Opec
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OPEC Secretary-General due in Iran to talk oil freeze
EghtesadOnline: The secretary-general of Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, will pay an official visit to Tehran next week to convince Iran to join the…
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Oil Heads for Biggest Monthly Gain Since April Before OPEC Talks
EghtesadOnline: Oil is poised for the biggest monthly advance since April amid speculation informal talks among OPEC members in Algeria next month may result in action to stabilize the market.
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Iraq Pledges to Support an OPEC Freeze Deal, Shifting Its Stance
EghtesadOnline: Iraq would support a proposal for OPEC and other major oil producers to freeze output at talks in Algeria next month, Prime Minister Haidar Al-Abadi said in Baghdad.
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Iran to Seek Investment Bids in October Under New Oil Contracts
EghtesadOnline: Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars…
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Oil prices rise as dollar comes off two-week high
EghtesadOnline: Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze…
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Iraq Can Crush OPEC's Oil Freeze Believers
EghtesadOnline: When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran. This time…
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Oil Pessimists Exit as OPEC Cap Talk Spurs Bets Glut Easing
EghtesadOnline: Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally.
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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…
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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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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…
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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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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,…
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OPEC Freeze Wouldn’t Be So Potent as Gulf Rivals Pump More
EghtesadOnline: Even if OPEC strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed four months ago.
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Iraq Will Boost Oil Exports After Agreement on Kirkuk Fields
EghtesadOnline: Iraq, OPEC’s second-biggest producer, will increase crude exports by about 5 percent in the next few days after an agreement to resume shipments from three oil fields in Kirkuk.
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Shale Drillers Party Like It’s 2014 as Oil Finds Bull Market
EghtesadOnline: Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market.
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Saudi-Iran Rivalry Heats Up as OPEC Seeks to Stabilize Price
EghtesadOnline: Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.
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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…
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Oil Trades Near $46 a Barrel as Nigeria Sees OPEC Cuts Unlikely
EghtesadOnline: Oil traded near $46 a barrel after the biggest three-day gain since April as Nigeria’s oil minister signaled the prospect of production cuts from OPEC was unlikely.
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Oil Bulls Take Heart as OPEC Rekindles Hopes of Output Freeze
EghtesadOnline: All it took was a few words from OPEC to encourage oil bulls.
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OPEC: Iran boost oil production by 12,000 barrels in July
EghtesadOnline: Iran has boosted its oil output by 12,000 battles in July as compared to the previous month (June), the Organization for Petroleum Exporting Countries (OPEC) announced.
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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…
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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…
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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…
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Oil rises on new output freeze calls, but traders bet on further falls
EghtesadOnline: Oil prices rose on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output.
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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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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…
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Russia Rules Out Coordination With OPEC
EghtesadOnline: Russian Energy Minister Alexander Novak said in a statement he has ruled out possible coordination with OPEC on oil output after a failed attempt to jointly maintain production…