opec
-
Business
OPEC, non-OPEC agree first oil pact since 2001 – Non-member producers to cut 558,000 bpd, slightly short of target
VIENNA, Dec 10, (RTRS): OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output…
Read More » -
Saudis order crude ‘cuts’ to US, Europe ahead of non-OPEC talks – Russia signals deal still faces challenges
SINGAPORE/TOKYO/DUBAI, Dec 9, (RTRS): Saudi Arabia has told its US and European customers it will reduce oil deliveries from January…
Read More » -
Oil prices to reach $60 pb by end 2016, says Al-Ofuq chief – ‘OPEC members need to commit themselves to the deal’
KUWAIT CITY, Dec 4, (KUNA): Oil prices have been on the rise by 15 percent since the Organization of Petroleum…
Read More » -
Business
OPEC deal to cut output could lead to shale production surge – Trump administration vows measures to promote US oil development
NEW YORK, Dec 3, (AFP): With this week’s deal to cut output, OPEC is creating incentives for American shale producers…
Read More » -
Business
Oil output deal is done, OPEC now in agreement
OPEC’s meeting last Thursday was quick and fast, triggering an increase in oil price by more than $3 per barrel…
Read More » -
OPEC deal expected to tighten oil market in 2017 – Production cut between 750,000 and 1 million bpd seen
OPEC has reached an agreement to cut its oil output by almost 1.2 million barrels per day and been rewarded…
Read More » -
Business
OPEC agrees first output cut since 2008 – Saudis take ‘big hit’
VIENNA, Nov 30, (RTRS): OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted “a…
Read More » -
Business
Outcome of OPEC meet could see prices rise firmly or decline sharply – Hard to predict results of Nov 30 meeting
Next week, the oil organization will be meeting to decide on what to do about the current high production level…
Read More » -
OPEC will cut oil output but ‘fudge factor’ runs – Market watchers reckon deal may pack less punch than Saudi and partners want
VIENNA, Austria, Nov 25, (RTRS): Oil prices have risen to their highest in nearly a month, as expectations grow among…
Read More » -
Saudi Arabia tells OPEC will not attend non-OPEC ‘talks’ – Riyadh seeks consensus within group first
DUBAI/LONDON, Nov 25, (RTRS): Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks…
Read More »