برچسب مطالب ‘opec’

Crude oil dips on signs of ample supply despite OPEC cuts, Iran sanctions

Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming US sanctions against major crude exporter Iran.

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Saudi Arabia Ready to ‘Mitigate’ Impact of Iran Oil Sanctions

Saudi Arabia promised to work with other OPEC nations to “mitigate” the impact in the oil market of the U.S.

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Oil on the high side, WTI looking for more at $68.20

WTI crude is trading steadily near 68.20 after going flat for Friday’s action as oil continues to fall victim to ongoing geopolitical tensions amidst the ongoing tug-of-war between OPEC’s production-cutting measures and the US’ supply glut.

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New Energy Competiton? OPEC to Meet US Shale Oil Producers

The Organization of the Petroleum Exporting Countries (OPEC) is meeting US shale oil producers to discuss and compare forecasts for the oil market, but their participation in production’s cuts is out of the question, UAE Energy Minister Suhail Mazrouei told Sputnik adding that he had no high expectations from the meeting.

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Members of OPEC+ deal called to develop mechanism of withdrawal from deal

Alexander Novak, minister of energy of Russia, has called the members of OPEC+ deal to develop and coordinate the mechanism of withdrawal from the deal, reports Kommersant newspaper.

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Oil flirts with $59 as Russia, OPEC said to outline deal on cuts

Oil on Friday briefly surpassed $59 a barrel in New York for the first time in two years as OPEC and Russia were said to have crafted the outline of a deal to extend their oil production cuts.

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OPEC, Russia Said To Announce Oil Pact Extension On Nov 30

Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported on Friday, quoting people involved in the talks.

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Oil prices firm on expected OPEC cut extension

The deal to curb output is due to expire in March 2018, but OPEC will meet on Nov 30 to discuss the outlook for the policy.

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UAE buys first U.S. oil cargo to replace Qatar condensate -sources

The United Arab Emirates will import the country’s first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row.

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