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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

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

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

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

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

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

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 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

The U.S. Shale Boom Is Slowing Down

EghtesadOnline: Oil explorers reduced rigs drilling in U.S. oilfields this week, fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen crude prices.
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Publish Date:06/August/2017 | 06:37

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

U.A.E. Sees OPEC Considering Oil-Cuts Extension in November

EghtesadOnline: OPEC may need to consider extending its oil-cuts agreement when the group meets in November, as crude markets are taking too long to recover, United Arab Emirates Energy Minister Suhail Al Mazrouei said.
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Publish Date:25/July/2017 | 05:01

Oil gains ahead of producer meeting; Nigeria, Libya output in focus

EghtesadOnline: Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.
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Publish Date:24/July/2017 | 04:59