Opec - page 29

OPEC Under Pressure to Act in Algiers as Surplus Triples

EghtesadOnline: As OPEC prepares to meet in Algiers next week, the oil market is reminding the group’s members what’s at stake if they fail to reach a deal.

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Publish Date: 25/September/2016 | 03:35

Russia Is Pumping Oil at Its Fastest Pace Since the Soviet Era

EghtesadOnline: Russian oil output rose to a record ahead of talks on supply with Saudi Arabia and other members of the Organization of Petroleum Exporting Countries next week.

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

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

Iran Committed to Building Oil-Market Consensus, OPEC Head Says

EghtesadOnline: Iran is committed to building a consensus on stabilizing the oil market between OPEC and non-member countries, the group’s new Secretary-General Mohammed Barkindo said.

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Publish Date: 21/September/2016 | 17:27

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

Crude Glut Belies Risk From OPEC’s Dwindling Output Cushion

EghtesadOnline: As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.

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Publish Date: 17/September/2016 | 10:13

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

Oil Bears Dominate Market as Doubt Grows Over Output Limits

EghtesadOnline: The longer OPEC and other producers talk about a ceiling on crude output, the more doubts grow in the market.

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Publish Date: 13/September/2016 | 08:29

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