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Iran’s Oil-Market Share Grab Seen Dimming Hopes for Freeze Talks

EghtesadOnline: Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC.
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Publish Date:29/August/2016 | 07:50

Zangeneh: Iran to attend OPEC meeting in Algeria next month

EghtesadOnline: Oil Minister Bijan Zangeneh confirmed on Thursday that he will attend the upcoming meeting of the Organization of the Petroleum Exporting Countries (OEPC) in Algeria in late September.
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Publish Date:28/August/2016 | 11:37

OPEC Chief to Visit Iran Ahead of Sept. Meeting

EghtesadOnline: OPEC’s Secretary-General Mohammed Barkindo will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to a person with direct knowledge of the matter.
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Publish Date:25/August/2016 | 15:47

Iran to attend upcoming OPEC meeting

EghtesadOnline: Iran has confirmed it will participate in the upcoming OPEC meeting in Algeria next month, Reuters reported with the reference to OPEC source.
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Publish Date:24/August/2016 | 10:24

Goldman Sees Possible OPEC Output Freeze as Self-Defeating

EghtesadOnline: OPEC and some producers from outside the group may agree to freeze output during informal talks next month, which could prove “self-defeating” because it would benefit other suppliers, according to Goldman Sachs Group Inc.
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Publish Date:23/August/2016 | 07:20

Russia Open to Cooperation With OPEC, Minister Tells Al-Awsat

EghtesadOnline: Russia is open for talks with other major oil producers on freezing output as the market is unlikely to balance until next year, Energy Minister Alexander Novak said in an interview with Asharq Al-Awsat.
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Publish Date:16/August/2016 | 09:15

Oil Rises to Weekly Gain as Saudis Reiterate Wish for Stability

EghtesadOnline: Oil climbed to its biggest weekly advance since April as Saudi Arabia signaled it’s prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market.
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Publish Date:13/August/2016 | 07:59

Saudi Arabia Said to Report Record Oil Output on Summer Demand

EghtesadOnline: Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day in July to meet a summer surge in domestic demand, an increase that will do nothing to endear OPEC’s leading exporter to other members seeking output limits to shore up prices.
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Publish Date:10/August/2016 | 10:15

OPEC Plans Informal Talks Next Month, Sees Oil Dip Temporary

EghtesadOnline: The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers next month and considers the recent decline in oil prices “temporary,” the group’s president said Monday.
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Publish Date:08/August/2016 | 11:00

OPEC Output Disrupted

EghtesadOnline: OPEC’s crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey.
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Publish Date:04/August/2016 | 13:16

Sinking Oil Prices Mean Fragile Unity for OPEC’s New Chief

EghtesadOnline: When OPEC’s new chief starts next week, he’ll take over an organization that’s largely reconciled internal differences after a two-year fight over strategy. But as oil prices sink again, that unity could be at risk.
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Publish Date:31/July/2016 | 09:22