Opec - page 13

OPEC sees strong oil market, possible need for more output

EghtesadOnline: Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.

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Publish Date:19/June/2018 | 10:37

OPEC Unlikely to Discuss US Sanctions Against Iran

EghtesadOnline: OPEC is likely to reject a request by Iran to discuss US sanctions against Tehran at this month’s meeting of the oil producer group, a source familiar with the matter told Reuters.

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Publish Date:10/June/2018 | 09:36

Oil falls as investors grow wary of OPEC commitment to supply deal

EghtesadOnline: Oil fell on Wednesday, under pressure from a potential increase in OPEC crude output to cool the market’s recent rally and cover any shortfalls in supply from Iran and Venezuela.

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Publish Date:23/May/2018 | 10:40

Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week

EghtesadOnline: Oil rose for a second straight week as OPEC’s commitment to rebalance the market and geopolitical risks to global supplies overshadowed U.S. President Donald Trump’s tweet on “artificially Very High” prices.

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Publish Date:21/April/2018 | 13:45

OPEC Does Not Want Brent Over $60

EghtesadOnline: OPEC members do not want Brent oil to rise above $60 a barrel because higher prices could bring more supply from shale output, Iran’s oil minister said.

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Publish Date:10/January/2018 | 14:11

OPEC Approaches Meeting Without Clear Plan on How to Extend Cuts

EghtesadOnline: Fifteen days from now, nations that pump more than half the world’s oil gather in Vienna to discuss extending the production cuts that helped lift prices to two-year highs. The outcome is far from certain.

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Publish Date:15/November/2017 | 13:28

OPEC Reaffirms Iran's Pledge to Supply Cuts

EghtesadOnline: Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.

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Publish Date:14/November/2017 | 07:40

OPEC Head Says Oil Cuts ‘Only Viable Option’ to Stabilize Market

EghtesadOnline: The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said.

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Publish Date:13/November/2017 | 11:00

Oil Extends Gains as OPEC Says All Options Open on Re-Balancing

EghtesadOnline: Oil extended gains as OPEC and its allies reiterated that all options are open to re-balance the market.

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Publish Date:23/October/2017 | 05:40

OPEC Sees ‘Healthy’ Oil Demand Growth to 2022

EghtesadOnline: Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.

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Publish Date:16/October/2017 | 10:53

Zanganeh: Iran Will Not Accept New Crude Cuts

EghtesadOnline: Iran will not settle for any agreement that may compromise its crude oil market share, Oil Minister Bijan Namdar Zanganeh said ahead of a meeting of OPEC and non-OPEC countries in Vienna that discussed deeper cuts to a global supply cut deal.

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Publish Date:23/September/2017 | 06:01

Oil rises after Iraq signals possible OPEC cut extension

EghtesadOnline: Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventories.

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Publish Date:20/September/2017 | 07:30

OPEC Discusses Extending Oil Cuts by More Than Three Months

EghtesadOnline: OPEC and its allies are discussing extending by more than three months the oil production cuts that expire in March 2018, potentially prolonging them well into the second half of next year in an effort to boost prices, according to people familiar with the matter.

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Publish Date:13/September/2017 | 05:06

Zanganeh: OPEC Compliance With Output Pact Increasing

EghtesadOnline: OPEC members’ compliance with the agreement to reduce output has improved in recent months, Iran’s oil minister said on Monday, noting that unofficial talks were underway among oil producing countries to extend the cuts next year.

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Publish Date:06/September/2017 | 09:09

Russia Likely to Back Extension of OPEC Deal as Prices Stabilize

EghtesadOnline: Russia is likely to back a further extension of the OPEC agreement cutting oil output, judging that it has helped to stabilize the market, the country’s deputy prime minister said.

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Publish Date:03/September/2017 | 04:47

OPEC's Oil-Glut Fight Could Last Years

EghtesadOnline: When OPEC and Russia first embarked on their strategy to clear a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years.

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Publish Date:16/August/2017 | 05:13

Oil slips on strong dollar, OPEC and China weigh

EghtesadOnline: Oil prices slipped on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer.

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Publish Date:15/August/2017 | 24:07

OPEC’s Long-Sought Success Spoiled by 2018 Oil Supply Worry

EghtesadOnline: Oil investors are already worrying over the potential fallout when OPEC’s deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding.

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Publish Date:15/August/2017 | 10:33

OPEC Reports Uptick in Iran’s July Output

EghtesadOnline: Iran increased crude oil production last month along with most other OPEC producers as the 14-nation group continues efforts.

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Publish Date:12/August/2017 | 14:22

IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018

EghtesadOnline: The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging nations.

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Publish Date:12/August/2017 | 06:05