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Iran’s Petroleum Minister due in Austria for OPEC meeting

EghtesadOnline: Minister of Petroleum Bijan Zangeneh will depart Tehran for Vienna, Austria, on November 29 (Tuesday) to attend the 171st ordinary session of the Organization of Petroleum Exporting Countries (OPEC) on November 30.
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Publish Date:28/November/2016 | 19:04

Oil Extends Slide Below $46 on Skepticism Over OPEC Output Deal

EghtesadOnline: Oil extended declines to slip below $46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives prepare to meet Monday amid last-minute negotiations over the deal the group aims to formalize Wednesday.
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Publish Date:28/November/2016 | 09:58

OPEC Tries to Salvage Deal as Saudis Say Cut May Not Be Needed

EghtesadOnline: OPEC ministers flew to Moscow and officials in Vienna launched another round of talks in an effort to salvage an agreement on production cuts, just as Saudi Arabia raised the possibility of leaving without a deal.
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Publish Date:28/November/2016 | 09:56

Saudis Temper Call for Cuts and Russia Digs In

EghtesadOnline: OPEC surprised the market in September with a preliminary agreement to reduce supply to 32.5 million to 33 million barrels a day, breaking a two-year policy to pump at full throttle. The news pushed prices above $50 a barrel in New York for the first time since June, but optimism faded as subsequent meetings failed to decide cuts for individual members.
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Publish Date:28/November/2016 | 09:53

Oil Investors Have $490 Billion Riding on Big OPEC Decision

EghtesadOnline: After two tough years of falling oil prices and company valuations, investors in the world’s biggest energy producers have some cause for hope as crude prices continue their recovery from a 12-year low. They will be looking to OPEC not to dash it.
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Publish Date:28/November/2016 | 09:50

Iraq Says It Will Participate in OPEC Deal to Cut Output

EghtesadOnline: Iraq will shoulder part of the burden of oil-output cuts, said Prime Minister Haider Al-Abadi, reversing the nation’s previous insistence for an exemption and potentially removing an obstacle to an OPEC deal next week.
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Publish Date:26/November/2016 | 22:03

Oil Tanker Analysts Waiting on OPEC Plot Cuts of Their Own

EghtesadOnline: As OPEC discusses the deepest cuts to oil production in years, one group of people in the energy supply chain are preparing reductions of their own: analysts paid to monitor how much crude tankers can earn from hauling cargoes.
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Publish Date:26/November/2016 | 21:59

OPEC Quota Talks End First Day as Optimism on Deal Grows

EghtesadOnline: Oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week as delegates said talks on assigning quotas to individual countries made good progress.
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Publish Date:22/November/2016 | 16:57

Iran, Iraq optimistic over Vienna meeting

EghtesadOnline: Oil climbed to a three-week high as Iran expressed optimism that OPEC will agree to a supply-cut deal and Iraq said it will make new proposals to help bolster unity before next week’s meeting in Vienna.
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Publish Date:22/November/2016 | 16:09

Oil Climbs as Iran, Iraq Signal Deal Hope Before Vienna Meeting

EghtesadOnline: Oil extended gains as Iran signaled optimism OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster the group’s unity before members meet next week in Vienna.
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Publish Date:21/November/2016 | 08:03

The Very Real Risks That OPEC Won’t Cut Crude Oil Production

EghtesadOnline: OPEC says it’s close to a deal to cut oil output for the first time since 2008, a move that may halt a 2 1/2-year price slump. The actions of individual member states tell a different story.
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Publish Date:21/November/2016 | 08:02

OPEC stresses Iran’s significant role in Algiers' meeting

EghtesadOnline: Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo admired Iran's significant role in reaching consensus in the Algiers' meeting held on September 26-28.
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Publish Date:20/November/2016 | 10:30

Russia Has Made $6 Billion From Talking to OPEC

EghtesadOnline: Russia’s decision earlier this year to engage in talks with OPEC about limiting oil output has added more than 400 billion rubles ($6 billion) to the nation’s budget, according to two officials familiar with government calculations.
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Publish Date:17/November/2016 | 18:03

Oil Slips as Clock Ticks on OPEC Deal Amid Rising U.S. Supply

EghtesadOnline: Oil slipped from a two-week high in New York as OPEC made another push to finalize an accord on cutting production, while rising crude inventories in the U.S. showed the global surplus remains.
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Publish Date:16/November/2016 | 11:09