Tag archive for ‘OPEC’
By metro On Tuesday, November 28th, 2017
0 Comments

Oil falls on doubts over OPEC, pipeline restart

OPEC Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year. Brent crude oil LCOc1 fell 58 cents on the day to $63.26 a barrel More...

Oil prices
By metro On Thursday, November 16th, 2017
0 Comments

Oil steady as expected output pact extension offsets U.S. supply

Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of rising U.S. crude production More...

By metro On Thursday, November 16th, 2017
0 Comments

Oil rises amidst expected extension of OPEC cuts

OPEC Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories. Brent crude futures, the More...

refinery
By metro On Monday, November 13th, 2017
0 Comments

U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey remains open, even though the disruption from the costliest storm to hit the More...

refinery
By metro On Monday, October 23rd, 2017
0 Comments

Reps aims to pass oil bill by mid-2018 – lawmaker

Nigeria’s lower chamber aims to pass the long-awaited Petroleum Industry Bill (PIB), which seeks to overhaul the West African nation’s energy sector, in the second quarter of 2018, a lawmaker said on Monday. The More...

By metro On Tuesday, October 3rd, 2017
0 Comments

Oil exports will be main topic at OPEC, non-OPEC meeting in Moscow – Novak

Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday. Novak said energy and oil ministers from more than More...

OPEC
By metro On Friday, September 29th, 2017
0 Comments

OPEC oil output edges higher in Sept as Iraq, Libya pump more

PEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the producers exempt from a supply-cutting deal. OPEC’s More...

By metro On Friday, September 22nd, 2017
0 Comments

OPEC panel to discuss export monitoring, oil pact extension

OPEC and other oil producers meeting on Friday will consider extending their pact to cut oil output beyond March and will discuss monitoring exports to assess compliance with the deal. The Organization of the Petroleum More...

OPEC
By metro On Monday, July 24th, 2017
0 Comments

Oil gains after Saudi vows to cap crude exports next month

Oil rose on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed the rebalancing of global supply and demand. Saudi Energy Minister Khalid al-Falih said More...

Barkindo
By metro On Monday, July 24th, 2017
0 Comments

Nigeria has no plan to exceed oil output target – Barkindo

OPEC Secretary-General Mohammad Barkindo said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018. He also said Libya has More...