Tuesday , September 26 2017

Tag Archives: opec

OPEC output falls, sees higher demand – Compliance slips

LONDON, Sept 12, (RTRS): OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of …

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US oil inventories falling more than expected due to OPEC cuts: Kuwait – OPEC oil supply set for sharp drop in August

LONDON, Aug 21, (RTRS): US crude inventories are falling more than expected in a sign of the success of OPEC and non-OPEC production cuts, Kuwait’s Oil Minister Essam Al-Marzouq told CNBC Arabia on Monday. “We are now seeing the impact of those cuts (in the first half of the year) …

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US oil inventories falling more than expected due to OPEC cuts: Kuwait – OPEC oil supply set for sharp drop in August

LONDON, Aug 21, (RTRS): US crude inventories are falling more than expected in a sign of the success of OPEC and non-OPEC production cuts, Kuwait’s Oil Minister Essam Al-Marzouq told CNBC Arabia on Monday. “We are now seeing the impact of those cuts (in the first half of the year) …

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Oil prices rally on stock drawdowns, signs of slowing US output growth – OPEC output rises in June as Libya and Nigeria ramp up production

KUWAIT CITY, Aug 14: Prices made a strong comeback in July, reversing the bear trend of the last couple of months and returning to the symbolic $50 per barrel mark. Markets witnessed a reversal in sentiment in July, sparked by several factors including: OPEC banding together to recommit to production …

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Oil producers committed to output deal: OPEC – Saudi, Iraq discuss stabilizing market

ABU DHABI, Aug 9, (Agencies): Global oil producers said Tuesday they remained committed to cutting output and stemming the collapse in oil prices, OPEC said. A technical panel including members of the Saudi-led cartel and other oil producers made the statement after a two-day session in Abu Dhabi. OPEC states …

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OPEC oil output jumps to 2017 high – Survey cites further recovery in supply from Libya

LONDON, July 31, (RTRS): OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal. A dip in supply from Saudi Arabia …

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Kuwait Al-Marzouq satisfied with OPEC oil cut resolution – Kuwait, Russia to sign gas import deals

SAINT PETERSBURG, Russia, July 22, (KUNA): OPEC member states’ output cut conformity is “historic and unprecedented, Kuwaiti Minister of Oil Essam Al-Marzouq said on Friday. Upon arrival in Saint Petersburg in Russia to attend a joint ministerial monitoring meeting, Al-Marzouq, who doubles as Minister of Electricity and Water, said he …

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US shale to ‘attack’ OPEC oil customers

By 2018, US shale oil will become one of the top ten exporters of oil in the world. Its export volume could reach more than 2,800 million barrels per day. It could become the highest exporter of oil to the United Kingdom, which is higher than any of OPEC member, …

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