OPEC

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Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a US airstrike on key Iranian and Iraqi military personnel.
News ID: 8191    Publish Date : 2020/01/03

Possibly narrower differentials for sour crudes — under pressure from looming emissions regulations — could slow Ecuador's repayment of its oil-backed debt and limit availability for spot market exports in the first half of 2020.
News ID: 8172    Publish Date : 2019/12/31

The Organization of the Petroleum Exporting Counters and its allies, known as OPEC +, may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak said on Friday.
News ID: 8127    Publish Date : 2019/12/27

Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.
News ID: 8126    Publish Date : 2019/12/27

West Africa's two leading oil producers face rather contrasting challenges in the early part of 2020, when Nigeria will need to find a way to keep its monthly output under the Opec+ production cap and Angola will struggle to even reach its own.
News ID: 8122    Publish Date : 2019/12/27

China appears likely to add Norway into the list of its regular crude oil suppliers in 2020, with the country's independent refiners especially finding North Sea's new Johan Sverdrup crude attractive for its competitive price and familiar specification.
News ID: 8064    Publish Date : 2019/12/22

Selling one million barrels of oil a day as forecast in the March 2019-20 budget bill is wishful thinking in the absence of robust diplomatic relations with neighbors and the world, a member of the Majlis Energy Commission said.
News ID: 8053    Publish Date : 2019/12/20

Global oil inventories could increase by 700,000 b/d in the first quarter next year, despite deeper output cuts agreed last week by the Opec+ alliance of producer countries, the IEA said today in its latest Oil Market Report (OMR).
News ID: 7926    Publish Date : 2019/12/12

Dwindling oil flow and obscure ties at Venezuelan state-owned PdV's PetroZamora joint venture offer a glimpse into the broader decline of an Opec-founding country now better known for involuntary over-compliance with its elusive output quota.
News ID: 7922    Publish Date : 2019/12/12

Saudi Arabia's oil minister Prince Abdulaziz bin Salman today called for faith and trust as the Opec+ producer group strives to formalize an agreement to deepen output cuts.
News ID: 7804    Publish Date : 2019/12/06

Opec and its non-Opec allies agreed today to deepen their prevailing 1.2mn b/d production cut target by 500,000 b/d in the first quarter next year. This was widely expected, but in a surprise move Saudi Arabia said it and other countries will continue a voluntary reduction of 400,000 b/d on top of that.
News ID: 7800    Publish Date : 2019/12/06

Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
News ID: 7791    Publish Date : 2019/12/06

A move by Opec and non-Opec members toward deeper production cuts would be a "tough decision" for Nigeria, the country's oil minister Timipre Sylva said today.
News ID: 7777    Publish Date : 2019/12/05

Russia will receive support from Oman as it raises the issue of excluding condensate from the Opec+ production cut agreement.
News ID: 7776    Publish Date : 2019/12/05

Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that US crude stockpiles fell more than expected helped to lift prices, Reuters reported.
News ID: 7771    Publish Date : 2019/12/04

Ecuador may renege on its decision to quit its OPEC membership, according to anonymous sources cited by S&P Global Platts, which was supposed to take effect January 1, 2020.
News ID: 7760    Publish Date : 2019/12/03

Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.
News ID: 7759    Publish Date : 2019/12/03

Key Opec member countries have expressed support for deeper output cuts, Iraq's oil minister Thamir Ghadhban said, ahead of the ministerial Opec and Opec, non-Opec meetings in Vienna later this week.
News ID: 7752    Publish Date : 2019/12/03

Russia will raise the issue of excluding condensate from the Opec+ production cut agreement when the group of producer countries meets in Vienna this week, energy minister Alexander Novak said today.
News ID: 7726    Publish Date : 2019/12/03

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
News ID: 7721    Publish Date : 2019/12/02

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