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About 521 results for "opec"

All participating countries committed to oil output deal, says OPEC Sec-Gen

All participating countries committed to oil output deal, says...

OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel's secretary-general, Mohammed Barkindo, said on Monday. Barkindo also said OPEC remained optimistic that the ... Reuters, 23 hours ago

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By Alex Lawler and Rania El Gamal | LONDON LONDON Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60 percent of promised curbs so far, OPEC sources said on Wednesday, higher than initially ...
 First Post.com5 days ago Non-OPEC compliance with oil supply curbs improving - OPEC sources  Reuters5 days ago Non-OPEC delivers 40 percent of pledged oil curbs in January - OPEC sources  Sify2 weeks ago

Iran says oil prices over $55 per barrel harmful for OPEC - Fars

ISTANBUL (Reuters) - Iran said on Thursday an increase in oil prices to more than $55 per barrel was not in the interest of OPEC as it would lead to a rise in output by non-OPEC producers, the semi-official Fars news agency reported. "If oil prices ...
 Sify5 days ago

Opec cuts, low freight rates help traders make profit on Asia crude routes

Around 30 supertankers have this month made long-haul trips to ship crude oil across Asia
 Business Standard5 days ago Analysis - OPEC cuts, weak freight rates help traders profit on Asia crude routes  Reuters6 days ago

OPEC chief sees higher compliance with oil cut, says confidence returning

By Rania El Gamal and Alex Lawler LONDON (Reuters) - OPEC and outside producers including Russia will boost compliance with agreed oil output curbs in a bid to clear a supply glut that has weighed on prices, the group's secretary general said on Tuesday. OPEC ...
 Sify1 week ago Oil up 2 percent as OPEC chief sees higher compliance with cuts| Reuters  First Post.com6 days ago

Oil prices slip as growing global stocks overshadow Opec cuts

In the United States, rising output has helped push up crude and fuel stocks to record highs
 Business Standard1 week ago Oil prices slip as high stocks overshadow OPEC cuts  Reuters1 week ago

Oil mkt over-supplied, prices may not rise significantly: HPCL

The decision of the OPEC countries to cut output in an effort to reduce global glut has created ripples in the oil market. But, HPCL's Chief, MK Surana believes prices will not rise substantially.
 Money Control1 week ago

Oil dips over doubts that high OPEC compliance with announced cuts will last

By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped on Wednesday over concerns that producer club OPEC would not be able to maintain its high compliance so far with output cuts aimed at reining in a global fuel supply overhang. Brent crude futures ...
 Sify1 week ago Oil slips further below $56 on report of U.S. inventory jump  Reuters2 weeks ago Oil dips over doubts high OPEC compliance with agreed cuts will last  Business Standard1 week ago

Russia to decide in April

MOSCOW Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on ...
 First Post.com2 weeks ago Russia to decide in April-May if global oil deal should be extended - TASS  Reuters2 weeks ago

Analysis - Oil overhang points to need for extended OPEC output cuts

By Ahmad Ghaddar LONDON (Reuters) - An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its ...
 Sify2 weeks ago Analysis: Oil overhang points to need for extended OPEC output cuts  Sify2 weeks ago
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