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Iran, OPEC’s Big Winner, Will Sign Landmark Oil Contract

EghtesadOnline: Iran, fresh from an OPEC meeting where it won significant concessions from regional rival Saudi Arabia, will accelerate the rejuvenation of its sanctions-ravaged energy industry on Tuesday when the state producer signs a new-model oil investment contract.
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Publish Date:04/October/2016 | 11:48

Oil Drops as U.S. Adds Drill Rigs While Iran Seeks Export Boost

EghtesadOnline: Oil declined from the highest close in six weeks as U.S. producers increased drilling and Iran signaled it’s seeking to boost exports after OPEC members agreed to reduce output at a meeting last week.
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Publish Date:03/October/2016 | 06:10
Good news for oil producers is bad news at the pump

The Biggest Winners and Losers From OPEC's Oil Deal

EghtesadOnline: The Organization of Petroleum Exporting Countries' agreement to cut production ends two years of Saudi Arabia's pump-at-will policies, which had sunk oil prices to the joy of drivers in the Western world and the consternation of central bankers seeking to stave off deflation. With the reversal of that stance, a whole new set of winners and losers will emerge.
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Publish Date:01/October/2016 | 06:38

With Deal Done, OPEC Faces Hurdles in Making Output Cuts Work

EghtesadOnline: The challenges OPEC will confront trying to limit output were evident just minutes after the group agreed on the new plan. In an angry and sometimes incoherent briefing, Iraq’s oil minister railed against the journalists and analysts who estimate the amount of crude each member produces.
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Publish Date:01/October/2016 | 06:24

In OPEC Hotel, Dealmaker’s Gambit Wins Saudi-Iran Agreement

EghtesadOnline: Noureddine Boutarfa, the Algerian oil minister who hosted this week’s OPEC meeting, resorted to one of the oldest tricks in the dealmaker’s book: He put his fellow ministers in the same hotel in the middle of nowhere.
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Publish Date:01/October/2016 | 06:19

Wall Street rallies as OPEC reaches output deal

EghtesadOnline: Wall Street ended higher on Wednesday after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the U.S. presidency.
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Publish Date:01/October/2016 | 04:20

Oil prices, stocks up on surprise OPEC deal though gains seen fizzling

EghtesadOnline: Oil prices extended gains in Asia on Thursday, boosting stock markets, after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the U.S. presidential election nears.
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Publish Date:29/September/2016 | 04:56

Oil soars 6 percent as OPEC reaches deal to limit output in November

EghtesadOnline: Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.
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Publish Date:29/September/2016 | 04:42

OPEC agrees modest oil output curbs in first deal since 2008

EghtesadOnline: OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
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Publish Date:29/September/2016 | 04:19

European Stocks Rise as Oil Sub-$45 Before Algiers; Dollar Gains

EghtesadOnline: European stocks rose with U.S. equity index futures as oil stabilized below $45 a barrel before major producers meet to discuss output constraints in Algiers. The dollar strengthened versus most peers.
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Publish Date:28/September/2016 | 07:57

OPEC set for no deal as Iran rejects Saudi oil output offer

EghtesadOnline: Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
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Publish Date:28/September/2016 | 05:08

Iran downplays chances of oil deal, UAE keen on freeze

EghtesadOnline: Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude.
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Publish Date:27/September/2016 | 04:21

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