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OPEC+ affirms commitment to oil cuts, defers decision to extend

3 hours ago DieselGasoil Comments Off on OPEC+ affirms commitment to oil cuts, defers decision to extend
By Dina Khrennikova, Zulfugar Agayev and Annmarie Hordern on 3/18/2019 Photo: Rusiian Energy Minister Alexander Novak. BAKU (Bloomberg) — Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most Read More

Oil pulled two ways by economic slowdown, OPEC-led supply cuts

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SINGAPORE (Reuters) – Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, Read More

Oil dips on weak economic outlook, but OPEC-led cuts still support

18 hours ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts still support
SINGAPORE (Reuters) – Oil prices dipped early on Monday, weighed down by concerns that a global economic downturn may dent fuel consumption. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo However, crude markets remain broadly supported by supply cuts led Read More

OPEC's Barkindo says compliance with supply cut deal improving

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BAKU (Reuters) – OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories. “There is a remarkable improvement on the level of compliance,” Barkindo said. “The Read More

OPEC urges oil producers to prevent return of surplus this year

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By Grant Smith on 3/14/2019 LONDON (Bloomberg) — OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand. Key OPEC members and their allies will meet this weekend in Baku, Azerbaijan, to review output curbs they’ve been implementing to Read More

Saudis head to OPEC+ talks reluctant to do Trump's bidding

4 days ago DieselGasoil Comments Off on Saudis head to OPEC+ talks reluctant to do Trump's bidding
By Grant Smith and Javier Blas on 3/14/2019 LONDON and HOUSTON (Bloomberg) — Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever. President Donald Trump was poised to choke off crude exports from the kingdom’s political nemesis, Iran. And the Saudis, shunned by other nations after Read More

Chaparral Energy Announces Fourth Quarter and Full Year 2018 Financial and Operational Results

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OKLAHOMA CITY, March 14, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) announced today its fourth quarter and full year 2018 financial and operational results with the filing of its form 10-K. The company will hold its financial and operating results call this morning, March 14 at 9 a.m. Central. 2018 Highlights Recorded 2018 Read More

TransGlobe Energy Corporation Announces Year End 2018 Financial and Operating Results

6 days ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces Year End 2018 Financial and Operating Results
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (AIM & TSX:  “TGL” & NASDAQ:  “TGA”) This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. TransGlobe Read More

Oil edges higher on cuts to Saudi exports

6 days ago DieselGasoil Comments Off on Oil edges higher on cuts to Saudi exports
NEW YORK (Reuters) – Oil prices edged slightly higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the U.S. government reduced its forecast for domestic crude output growth. FILE PHOTO: Drilling rigs are parked up in the Cromarty Firth Read More