OPEC

Tags - OPEC
Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.
News ID: 1089    Publish Date : 2017/04/13

OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.
News ID: 1085    Publish Date : 2017/04/13

Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June.
News ID: 1084    Publish Date : 2017/04/13

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non- OPEC nations for cutting output could be further extended beyond June.
News ID: 1035    Publish Date : 2017/03/30

An agreement between OPEC and non- OPEC producers last year to cut crude supplies has raised Iran's oil revenues by $30 million per day, a deputy oil minister said on Sunday.
News ID: 976    Publish Date : 2017/02/13

Iran sold $29 billion worth of oil and condensate during the Jan.-Dec. period, of which $24.7 billion has been collected
News ID: 890    Publish Date : 2017/01/20

Oil prices fell on Wednesday on expectations that US producers would boost output.
News ID: 884    Publish Date : 2017/01/20

Oil-price gains will trigger a “significant” increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
News ID: 881    Publish Date : 2017/01/20

OPEC oil production fell in December but remains well above levels envisaged under a recent deal that took effect in January, the organization's monthly report showed on Wednesday.
News ID: 880    Publish Date : 2017/01/20

Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.
News ID: 876    Publish Date : 2017/01/17

OPEC 's oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria's oil industry and top exporter Saudi Arabia trimming exports.
News ID: 842    Publish Date : 2017/01/08

Reuters:
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
News ID: 840    Publish Date : 2017/01/08

OPEC members are committed to the deal signed last month to cut output as it is in the interest of their flagging economies, Oil Minister Bijan Namdar Zanganeh said.
News ID: 816    Publish Date : 2016/12/30

Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
News ID: 815    Publish Date : 2016/12/30

Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday.
News ID: 797    Publish Date : 2016/12/29

Russian oil producer Gazprom Neft said on Tuesday it planned to increase oil production by 4.5-5% next year, less than it had intended before Russia joined a deal to cut global production with OPEC .
News ID: 789    Publish Date : 2016/12/29

The past two and a half years have not been kind to oil companies.
News ID: 769    Publish Date : 2016/12/27

Crude at $55 a barrel is the magic number for the oil and gas industry to turn around, Wood Mackenzie said in a new report, as the consultancy sounded an optimistic note on recent joint production cut announcements by OPEC and major non- OPEC countries.
News ID: 759    Publish Date : 2016/12/26

Rosneft's plans for next year allow it to be flexible with production volumes, Russia's top oil producer said on Saturday, after Moscow clinched a deal with OPEC to cut production to bolster weak oil prices.
News ID: 741    Publish Date : 2016/12/25

Iran's oil export grades topped the $50-per-barrel mark in the week ending Dec. 16, supported by a decision of OPEC producers and outside producers to slash production to alleviate a global oversupply that has depressed prices for more than two years.
News ID: 739    Publish Date : 2016/12/25

Most Like