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Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says

EghtesadOnline: Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister said as he prepared to host a meeting of OPEC producers later this week.
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Publish Date:26/September/2016 | 08:31

Oil Speculators Abandon Hope OPEC Reaches Supply Agreement

EghtesadOnline: Oil investors turned bearish at the fastest pace in more than a year as they lost confidence that OPEC will reach a deal with other producers to limit supply at a gathering this week in Algiers.
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Publish Date:26/September/2016 | 08:28

Iranian oil minister to attend Algiers int'l energy forum

EghtesadOnline: Iran's Minister of Petroleum Bijan Zangeneh will leave Tehran for Algiers on Monday to attend the 15th Meeting of the International Energy Forum (IEF) and non-official meeting of OPEC.
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Publish Date:26/September/2016 | 04:24

OPEC Deal Still Elusive Even After Saudis Offer Oil Cuts to Iran

EghtesadOnline: OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production.
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Publish Date:24/September/2016 | 24:48

Oil slumps 4 percent as no output deal expected for OPEC

EghtesadOnline: Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production.
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Publish Date:24/September/2016 | 24:12

Iraq Sees Now as ‘Right Time’ for OPEC Deal on Oil Output

EghtesadOnline: Now is the right time for OPEC to reach an agreement on oil output, and crude prices may fall if its members fail to take a decision when they meet next week in Algiers, Iraq’s governor to the producer group said.
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Publish Date:22/September/2016 | 15:35

Oil rises on weaker dollar after U.S. crude stock draw

EghtesadOnline: Oil rose for a second day on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories emboldened investors ahead of next week's meeting between OPEC members and Russia to discuss supply.
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Publish Date:22/September/2016 | 11:47

OPEC Seen Failing to Clinch Oil-Output Deal at Algiers Talks

EghtesadOnline: OPEC probably won’t clinch a deal to limit oil production in Algiers next week as members stay focused on either boosting output or defending their market share, according to a Bloomberg survey.
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Publish Date:21/September/2016 | 17:19

OPEC secretary-general says may call extra meeting if consensus at Algiers: APS

EghtesadOnline: OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS reported on Sunday.
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Publish Date:19/September/2016 | 06:04

Venezuela says OPEC, non-OPEC oil stabilizing deal 'close'

EghtesadOnline: Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were "close" to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month.
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Publish Date:19/September/2016 | 05:52

Oil climbs as Venezuela sees output deal, Libya suffers clashes

EghtesadOnline: Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.
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Publish Date:19/September/2016 | 05:48

Asia stocks rise before central bank meetings, oil bounces

EghtesadOnline: Asian shares advanced on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports.
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Publish Date:19/September/2016 | 05:22

OPEC chief: Algiers meeting not for 'decision making': Algerian state media

EghtesadOnline: OPEC Secretary-General Mohammed Barkindo said the meeting of OPEC members and non-OPEC producers in Algiers this month would be an informal meeting for consultations and not for decision making, Algerian state news agency APS said on Saturday.
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Publish Date:18/September/2016 | 09:05

Oil Glut Set to Worsen as Nigeria and Libya Fields Restart

EghtesadOnline: Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.
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Publish Date:15/September/2016 | 09:27