Opec - page 24

OPEC Has ‘All Hands on Deck’ as Deadline to Complete Deal Looms

EghtesadOnline: OPEC members are focused on a "common objective" as a deadline approaches to finalize an agreement to limit the group’s production for the first time in eight years.

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Publish Date:16/November/2016 | 11:08

Oil declines after OPEC-inspired rally as U.S. inventories rise

EghtesadOnline: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after industry data showed U.S. crude stocks rose beyond expectations last week to add to an oversupplied market.

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Publish Date:16/November/2016 | 10:45

Oil prices rise on falling shale output, renewed hopes of OPEC cut

EghtesadOnline: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.

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Publish Date:15/November/2016 | 06:12

Iran Pumps More Oil as Saudi Minister Calls for OPEC Output Cuts

EghtesadOnline: Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market.

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Publish Date:14/November/2016 | 06:29

Oil steady near multi-month lows on OPEC output record, U.S. rig count

EghtesadOnline: Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again.

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Publish Date:14/November/2016 | 05:54

Iran Tells OPEC It Raised Supply by Most Since Sanctions

EghtesadOnline: Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates.

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Publish Date:12/November/2016 | 07:44

OPEC Deal Becomes More Urgent, Harder to Reach on Trump Victory

EghtesadOnline: OPEC was already struggling to finalize a deal on production cuts this month. And then Donald Trump was elected President of the U.S.

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Publish Date:10/November/2016 | 11:35

OPEC Boss Warns of Oil-Market Instability If No Deal on Output

EghtesadOnline: OPEC’s chief warned of prolonged instability in the oil market if the producer group and other major crude suppliers fail to act jointly to limit output and curb a global glut.

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Publish Date:09/November/2016 | 10:12

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

OPEC Chief Says Russia on Board With Deal to Limit Output

EghtesadOnline: Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo.

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Publish Date:07/November/2016 | 10:36

OPEC Output Deal ‘More Likely Than Not,’ Citigroup’s Morse Says

EghtesadOnline: OPEC and Russia will probably be able to reach an accord to reduce crude production and boost prices, according to Ed Morse, head of commodity research at Citigroup Inc.

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Publish Date:05/November/2016 | 05:43

Saudis could raise oil output again as sparring with Iran returns - sources

EghtesadOnline: Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.

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Publish Date:05/November/2016 | 05:06

OPEC Quest Gets Tougher as Libya and Nigeria Ramp Up Oil Supply

EghtesadOnline: Nigeria and Libya, two crude suppliers in OPEC whose output was crushed by domestic conflicts this year, are ramping up again and spelling out what could become the producer club’s biggest challenge as it grapples with a global supply glut.

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Publish Date:02/November/2016 | 05:51

OPEC Chief Says Oil Producers On Course to Deliver Supply Deal

EghtesadOnline: OPEC’s most senior official said the organization and other major oil producers are “on course” to deliver a deal this month that will temper the global oversupply.

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Publish Date:01/November/2016 | 24:59

Oil's Heading to $40 If OPEC Fails, Says Goldman

EghtesadOnline: An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.

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Publish Date:01/November/2016 | 24:57

Oil prices rise from one-month lows after OPEC approves strategy

EghtesadOnline: Oil prices rose from one-month lows in Asian trading on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.

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Publish Date:01/November/2016 | 11:59

Oil Extends Decline as OPEC Splits Prevent Deal to Curb Supply

EghtesadOnline: Oil declined for a second day as OPEC’s internal disagreements undermined efforts among major suppliers to reach an agreement in Vienna on trimming output to support prices.

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Publish Date:31/October/2016 | 05:30

OPEC Splits Prevent Deal With Other Producers to Curb Supply

EghtesadOnline: OPEC’s internal disagreements over how to implement oil-supply cuts agreed last month prevented a deal to secure the cooperation of other major suppliers.

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Publish Date:30/October/2016 | 07:33

OPEC Said to End First Day of Vienna Talks Without a Deal

EghtesadOnline: OPEC ended its first day of meetings in Vienna without reaching a deal on country quotas, delegates who took part in the talks said.

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Publish Date:29/October/2016 | 05:59

OPEC May Need Help to End the Global Glut of Oil

EghtesadOnline: Even if OPEC defies a skeptical market by implementing output cuts in full, it still won’t drain the ocean of surplus oil already pumped from the ground.

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Publish Date:28/October/2016 | 16:00