Opec
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U.A.E. Warns OPEC Against Any Hasty Decision on Oil in Algiers
EghtesadOnline: OPEC must find a “sustainable” way to stabilize oil markets in any agreement its members may reach when they meet next week in Algeria, the United Arab Emirates’ energy minister…
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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…
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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…
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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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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…
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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…
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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…
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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…
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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…
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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…
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India's Iran oil imports surge to highest in at least 15 yrs in Aug: source
EghtesadOnline: India's daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC producer boosted its shipments to recoup market share ceded to rivals Saudi…
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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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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…
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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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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…
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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…
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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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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…
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Iran Says Too Early to Discuss Oil Output Freeze at Algiers
EghtesadOnline: It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Persian Gulf…
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Iraq Tells OPEC at What Oil Output Level It’s Ready to Freeze
EghtesadOnline: Iraq has given fellow OPEC members the level of crude production at which it would be prepared to freeze output, according to the top official at the state oil marketing company.
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Rouhani Says ‘Vital’ to Restore Pre-Sanctions Oil Output
EghtesadOnline: Iran’s President said he supports efforts by OPEC to stabilize oil prices, while reiterating that the country must restore production lost during years of sanctions.
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OPEC Risks ‘Crying Wolf’ as Oil Trader Gunvor Doubts Accord
EghtesadOnline: One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices.
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OPEC chief due in Tehran today
EghtesadOnline: Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo has planned a Tehran visit that will take place today on Monday.
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Oil Rally Fervor Cools as OPEC Output at Record Before Talks
EghtesadOnline: Investors are realizing that OPEC’s talk of a production freeze may not be much of a restraint, as output reached another record.
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Iran’s Ready to Pump More as OPEC Faces ‘Prisoner’s Dilemma’
EghtesadOnline: As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says it’s ready to pump more.
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Zanganeh: Iran has strategic ties with Algeria in OPEC
EghtesadOnline: Minister of Petroleum Bijan Zanganeh said on Saturday that Iran has strategic ties with Algeria in the OPEC.
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Iran rebukes Saudi Arabia ahead of OPEC meeting
EghtesadOnline: Iran said it is ready to help restore balance to the oil market but did not hold out much hope given that some producers are pumping crude at record levels.
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Algerian minister: OPEC demand oil price to be between 50 to 60 dollars per barrel
EghtesadOnline: Oil price of 50 dollars per barrel is not acceptable and we are going to discuss the issue with OPEC member states, says Algerian Minister of Energy, Noureddine Boutarfa.
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Putin Pushes for Oil Freeze Deal With OPEC, Exemption for Iran
EghtesadOnline: Vladimir Putin said he’d like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be…
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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…