Tag archive for ‘OPEC’
By metro On Friday, September 22nd, 2017
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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
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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
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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...

By metro On Wednesday, July 19th, 2017
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Oil dips on rising US crude inventories, high OPEC supplies

OPEC Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. Brent crude futures, the international benchmark for More...

By metro On Wednesday, July 12th, 2017
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OPEC sees lower demand for its oil in 2018, points to surplus

OPEC said on Wednesday its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an OPEC-led output cut. Giving More...

By metro On Tuesday, July 11th, 2017
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OPEC figures show June oil output rise led by exempt nations – sources

OPEC OPEC oil output has risen in June by more than 300,000 barrels per day, (bpd) according to figures the exporter group uses to monitor its supply, as a recovery in two nations exempt from a supply cut deal countered More...

By metro On Friday, June 30th, 2017
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OPEC oil output jumps to 2017 high as Nigeria, Libya pump more

OPEC OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal More...

OPEC
By metro On Tuesday, June 13th, 2017
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OPEC sees oil market rebalancing at slower pace, says output rises

OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a “slower pace” and reported that its own output in May jumped due to gains in nations exempt from a pact to reduce More...

By metro On Wednesday, May 31st, 2017
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OPEC oil output rises in May as cut-exempt Nigeria, Libya pump more

OPEC oil output rose in May, the first monthly increase this year, a Reuters survey found on Wednesday, as higher supply from two OPEC states exempt from a production-cutting deal, Nigeria and Libya, offset improved More...

By metro On Friday, May 26th, 2017
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Oversold: Oil traders punish OPEC for promising too much-Reuters

As OPEC’s latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success. But two hours later, More...