OPEC

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Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike.
News ID: 2156    Publish Date : 2018/06/30

Iran does not intend to increase crude output in the next fiscal year that starts on March 21, the National Iranian Oil Company’s managing director said on late Friday.
News ID: 2023    Publish Date : 2018/03/20

OPEC oil output fell in February to a 10-month low as the UAE joined other Persian Gulf members in over-delivering on a supply reduction pact, a Reuters survey found, pushing compliance with the deal to its highest yet.
News ID: 1974    Publish Date : 2018/03/03

Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018.
News ID: 1949    Publish Date : 2018/02/15

As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC -led production cuts will last until the end of the year.
News ID: 1828    Publish Date : 2018/01/21

Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC 's data showed on Thursday.
News ID: 1819    Publish Date : 2018/01/20

Iran's light crude oil extended its rally to its highest level of above $66 a barrel in more than two years on the back of a bull run in global markets.
News ID: 1781    Publish Date : 2018/01/13

OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Persian Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices.
News ID: 1765    Publish Date : 2018/01/07

Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated inventories.
News ID: 1748    Publish Date : 2018/01/02

The United Nations has forecast a 5.3% economic growth for Iran in 2017 in its latest World Economic Situation Prospects.
News ID: 1691    Publish Date : 2017/12/16

Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy commodity.
News ID: 1655    Publish Date : 2017/12/11

Iraqi Oil Minister Jabar al-Luaibi said on Sunday a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from northern Iraq's Kirkuk Oilfield for Iranian oil is for one year and subject to renewal.
News ID: 1653    Publish Date : 2017/12/11

Kuwait’s Oil Minister Essam al-Marzouq said on Sunday OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement.
News ID: 1649    Publish Date : 2017/12/11

The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said on Wednesday.
News ID: 1635    Publish Date : 2017/12/11

The Iraqi government approved a deal to import natural gas from Iran to the eastern border province of Diyala, it said in a statement on Tuesday, increasing purchases of the Iranian fuel, which started early this year.
News ID: 1632    Publish Date : 2017/12/11

Oil prices fell on Wednesday after a surprise rise in US inventories of refined products in what the market interpreted as a sign of flagging demand.
News ID: 1628    Publish Date : 2017/12/11

A stronger than anticipated OPEC -led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs.
News ID: 1627    Publish Date : 2017/12/11

Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to reduce the global oil glut.
News ID: 1608    Publish Date : 2017/12/02

Representatives of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members in a dig at the United States for its moves against Russia, Iran and Venezuela.
News ID: 1597    Publish Date : 2017/11/27

While OPEC is said to be mostly leaning toward a nine-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a six-month extension after March 2018, and all but one company said they were ready to extend, Russia’s TASS news agency reported on Tuesday, quoting two sources who had attended the meeting.
News ID: 1580    Publish Date : 2017/11/24

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