Post Tagged with: "OPEC"

‘Iran not expecting OPEC call to cut output’

May 24, 2017 10:30 pm
‘Iran not expecting OPEC call to cut output’

Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow. Iran’s Petroleum Minister Bijan Zanganeh says he does not expect […]

Read more ›

‘Oil above $55 per barrel not to OPEC’s benefit’

February 23, 2017 8:10 pm
‘Oil above $55 per barrel not to OPEC’s benefit’

Iran’s Oil Minister Bijan Zanganeh. (Photo by Shana) Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) will not benefit if oil prices increase beyond $55 per barrel.   Iran’s Oil Minister Bijan Zanganeh was quoted by the domestic media as saying that if oil […]

Read more ›

OPEC reports big Saudi oil cut, boosting compliance with deal

February 13, 2017 3:57 pm
OPEC reports big Saudi oil cut, boosting compliance with deal

OPEC Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a record high of more than 90 per cent. The Organisation of the Petroleum Exporting Countries is […]

Read more ›

Oil edges up ahead of Christmas

December 24, 2016 4:00 pm
Oil edges up ahead of Christmas

File image of an oil platform Crude prices have edged up ahead of the Christmas with the global markets waiting to see how OPEC’s planned output cuts will affect oil prices in 2017. Brent futures climbed 11 cents to settle at $55.16 a barrel on Friday. US West Texas Intermediate […]

Read more ›

OPEC, non-OPEC producers set for deal

December 10, 2016 6:00 pm
OPEC, non-OPEC producers set for deal

OPEC headquarters in Vienna, Austria (@AFP) The Organization of the Petroleum Exporting Countries (OPEC) is expected to clinch a deal with non-OPEC producers to reduce oil output. OPEC has started a meeting with producers from outside the group in Vienna on Saturday amid hopes that non-OPEC producers will commit to […]

Read more ›

OPEC states must work for stable oil market: Iranian President Hassan Rouhani

December 8, 2016 10:30 pm
OPEC states must work for stable oil market: Iranian President Hassan Rouhani

Iranian President Hassan Rouhani Iranian President Hassan Rouhani says all member states of the Organization of the Petroleum Exporting Countries (OPEC) must make joint efforts to stabilize the global oil market and reverse a slump in prices following their landmark supply-cut deal. In a telephone conversation with Venezuela’s President Nicolas […]

Read more ›

Crude prices enjoys best weekly gain in years

December 3, 2016 5:30 pm
Crude prices enjoys best weekly gain in years

File image of an oil platform in the Persian Gulf Crude prices have soared after the Organization of the Petroleum Exporting Countries agreed to cut crude output. Oil futures scored a weekly gain of over 12% amid growing hopes that OPEC’s output deal will help shrink the glut of crude […]

Read more ›

Iran’s OPEC ‘victory’ hailed at home

December 1, 2016 3:30 pm
Iran’s OPEC ‘victory’ hailed at home

The agreement by OPEC to exempt Iran from a much-debated oil freeze plan has been praised by the country’s media as a victory with most of the credits going to the country’s Petroleum Minister Bijan Zanganeh. (Photo by Shana) Iran’s media have hailed what is seen at home as the […]

Read more ›

Libya rejects OPEC production cuts

November 27, 2016 8:20 pm
Libya rejects OPEC production cuts

Chairman of Libya’s National Oil Corporation Mustafa Sanalla Libya says it cannot be part of an imminent deal by members of the Organization of the Petroleum Exporting Countries (OPEC) for cutting down oil production levels, saying it will push for increased income to make up for the militancy and political uncertainty […]

Read more ›

Oil prices slumped sharply after Saudi no-show

November 26, 2016 10:00 am
Oil prices slumped sharply after Saudi no-show

An AFP file image taken on August 21, 2013 shows an oil well near Tioga, North Dakota. Oil prices have slumped sharply amid uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal. US crude fell nearly 4 percent, settling down $1.90 a barrel at […]

Read more ›
shared on wplocker.com