OPEC

Tags - OPEC
Acommittee from the US House of Representatives has approved a bill aimed at making OPEC members liable to US antitrust legislation, Reuters reported, adding the prospects of the bill ending up as law were not certain yet.
News ID: 3602    Publish Date : 2019/02/12

Oil hit a two-month high above $63 a barrel on Monday as OPEC -led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
News ID: 3554    Publish Date : 2019/02/05

US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market participants and shipping fixtures Friday.
News ID: 3539    Publish Date : 2019/02/04

OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
News ID: 3532    Publish Date : 2019/02/03

The head of a US shale oil company on Thursday sang the praises of OPEC for its price-bolstering production cuts of the last two years, a message the organization's secretary general Mohammed Barkindo said he hopes US President Donald Trump is hearing.
News ID: 3438    Publish Date : 2019/01/27

OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC ’s secretary general told Reuters.
News ID: 3424    Publish Date : 2019/01/26

Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped to 70-year lows in an economic crisis.
News ID: 3389    Publish Date : 2019/01/24

The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on concerns about global economic growth.
News ID: 3373    Publish Date : 2019/01/23

America’s journey to pre-eminence in the global oil trade is about to hit another milestone. By the shale-oil boom, the US is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better, Bloomberg reported.
News ID: 3341    Publish Date : 2019/01/21

Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.
News ID: 3333    Publish Date : 2019/01/20

Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.
News ID: 3327    Publish Date : 2019/01/19

In its first monthly report since Opec and partners agreed a new supply restraint deal, the organisation said the deal was "essential" to maintaining market balance, given monetary policies that "could provide further support to ongoing increases in non-Opec supply."
News ID: 3312    Publish Date : 2019/01/17

Crude oil production from members of OPEC is expected to fall to below 30.73 million barrel per day by the end of this year, the group's lowest monthly output since February 2015, the US Energy Information Administration said Tuesday.
News ID: 3309    Publish Date : 2019/01/17

The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy Minister Suhail al-Mazrouei said Wednesday.
News ID: 3216    Publish Date : 2019/01/10

The OPEC 175th ministerial meeting was held in Vienna at a time some member states were unhappy with unilateral decisions adopted by some fellow members without having won OPEC consensus.
News ID: 3179    Publish Date : 2019/01/06

OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show.
News ID: 3171    Publish Date : 2019/01/06

Oil rose towards $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices.
News ID: 3153    Publish Date : 2019/01/04

Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC 's production cuts in his first statement to the Kuwait News Agency after being appointed last week.
News ID: 3112    Publish Date : 2018/12/30

Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.
News ID: 3085    Publish Date : 2018/12/27

Oil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year when a deal on new production cuts takes effect.
News ID: 3067    Publish Date : 2018/12/25

Most Like