OPEC

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The global oil market is “unstable and fragile”. Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news portal, reported.
News ID: 4843    Publish Date : 2019/06/19

Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output.
News ID: 4841    Publish Date : 2019/06/18

Russia’s average daily oil output in May fell below its OPEC + target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination.
News ID: 4782    Publish Date : 2019/06/09

Saudi Arabia’s top oil official said he was sure that OPEC + will extend production cuts into the second half of the year after holding talks with Russia.
News ID: 4780    Publish Date : 2019/06/09

Russia’s average daily oil output in May fell below its OPEC + target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination.
News ID: 4739    Publish Date : 2019/06/03

Iran is due to offer a large cargo of condensate to domestic buyers through its energy bourse on Monday, in a direct sale to bypass the US unilateral sanctions.
News ID: 4733    Publish Date : 2019/06/02

Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
News ID: 4713    Publish Date : 2019/06/01

The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC ’s job is not done yet, Kuwait’s oil minister told Reuters.
News ID: 4675    Publish Date : 2019/05/30

Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday.
News ID: 4674    Publish Date : 2019/05/30

Aglobal shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer.
News ID: 4655    Publish Date : 2019/05/28

Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.
News ID: 4615    Publish Date : 2019/05/22

From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC + to continue output cooperation until the yearend.
News ID: 4614    Publish Date : 2019/05/22

Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass the US unilateral sanctions.
News ID: 4599    Publish Date : 2019/05/20

Amonth before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non- OPEC group, Russia, appears to have finally fallen in line with its share of the cuts, producing below its OPEC + quota for the month of May.
News ID: 4589    Publish Date : 2019/05/20

Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC + deal.
News ID: 4563    Publish Date : 2019/05/17

OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
News ID: 4559    Publish Date : 2019/05/17

Kuwait will back an extension of OPEC -led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and the country's OPEC governor, said Wednesday.
News ID: 4312    Publish Date : 2019/04/11

Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC -member, four sources said.
News ID: 4290    Publish Date : 2019/04/10

One of the key Russian officials to foster a supply pact with OPEC , Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
News ID: 4271    Publish Date : 2019/04/09

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC ’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
News ID: 4269    Publish Date : 2019/04/09

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