Opec - page 18

tag Opec

Oil prices stable as market expects extended production cut

EghtesadOnline: Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
|
Publish Date:24/May/2017 | 05:13

OPEC Fails to Clear Global Oil Glut, But Gets More Money Anyway

EghtesadOnline: At first glance, OPEC’s cuts haven’t worked -- global oil inventories remain well above normal levels. But the policy’s made a difference where it really counts: juicing the coffers of finance ministries from Baghdad to Caracas.
|
Publish Date:24/May/2017 | 04:32

OPEC on Verge of 9-Month Cuts Extension After Iraq Backing

EghtesadOnline: OPEC and its allies were poised to continue their production cuts for another nine months after Iraq backed an extension, removing one of the last remaining obstacles to an agreement.
|
Publish Date:23/May/2017 | 24:22

Iran Complying With Crude Supply Cut Deal

EghtesadOnline: Iran cut back crude oil production last month in a move that reflects its adherence to a global supply cut deal and OPEC's efforts to shore up prices and restore balance to the beleaguered oil market.
|
Publish Date:13/May/2017 | 09:48

Oil prices rise on expectation of output cut extension

EghtesadOnline: Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains.
|
Publish Date:08/May/2017 | 05:08

Oil Rout Damps Stock Gains as Bonds, Dollar Slip

EghtesadOnline: Crude plunged to a six-month low, erasing gains sparked by OPEC’s November output agreement, as concerns over a supply glut mounted. Earnings kept U.S. stocks afloat, while Treasuries slid with the dollar.
|
Publish Date:04/May/2017 | 21:09

Iran Oil Minister Backs Extension of Crude Supply Cuts

EghtesadOnline: Tehran will support a decision to extend an OPEC-led agreement to cut crude oil supplies and lift sagging prices if other members of the Organization of Petroleum Exporting Countries continue to comply with their planned cuts.
|
Publish Date:01/May/2017 | 24:27

Oil prices inch down on high stocks, weak China factories survey

EghtesadOnline: Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC-led crude oil output cuts could be extended when oil producers meet later this month.
|
Publish Date:01/May/2017 | 05:14

Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts

EghtesadOnline: Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.
|
Publish Date:27/April/2017 | 05:41

OPEC Ministers to Meet Russia Amid Push to Extend Cuts

EghtesadOnline: The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply.
|
Publish Date:27/April/2017 | 05:35

Oil falls on bulging U.S. crude inventories, record global supplies

EghtesadOnline: Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market.
|
Publish Date:26/April/2017 | 06:34

Russia's Oil Cuts Won't Be So Easy If OPEC Deal Is Extended

EghtesadOnline: For Russian oil companies, the historic agreement to boost prices by cutting output in conjunction with the Organization of Petroleum Exporting Countries was an easy win. Extending the deal will be less straightforward.
|
Publish Date:25/April/2017 | 18:11

Iranian Crude Oil at $53 Per Barrel

EghtesadOnline: Iran's crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices.
|
Publish Date:24/April/2017 | 09:38

Oil recovers lost ground, but market remains under pressure

EghtesadOnline: Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.
|
Publish Date:24/April/2017 | 05:53

Oil Prices Slide

EghtesadOnline: Oil prices edged lower on Friday, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market.
|
Publish Date:22/April/2017 | 08:29

Iran adheres to its commitments to OPEC: oil minister

EghtesadOnline: Most oil producers support an extension of output cuts by OPEC and non-OPEC countries, and Iran would also back such a move, Iranian oil minister Bijan Zanganeh said.
|
Publish Date:17/April/2017 | 11:47