برچسب مطالب ‘opec’

OPEC set to prolong oil output cuts after Moscow-Riyadh deal

OPEC and its allies are set this week to prolong oil output cuts to further boost prices, after the two biggest players Russia and Saudi Arabia agreed to do so.

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Al-Falih: Russia Not Yet On Board With New OPEC Agreement

Of all the signatories to the OPEC+ agreement forged to rebalance the oil market through production cuts, Russia is the lone holdout, according to Saudi Arabia’s Energy Minister Khalid Al-Falih, cited in The New Arab, and is the last member to not get on board with additional production cuts.

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Oil drops as trade war concerns outweigh supply disruptions

Oil prices fell on Wednesday on concerns the Sino-U.S. trade war could trigger a global economic downturn, but relatively tight supply amid OPEC output cuts and political tensions in the Middle East offered some support.

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Trump’s Iran Decision Could Kill The OPEC+ Deal

Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts.

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Oil prices rise on OPEC supply cuts, U.S. sanctions on Iran, Venezuela

Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela.

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OPEC has shown it can reach deal despite splits – Iran oil minister

Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences.

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OPEC coalition agrees 1.2 million b/d cuts deal as Iran secures exemption

OPEC and its allies led by Russia agreed Friday after a tension-filled week to implement 1.2 million b/d of production cuts from January 2019 to shore up flagging oil prices and prevent a supply surplus building.

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Qatar’s Exit From OPEC To Have ‘No Major Impact’ On Oil Prices – Analysis

Qatar’s decision to exit OPEC next month is unlikely to have a significant impact on the oil group’s structure or on short-term oil prices, according to analysts.

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Southeast Asia braces for more oil volatility ahead of OPEC meeting

Rattled by rapid oil price swings in recent months, Southeast Asian economies are on tenterhooks ahead of an OPEC meeting this week that is expected to result in a supply cut to boost prices.

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Russia, Saudi agree to renew oil output cuts: Vladimir Putin

President Vladimir Putin said Saturday that Russia and OPEC kingpin Saudi Arabia had agreed to renew a pact on oil production cuts, as crude prices slump on global markets.

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China is said to resume Iran oil imports after receiving curbs waiver

Asia’s largest buyer of Iranian oil is said to have resumed purchases from the Gulf state following a one-month hiatus, a move that will help allay fears that US sanctions on the Opec producer will constrain global supplies.

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US cannot stop oil export from Iran

The US cannot null oil export from the Iran, as there is no sufficient volume of alternative sources on the market to replace the share of Teheran, said Hossein Kazempur Ardebili, representative of Iran in OPEC.

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Iran Says Some OPEC Members Work in US Interests

Iranian Oil Minister Bijan Zanganeh said that some OPEC members are making their oil output decisions “in accordance with the policies of the US.”

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Iran says no OPEC member should be able to take over its share of oil exports

Iran told OPEC on Sunday that no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil amid US sanctions on Iranian oil sales.

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Iran Oil Minister To Press OPEC On Production Quotas

Iran’s Oil Minister Bijan Zanganeh will attend the September meeting of the Joint Ministerial Monitoring Committee of OPEC and Russia and will probably press his OPEC partners to preserve original member production quotas, S&P Global Platts reports, quoting an Iranian oil ministry official.

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A Market Without OPEC Isn’t Good For The US

It’s no surprise to see US politicians in an open confrontation with the Organization of Petroleum Exporting Countries (OPEC).

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