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OPEC Said to Start Final Diplomatic Push on Oil-Cuts Plan

EghtesadOnline: OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers, according to a delegate familiar with the talks.
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Publish Date:15/November/2016 | 06:52

Oil Man Who Foresaw Crash Sees OPEC Uniting in Self-Interest

EghtesadOnline: OPEC members need to stop bickering over output curbs or risk the group becoming irrelevant to global oil markets, according to an analyst who predicted the biggest price crash in a generation.
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Publish Date:14/November/2016 | 06:26

Kurds Reveal Oil Data as Iraq Output Row Threatens OPEC Deal

EghtesadOnline: Iraq’s Kurds say their oil production in September was 290,000 barrels a day lower than the federal government’s figures for the semi-autonomous region, as OPEC’s second-biggest member tries to resolve accounting differences with the producer group over its output.
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Publish Date:05/November/2016 | 05:59

U.S. Oil Output Set to Decline as OPEC Deal Up in Air, EIA Says

EghtesadOnline: U.S. crude production is set to decline this year as the Organization of Petroleum Exporting Countries struggles to put a dent in global oversupply, according to the head of the U.S. Energy Information Administration.
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Publish Date:02/November/2016 | 05:53

Bets Are On for Oil Prices to Slump Again

EghtesadOnline: The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops.
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Publish Date:01/November/2016 | 13:14

Iraq Reveals Oilfields Output to Win Over OPEC Ahead of Meeting

EghtesadOnline: Iraq published data showing a rare level of detail for its oil production and exports, a week after inviting energy reporters to Baghdad to make a case that the country is pumping more crude than analysts and OPEC acknowledge.
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Publish Date:31/October/2016 | 05:25

Oil falls as non-OPEC yet to pledge concrete output steps

EghtesadOnline: Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
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Publish Date:31/October/2016 | 04:29

Brazil to Join Russia, Kazakhstan in OPEC Talks

EghtesadOnline: Brazil, the fastest-growing oil producer outside OPEC, will join talks with the exporters group in Vienna on Saturday about potential cooperation.
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Publish Date:29/October/2016 | 15:53

OPEC Says Road Map to Implement Algiers Oil Deal Is Taking Shape

EghtesadOnline: The path to implementing OPEC’s Algiers agreement to cut production is taking shape and the outcome of a meeting of oil producers in Vienna Friday and Saturday could have a significant impact on the market, according to the group’s top official.
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Publish Date:29/October/2016 | 06:04

OPEC’s Quiet Man Is at Center of Cuts Deal Nobody Saw Coming

EghtesadOnline: As OPEC members meet again in Istanbul, the quiet diplomacy of one of its lowest-profile members will play a central role in whether the group can successfully implement its first production cuts in eight years.
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Publish Date:10/October/2016 | 17:48

Venezuela Sees Oil Agreement Cutting 1.2 Million Barrels a Day

EghtesadOnline: An agreement among OPEC and non-OPEC states to limit oil production could slash global supply by 1.2 million barrels a day and add as much as $15 to prices, said Venezuelan Oil Minister Eulogio Del Pino.
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Publish Date:09/October/2016 | 20:28

Rouhani, Maduro discuss oil prices ahead of OPEC meeting

EghtesadOnline: Iranian President Hassan Rouhani in a telephone conversation with Venezuelan President Nicolás Maduro on Monday evening, congratulated him for the successful holding of the NAM Summit on Sep. 17 and 18, and expressed hope that during the presidency of Venezuela, NAM would see further activity and cooperation among member states in international and regional issues.
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Publish Date:04/October/2016 | 24:28

Oil Bulls Rewarded as Crude Surges After OPEC Output Accord

EghtesadOnline: Oil investors’ bullish bets on last week’s OPEC meeting paid off. While most analysts weren’t expecting a deal, money managers increased wagers on rising prices by the most since January ahead of the Organization of Petroleum Exporting Countries’ talks in Algiers.
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Publish Date:03/October/2016 | 06:07

Oil prices fall on high production despite planned OPEC output cut

EghtesadOnline: Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.
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Publish Date:03/October/2016 | 05:39

Zanganeh: OPEC members expected to welcome Iran comeback to oil market

EghtesadOnline: Minister of Petroleum Bijan Zanganeh said on Wednesday that members of the Organization of the Petroleum Exporting Countries are expected to welcome comeback of Iran to oil market mainly after lifting the sanctions and restoring the output quota.
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Publish Date:01/October/2016 | 10:22