Search Results for: opec

Russia and Saudi Arabia will save the day if OPEC deal falls apart

21 hours ago DieselGasoil Comments Off on Russia and Saudi Arabia will save the day if OPEC deal falls apart
Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russia will be willing to go it alone. The two largest oil producers in... Read More

Oil set for further loss in London as OPEC clash on supply looms

2 days ago DieselGasoil Comments Off on Oil set for further loss in London as OPEC clash on supply looms
LONDON (Bloomberg) — Oil headed for a second weekly decline in London as OPEC members were set to clash on raising production at a meeting next week. Brent crude... Read More

Crude oil futures down ahead of OPEC meeting, likely production hike; ICE Brent at $75.12/b, NYMEX WTI $66.71/b

2 days ago DieselGasoil Comments Off on Crude oil futures down ahead of OPEC meeting, likely production hike; ICE Brent at $75.12/b, NYMEX WTI $66.71/b
Crude oil prices ticked lower during European trading Friday morning, as the market weighed divisions among members of OPEC relative to loosening quotas under their production deal at a... Read More

OPEC/non-OPEC coalition may consider up to 1.5 mil b/d crude output boost: Russian energy minister Novak

3 days ago DieselGasoil Comments Off on OPEC/non-OPEC coalition may consider up to 1.5 mil b/d crude output boost: Russian energy minister Novak
The OPEC/non-OPEC coalition could consider raising crude production by 1.5 million b/d at the Vienna meeting next week, Russia’s energy minister Alexander Novak said Thursday, as quoted by Prime... Read More

OPEC producers, Russia can quickly boost crude output by 1.5 million b/d: IEA

3 days ago DieselGasoil Comments Off on OPEC producers, Russia can quickly boost crude output by 1.5 million b/d: IEA
Middle East OPEC producers and Russia can quickly boost crude production by around 1.5 million b/d to make up for Venezuela’s increasing output loss as well as the potential... Read More

Libyan oil exports impaired as some in OPEC seek more supply

3 days ago DieselGasoil Comments Off on Libyan oil exports impaired as some in OPEC seek more supply
By Salma El Wardany on 6/14/2018 CAIRO (Bloomberg) — Two of Libya’s biggest oil ports stopped loading crude after armed forces clashed nearby, taking more bbl off the market... Read More

Crude futures mixed on split among OPEC members, US stocks draw; ICE Brent down to $76.43/b, NYMEX WTI up at $66.80/b

3 days ago DieselGasoil Comments Off on Crude futures mixed on split among OPEC members, US stocks draw; ICE Brent down to $76.43/b, NYMEX WTI up at $66.80/b
Crude oil prices were mixed in European trading Thursday morning as the market searched for signals on how OPEC will resolve rising divisions over the future of the production... Read More

Oil market in balance, current prices acceptable to consumers, producers: Iran OPEC governor Kazempour

3 days ago DieselGasoil Comments Off on Oil market in balance, current prices acceptable to consumers, producers: Iran OPEC governor Kazempour
OPEC is divided on Saudi Arabia’s plans for the group to change its production cut deal to ease prices, Iran’s OPEC governor told S&P Global Platts Thursday. “The issue... Read More

'We will be easing our ceilings back,' Saudi energy minister Falih says of OPEC oil cuts

3 days ago DieselGasoil Comments Off on 'We will be easing our ceilings back,' Saudi energy minister Falih says of OPEC oil cuts
Saudi energy minister Khalid al-Falih on Thursday expressed confidence that OPEC and its non-OPEC partners will reach an agreement on gradually increasing output and loosening quotas when they meet... Read More

Trump blasts OPEC again for high oil prices

4 days ago DieselGasoil Comments Off on Trump blasts OPEC again for high oil prices
OPEC president wants to steer clear of politics President Donald Trump is blasting OPEC again for a spike in oil prices that threatens to slow America’s cruising economy and... Read More