Tags - OPEC

Monday 20 May 2024 - 18:23

Tags - OPEC

Losing Streak, Oil Enters Bear Market

Oil’s set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy.

News ID: 2568 Publish Date : 2018/11/10

Saudi Arabia, Russia should cut 'at least 1 mil b/d instantly': OPEC delegate

Saudi Arabia and Russia, both of whom have boosted their crude output in recent months, were responsible for a $15/b drop in the price of oil and "should cut at least 1 million b/d instantly", an OPEC delegate told S&P Global Platts.

News ID: 2528 Publish Date : 2018/11/07

Russia Oil Output Sets New Record

Russia’s oil production increased to 11.41 million barrels per day in October from 11.36 million bpd in September, setting a new post-Soviet record high as the largest oil companies, Rosneft and Lukoil, raised their output according to data from Russia’s Energy Ministry.

News ID: 2491 Publish Date : 2018/11/04

Russia Says No Need to Cut Oil Output

Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit.

News ID: 2468 Publish Date : 2018/10/29

UAE Says Will Hike Oil Production

UAE has begun to increase oil production in the third quarter and expects further increases through this month and November in line with market requirements, according to a tweet by UAE Energy Minister Suhail Al Mazroui.

News ID: 2436 Publish Date : 2018/10/14

IEA and OPEC Say: World Oil Market Now Well Supplied

Oil markets look “adequately supplied for now” after a big production increase in the last six months, but the industry is coming under strain, the West’s energy watchdog said on Friday.

News ID: 2427 Publish Date : 2018/10/13

IEA sees world oil market 'adequately supplied'

Oil markets look ‘adequately supplied for now’ after a big increase in production over the last six months but the oil industry is coming under strain as it copes with increasing global demand, the West’s energy watchdog said on Friday.

News ID: 2421 Publish Date : 2018/10/12

OPEC oil output to average 32.46 million b/d in 2018, 32.14 million b/d in 2019: EIA

The US Energy Information Administration on Wednesday boosted its Brent and WTI crude oil price forecasts on uncertainty over the impact of the looming re-imposition of US sanctions on Iranian crude exports.

News ID: 2411 Publish Date : 2018/10/10

Crude Prices Rise on Signs Iran Exports Fall

Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC ’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurricane moved across the Gulf of Mexico.

News ID: 2402 Publish Date : 2018/10/10

Qatar Defends OPEC Market Strategy

Qatar's energy minister has defended OPEC 's oil market strategy, saying a deal between the oil producing group and non- OPEC producers is not aimed at manipulating oil prices.

News ID: 2376 Publish Date : 2018/10/06

Russia, Saudi Arabia see geopolitical risk driving oil market, when supply and demand are balanced

Russian and Saudi energy ministers see rising geopolitical risk as driving the recent oil price increase at a time when there is sufficient supply in the market -- a view that resonated with many delegates at Russian Energy Week, as the industry prepares for Iran sanctions to come into force on November 4.

News ID: 2351 Publish Date : 2018/10/04

OPEC Pumping at Highest Level

OPEC ’s oil production in September rose by 90,000 bpd from August to 32.85 million bpd—the highest level so far this year, but a plunge in Iranian production partly offset higher production in Saudi Arabia, Angola, and Libya, according to the monthly Reuters survey of OPEC supply.

News ID: 2341 Publish Date : 2018/10/03