPEC meeting held in Vienna, Austria, closed on Friday.
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Publish Date:07/December/2019 | 11:37

Brent, WTI Prices Surge as OPEC Extends Cuts

EghtesadOnline: The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization.
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Publish Date:03/July/2019 | 11:31

OPEC, Non-OPEC Nations to Meet on Compliance With Oil Targets

EghtesadOnline: Representatives of some OPEC and non-OPEC nations will meet in Abu Dhabi as soon as next week to discuss why some of them are falling behind in their pledges to cut production, people familiar with the matter said.
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Publish Date:29/July/2017 | 05:01

Non-OPEC Delivers More Than a Quarter of Promised Cuts so Far

EghtesadOnline: Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than a quarter of the total pledged a month ago in Vienna.
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Publish Date:11/January/2017 | 04:28

Oil surges after output cuts, strong dollar weighs

EghtesadOnline: Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting this week, at which a rate hike is widely expected.
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Publish Date:12/December/2016 | 05:21

OPEC, non-OPEC agree first global oil pact since 2001

EghtesadOnline: OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
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Publish Date:11/December/2016 | 05:32

Saudis Signal Deeper Cuts After Deal With Non-OPEC Countries

EghtesadOnline: Saudi Arabia signaled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several non-other OPEC countries pledged to curb output next year.
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Publish Date:11/December/2016 | 05:26

OPEC Meets With Non-OPEC Counterparts for Oil Cuts Deal

EghtesadOnline: The Organization of Petroleum Exporting Countries is meeting with countries outside the group in Vienna on Saturday to agree on a pact to curb oil supply and drain record global stockpiles.
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Publish Date:10/December/2016 | 13:05

Eni CEO Urges Non-OPEC to Cut Output, Sees Profit at $50 Oil

EghtesadOnline: Eni SpA’s chief executive officer called for oil producers outside OPEC to join the group in cutting production to stabilize the market and said his company could still make money with crude at $50 a barrel.
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Publish Date:07/November/2016 | 11:13