Opec - page 27

Saudi Arabia Faces Tough OPEC Equation With Mounting ‘Exemptions’

EghtesadOnline: Saudi Arabia faces the prospect of much deeper -- and financially painful -- oil production cuts after Iraq joined the queue of group members seeking immunity from the deal hatched in Algiers.

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Publish Date: 26/October/2016 | 16:09

Iran's ready to join oil freeze plan

EghtesadOnline: A senior Iranian oil official here on Monday voiced Tehran readiness to join the Organization of Petroleum Exporting Countries (OPEC) oil freeze plan to help stabilize prices in international markets.

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Publish Date: 25/October/2016 | 10:16

OPEC, key producers to discuss six-month oil deal

EghtesadOnline: OPEC will hold talks with non-member oil producers on Wednesday in a bid to hammer out details of a global agreement to cap production for at least six months as Russia lent its support for the plan.

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Publish Date: 25/October/2016 | 09:19

Russian, Persian Gulf Arab Oil Ministers Meet as OPEC Cut Looms

EghtesadOnline: Russia’s energy minister met with counterparts from Saudi Arabia and other Persian Gulf Arab oil-producers to discuss steps to stabilize crude markets amid OPEC’s drive to win cooperation from the biggest supplier outside the group in limiting output to prop up prices.

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Publish Date: 24/October/2016 | 09:14

Oil prices drop as Iraq says doesn't want to join OPEC cut

EghtesadOnline: Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.

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Publish Date: 24/October/2016 | 08:25

Russia’s Rising Oil-Output Forecasts Give Leverage in OPEC Talks

EghtesadOnline: As Russia gets ready for talks on cooperation with OPEC on Monday, it’s using the playbooks of Iran, Iraq and Venezuela to gain leverage.

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Publish Date: 23/October/2016 | 09:36

Venezuela's Maduro says oil producers close to output cap deal

EghtesadOnline: Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were "very close" to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported.

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Publish Date: 23/October/2016 | 05:44

Oil Holds Above $50 in New York as Market Waits for Output Deal

EghtesadOnline: Crude settled above $50 a barrel as investors assessed the likelihood of a deal to reduce supply after Russia’s energy minister said the country’s oil output may rise to a record next year.

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Publish Date: 22/October/2016 | 08:57

Oil Seen Stuck in $50 to $60 Range as Shale Blunts OPEC Action

EghtesadOnline: The world should get used to oil prices between $50 and $60 a barrel as falling costs in America’s shale fields counteract OPEC’s renewed commitment to supply management.

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Publish Date: 19/October/2016 | 09:26

Oil rises on U.S. crude inventory draw, falling Chinese output

EghtesadOnline: Oil prices rose on Wednesday, lifted by a report of a drop in U.S. crude inventories and declining production in China, while an upbeat OPEC statement on its planned output cut also supported the market.

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Publish Date: 19/October/2016 | 07:15

OPEC Spat Over Production Data Grows as Iran Rejects Estimates

EghtesadOnline: OPEC’s struggle with the first step of its new production deal -- agreeing on how much its members are pumping -- deepened as Iran became the third nation to openly question the organization’s data.

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Publish Date: 18/October/2016 | 06:19

As OPEC Waits on Russia, Naimi Memoir Offers Cautionary History

EghtesadOnline: Ali Al-Naimi, the former Saudi oil minister and architect of the 2014 pump-at-will OPEC policy that’s roiled markets since, drew the conclusion during his final years in office that there was "zero" chance of countries outside the group joining in production cuts.

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Publish Date: 18/October/2016 | 06:11

What OPEC’s Oil U-Turn Missed: Peak Demand Keeps Getting Closer

EghtesadOnline: OPEC’s decision last month to reverse its policy of unfettered production and cut oil output to boost prices may be at odds with the industry’s most important long-term trend: demand for what they produce could start falling within 15 years.

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Publish Date: 17/October/2016 | 08:17

Iran calls OPEC's decision to limit output 'baby step in right direction'

EghtesadIOnline: Iran's deputy oil minister said on Monday that the OPEC's primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in right direction.

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Publish Date: 17/October/2016 | 07:40

OPEC-Russia Roadshow Heads to Vienna for Oil-Cuts Talks

EghtesadOnline: OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts.

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Publish Date: 13/October/2016 | 08:42

Oil prices fall on higher OPEC output, rise in U.S. crude stocks

EghtesadOnline: Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles.

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Publish Date: 13/October/2016 | 07:51

OPEC, key producers to discuss six-month oil deal

EghtesadOnline: OPEC will hold talks with non-member oil producers on Wednesday in a bid to hammer out details of a global agreement to cap production for at least six months as Russia lent its support for the plan.

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Publish Date: 11/October/2016 | 21:26

Asian shares mostly lower, oil near one-year high on output cut plan

EghtesadOnline: Asian shares were mostly lower on Tuesday, while oil prices hovered near one-year highs on growing expectations of an output cut by OPEC producers.

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Publish Date: 11/October/2016 | 09:20

Putin Says Russia Ready to Join OPEC Effort to Limit Oil Supply

EghtesadOnline: Russia, the world’s largest energy exporter, is ready to join OPEC in limiting oil production with either a freeze or a cut, said President Vladimir Putin.

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Publish Date: 10/October/2016 | 17:43

Oil approaches one-year high as speculators buy into output cut deal

EghtesadOnline: Oil prices rose around one percent on Monday, approaching one-year highs, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels.

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Publish Date: 10/October/2016 | 16:16