OPEC

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The oil market has all but forgotten last year’s price crash.Money managers have not been this optimistic about US oil prices since early October, just before the crude market began a steep decline on fears of a global oversupply, Bloomberg reported.
News ID: 4221    Publish Date : 2019/04/07

A global agreement between the OPEС and non- OPEC countries on oil production cuts could be easily extended, Iran’s Oil Minister Bijan Namdar Zanganeh said in Russia.
News ID: 4209    Publish Date : 2019/04/06

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4205    Publish Date : 2019/04/06

Opec and its non-Opec partners still have plenty of work to do to rebalance global oil markets, and may need to extend their production restraint agreement to the end of 2019, UAE oil minister Suhail al-Mazrouei says.
News ID: 4139    Publish Date : 2019/03/24

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4078    Publish Date : 2019/03/19

Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
News ID: 4071    Publish Date : 2019/03/18

OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the US government to sue the organization; the first victim will be shale.
News ID: 4019    Publish Date : 2019/03/14

When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most — burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices.
News ID: 3956    Publish Date : 2019/03/11

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, a report said.
News ID: 3944    Publish Date : 2019/03/10

OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at Goldman Sachs.
News ID: 3863    Publish Date : 2019/03/06

Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC -led production cuts.
News ID: 3862    Publish Date : 2019/03/06

Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth.
News ID: 3830    Publish Date : 2019/03/04

OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia and its Persian Gulf Arab allies over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary decline.
News ID: 3814    Publish Date : 2019/03/03

Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC 's secretary general told CNBC, but the US shale revolution has helped to prevent "major, major energy chaos" in the world.
News ID: 3798    Publish Date : 2019/03/02

Oil inched lower on Tuesday to extend losses of more than 3 % from the previous session, easing after US President Donald Trump called on OPEC to rein in its efforts to boost prices.
News ID: 3766    Publish Date : 2019/02/27

The three most closely watched oil market forecasters are all bracing for a significant upsurge in non- OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
News ID: 3651    Publish Date : 2019/02/17

Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC -led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors.
News ID: 3638    Publish Date : 2019/02/16

OPEC ’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund has told Reuters.
News ID: 3617    Publish Date : 2019/02/14

The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC , even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
News ID: 3616    Publish Date : 2019/02/14

OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked to comment on a US House committee passing a bill targeting OPEC oil supply cuts.
News ID: 3614    Publish Date : 2019/02/14

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