OPEC

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Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC + crude production agreement and the producer group should take a decision closer to April, the Prime news agency reported.
News ID: 7645    Publish Date : 2019/11/30

Opec's Economic Commission Board (ECB) met this week and concluded that crude markets require further monitoring to evaluate the effectiveness of the group's production cut deal.
News ID: 7612    Publish Date : 2019/11/29

OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International Energy Agency told Reuters on Tuesday.
News ID: 7578    Publish Date : 2019/11/26

Iraq's crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and ports could be vulnerable to escalating protests.
News ID: 7529    Publish Date : 2019/11/20

The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.
News ID: 7471    Publish Date : 2019/11/15

Oil prices gained on Friday after OPEC ’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
News ID: 7470    Publish Date : 2019/11/15

Opec has kept its non-Opec supply projections little-changed for this year and next, just a day after the group's secretary-general Mohammed Barkindo spoke about the likelihood of "sharp revisions of non-Opec supply going into 2020".
News ID: 7459    Publish Date : 2019/11/14

US shale production is likely to stay "higher for longer", reducing the share of Opec members and Russia in the global oil supply, the IEA said in this year's World Energy Outlook (WEO).
News ID: 7431    Publish Date : 2019/11/13

Oil Minister Bijan Namdar Zanganeh was quoted as saying Monday that he expects further production cuts to be announced at the next meeting of the Organization of the Petroleum Exporting Countries in December.
News ID: 7236    Publish Date : 2019/11/04

Opec anticipates a global refining surplus of nearly 4mn b/d in 2024, a substantial increase from the excess it flagged a year ago, and it has more than doubled the amount of refinery capacity it expects will close as a result.
News ID: 7231    Publish Date : 2019/11/05

Bogota, 4 November (Argus) ? A group of bondholders is urging the White House to untie its hands in an increasingly acrimonious struggle with Venezuela's political opposition over US refiner Citgo, the Opec country's most valuable international asset.
News ID: 7229    Publish Date : 2019/11/04

Opec and its non-Opec allies are discussing the possibility of deepening their production cuts when they next meet in Vienna early next month, according to Iran's oil minister Bijan Namdar Zanganeh.
News ID: 7119    Publish Date : 2019/11/04

Russia lowered its oil output to 11.23 million barrels per day last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.
News ID: 7099    Publish Date : 2019/11/02

Brazil's president Jair Bolsonaro and mines and energy minister Bento Albuquerque plan to meet next week to discuss an invitation to join Opec.
News ID: 7062    Publish Date : 2019/11/01

Brazil's president Jair Bolsonaro has hinted at the possibility of bringing his country into Opec, a move that would add significant volume to the supply pool controlled by the producers' group.
News ID: 7020    Publish Date : 2019/10/30

The OPEC + group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.
News ID: 6745    Publish Date : 2019/10/19

Russian Energy Minister Alexander Novak said on Monday there were no talks underway to change the global output deal under which OPEC and non- OPEC oil-producing countries have curbed output in order to support prices.
News ID: 6649    Publish Date : 2019/10/14

"Additional aggressive actions in the region are likely in the months ahead," Paul Sheldon, chief geopolitical advisor with S&P Global Platts Analytics, said in a recent note.
News ID: 6646    Publish Date : 2019/10/09

OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas.
News ID: 6633    Publish Date : 2019/10/11

Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January.
News ID: 6549    Publish Date : 2019/10/02

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