OPEC

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An OPEC + monitoring panel will meet next week to discuss the ongoing record production cuts to see how laggards in compliance are doing with making up for flouting quotas, but will not be making any decisions regarding the collective cut that was just extended through the end of July, five OPEC + sources told Reuters on Friday.
News ID: 9715    Publish Date : 2020/06/14

Iranian Oil Minister Bijan Namdar Zanganeh has offered condolences on the passing of the country’s Governor to the Organization of Petroleum Exporting Countries ( OPEC ) Hossein Kazempour Ardebili, Shana reported.
News ID: 9523    Publish Date : 2020/05/16

He survived a bombing that left him badly wounded, and defended Iran’s oil interests through war and sanctions. Hossein Kazempour Ardebili, who died on Saturday, was one of the ultimate OPEC negotiators.
News ID: 9517    Publish Date : 2020/05/17

Iranian oil and foreign affairs ministers attended the funeral procession for Iran’s OPEC Governor Hossein Kazempour Ardebili which was held on Sunday in Tehran, Shana reported.
News ID: 9513    Publish Date : 2020/05/17

Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.
News ID: 9421    Publish Date : 2020/05/08

Russia's crude and condensate production edged higher in April — the only month in which output restrictions have not been in place since the Opec+ alliance began co-ordinated cuts in January 2017.
News ID: 9350    Publish Date : 2020/05/06

The latest botched effort to oust Venezuelan president Nicolas Maduro has dealt a harsh blow to the US-backed political opposition's ambitious plans to install an interim government and reinvigorate the Opec member's oil sector.
News ID: 9342    Publish Date : 2020/05/06

OPEC ’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis.
News ID: 9311    Publish Date : 2020/05/03

The IMF has granted $3.4bn in emergency aid to help Nigeria tackle the economic effects of the Covid-19 pandemic.
News ID: 9263    Publish Date : 2020/04/29

The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said late Sunday, but this time for a shorter period of 30 days, adding that Washington would be reassessing whether to renew again once a ‘credible government’ is formed in Iraq.
News ID: 9260    Publish Date : 2020/04/27

Oil prices should rise "closer to $40/bl" next year, assuming oil demand recovers from the Covid-19 pandemic and Opec and its partners stick to their output cut deal, trading firm Mercuria chief executive Marco Dunand told Argus.
News ID: 9250    Publish Date : 2020/04/28

Saudi Aramco began reducing oil production earlier this week ahead of the May 1 start date for OPEC + output cuts, according to a Saudi industry official familiar with the matter.
News ID: 9245    Publish Date : 2020/04/26

Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut.
News ID: 9229    Publish Date : 2020/04/24

With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to stop these imports at a time when US patience with OPEC 's second-largest oil producer is wearing thin.
News ID: 9228    Publish Date : 2020/04/25

Brazil is on the threshold of a fresh political crisis on top of an oil market collapse that has already set back the non-Opec country's pre-salt bonanza.
News ID: 9224    Publish Date : 2020/04/24

Exporting Urals grade crude by sea from Russia has become uneconomical for producers, at least on paper, after outright prices dropped sharply yesterday.
News ID: 9214    Publish Date : 2020/04/22

Oil fell below $19 per barrel in New York after a wave of gloomy demand forecasts and a cratering physical market outweighed an unprecedented deal to cut output.
News ID: 9187    Publish Date : 2020/04/18

A Saudi Arabian oil official on Saturday refuted the conclusion of an analytics firm that the country’s oil exports to the US dramatically increased in the last month.
News ID: 9186    Publish Date : 2020/04/18

OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts.
News ID: 9180    Publish Date : 2020/04/17

Opec said today that it expects an "historic decline" in 2020 global oil demand to reflect the effect of the Covid-19 pandemic on consumption. It marks a drastic revision from its previous demand projection.
News ID: 9170    Publish Date : 2020/04/16

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