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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

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 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

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

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

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