Opec - page 28

OPEC Flips Forecast to Predict Rebound in Rival Supply Next Year

EghtesadOnline: OPEC flipped its forecasts for rival supplies in 2017, predicting an increase in output from outside the group instead of a decline, the latest sign that the global surplus is persisting.

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Publish Date:13/September/2016 | 08:24

Four Scenarios for Oil Producers as They Seek to Boost Prices

EghtesadOnline: A meeting in Algiers at the end of September between OPEC and Russia -- which together pump more than half the world’s oil -- has raised expectations that a deal could be struck to boost prices.

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Publish Date:10/September/2016 | 09:48

Saudi Oil Output Said to Drop as OPEC Debates Production Freeze

EghtesadOnline: Saudi Arabia told OPEC that its oil production dropped by 40,000 barrels a day in August to 10.63 million barrels as the group debates a deal to curb output to shore up prices.

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Publish Date:10/September/2016 | 09:44

OPEC Focus Moves From Freeze to Output Ceilings

EghtesadOnline: As OPEC officials shuttle between Tehran, Moscow and Paris in preparation for an informal meeting in Algiers, the focus of their efforts appears to be moving from a production freeze to voluntary output caps.

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Publish Date:10/September/2016 | 09:10

Iran Says Too Early to Discuss Oil Output Freeze at Algiers

EghtesadOnline: It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Persian Gulf nation’s state-oil company.

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Publish Date:08/September/2016 | 09:21

Iraq Tells OPEC at What Oil Output Level It’s Ready to Freeze

EghtesadOnline: Iraq has given fellow OPEC members the level of crude production at which it would be prepared to freeze output, according to the top official at the state oil marketing company.

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Publish Date:08/September/2016 | 09:14

Rouhani Says ‘Vital’ to Restore Pre-Sanctions Oil Output

EghtesadOnline: Iran’s President said he supports efforts by OPEC to stabilize oil prices, while reiterating that the country must restore production lost during years of sanctions.

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Publish Date:07/September/2016 | 09:06

OPEC Risks ‘Crying Wolf’ as Oil Trader Gunvor Doubts Accord

EghtesadOnline: One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices.

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Publish Date:07/September/2016 | 08:56

Oil Rally Fervor Cools as OPEC Output at Record Before Talks

EghtesadOnline: Investors are realizing that OPEC’s talk of a production freeze may not be much of a restraint, as output reached another record.

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Publish Date:05/September/2016 | 09:27

Iran’s Ready to Pump More as OPEC Faces ‘Prisoner’s Dilemma’

EghtesadOnline: As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says it’s ready to pump more.

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Publish Date:05/September/2016 | 09:22

Zanganeh: Iran has strategic ties with Algeria in OPEC

EghtesadOnline: Minister of Petroleum Bijan Zanganeh said on Saturday that Iran has strategic ties with Algeria in the OPEC.

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Publish Date:04/September/2016 | 10:52

Iran rebukes Saudi Arabia ahead of OPEC meeting

EghtesadOnline: Iran said it is ready to help restore balance to the oil market but did not hold out much hope given that some producers are pumping crude at record levels.

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Publish Date:04/September/2016 | 10:19

Algerian minister: OPEC demand oil price to be between 50 to 60 dollars per barrel

EghtesadOnline: Oil price of 50 dollars per barrel is not acceptable and we are going to discuss the issue with OPEC member states, says Algerian Minister of Energy, Noureddine Boutarfa.

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Publish Date:04/September/2016 | 09:44

Putin Pushes for Oil Freeze Deal With OPEC, Exemption for Iran

EghtesadOnline: Vladimir Putin said he’d like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be resolved.

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Publish Date:03/September/2016 | 11:15

OPEC Secretary-General due in Iran to talk oil freeze

EghtesadOnline: The secretary-general of Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, will pay an official visit to Tehran next week to convince Iran to join the oil output freeze plan.

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Publish Date:01/September/2016 | 09:55

Oil Heads for Biggest Monthly Gain Since April Before OPEC Talks

EghtesadOnline: Oil is poised for the biggest monthly advance since April amid speculation informal talks among OPEC members in Algeria next month may result in action to stabilize the market.

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Publish Date:31/August/2016 | 09:01

Iraq Pledges to Support an OPEC Freeze Deal, Shifting Its Stance

EghtesadOnline: Iraq would support a proposal for OPEC and other major oil producers to freeze output at talks in Algeria next month, Prime Minister Haidar Al-Abadi said in Baghdad.

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Publish Date:31/August/2016 | 08:57

Iran to Seek Investment Bids in October Under New Oil Contracts

EghtesadOnline: Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions.

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Publish Date:30/August/2016 | 10:30

Oil prices rise as dollar comes off two-week high

EghtesadOnline: Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices.

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Publish Date:30/August/2016 | 07:30

Iraq Can Crush OPEC's Oil Freeze Believers

EghtesadOnline: When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran. This time both countries may be more accommodating; the stumbling block is more likely to be Iraq.

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Publish Date:29/August/2016 | 08:10