Organization of the Petroleum-Exporting Countries (OPEC)

Drawdown of huge oversupply begins

Drawdown of huge oversupply begins

Traders sell oil stored in tankers off Asia

Oil production from Kazakhstan on the rise

Oil production from Kazakhstan on the rise

Kashagan oil field offshore Kazakhstan should reach capacity by the end of the year

Non-OPEC producers achieve at least 60% of promised output cuts

Non-OPEC producers achieve at least 60% of promised output cuts

Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60 percent of promised curbs so far, OPEC sources said on Wednesday, higher than initially estimated, CNBC reports. The …

OPEC Secretary General: oil market still far from equilibrium

OPEC Secretary General: oil market still far from equilibrium

The oil market was still far from equilibrium, OPEC Secretary General Mohammed Barkindo said, speaking at the International Petroleum Week conference in London. "Current oil prices are still far from balanced and …

Iran ring up oil production

Iran ramping up oil production

The country's oil output will increase to 4 million bpd by April

It#039s Not Record Oil Speculation That#039ll Drive Prices

It's Not Record Oil Speculation That'll Drive Prices

Speculators have piled back into oil since OPEC announced output cuts in November

It#039s not record oil speculation that’ll drive prices

It's not record oil speculation that’ll drive prices

culators have piled back into oil since OPEC announced output cuts in November

Summer Is Looking Bright for Oil Prices

Summer Is Looking Bright for Oil Prices

Seasonal demand dynamics are looking up for oil prices

Facing multiple pressures, oil prices move lower

Facing multiple pressures, oil prices move lower

OPEC sees shale oil rising, while Europe sees short-term economic woes ahead

Global oil demand to increase

Global oil demand to increase

OPEC revised global oil demand growth for 2017 higher by around 35 tb/d to 95.81 mb/d, the OPEC monthly oil market report said. This was a result of colder weather conditions and healthy vehicle sales in OECD Europe, in addition to …

OPEC plans to call on its non-members to actively cut output

OPEC plans to call on its non-members to actively cut output

Kuwaiti oil minister Essam Al Marzouq said that OPEC will ask non-OPEC producers to actively cut their output. According to him, current oil prices are good and are expected to rise with higher compliance to an output …

Oil production will be reduced even faster, UAE Energy Minister says

Oil production will be reduced even faster, UAE Energy Minister says

Agreement between OPEC countries and countries outside the cartel on oil production reduction will be adhered to even stricter in the coming months, UAE Energy Minister Suhail Al Mazroui said. We expect that agreement …

Middle East Crude Could Lose Market Share To U.S. Shale

Middle East Crude Could Lose Market Share To U.S. Shale

Flows of U.S. crude oil to Asia become more commercially profitable

OPEC president satisfied with market#039s response to oil output cuts

OPEC president satisfied with market's response to oil output cuts

Qatar's energy minister, the current OPEC president, Mohammed Saleh al-Sada, said that world oil markets were "responding positively" to output cuts implemented by the cartel and some non-cartel producers. …

Oil Markets On A Knife Edge

Oil Markets On A Knife Edge

Despite 91% OPEC Compliance

Zanganeh: OPEC output cut should be extended

Zanganeh: OPEC output cut should be extended

Iranian Oil Minister Bijan Namdar Zanganeh said OPEC should cut crude production "a bit more" in the second half of 2017, Fars news agency reported. Zanganeh added that data showing compliance on the part …

NIOC Says Iran Crude Output to Hit 4mbd by March

NIOC Says Iran Crude Output to Hit 4mbd by March

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Iran's crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017, Shana news agency reports. …

Oil creeps higher In response to new US sanctions on Iran

Oil creeps higher In response to new US sanctions on Iran

The package of sanctions was formulated in a way that would not violate the 2015 Iran nuclear deal

OPEC Cuts Oil Output

OPEC Cuts Oil Output

The Organization pumped 32.3 million barrels a day in January

Market factors give boost to oil prices

Market factors give boost to oil prices

Underlying supply-side strains increase as oil markets recover

Oil Steady But US Drilling Weakens OPEC Deal

Oil Steady But US Drilling Weakens OPEC Deal

The world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices

Iran lifts crude oil output to 3.9 mil b/d, supporting rising exports

Iran lifts crude oil output to 3.9 mil b/d, supporting rising exports

Iran is exceeding its deemed OPEC production ceiling

Potential for a big oil drop is growing, warns Commerzbank

Potential for a big oil drop is growing, warns Commerzbank

The oil market is currently characterized by rather selective perception

Oil up two percent on stock market, but U.S. supply caps gains

Oil up two percent on stock market, but U.S. supply caps gains

Analysts predict prices breaking out of their current corridor and embarking on a downward trajectory

Azerbaijan eyes more gas, less oil

Azerbaijan eyes more gas, less oil

It is expected more than 10 bn m3 of gas to be produced from Shah Deniz-1 in 2017

Oil prices notch early loss on North American recovery

Oil prices notch early loss on North American recovery

The lingering impacts of the rebound in North American drilling activity and overseas pessimism over U.S. President Trump sent oil prices lower early Monday

Trump’s Vow to Break From OPEC Oil Imports Echoes Old Refrain

Trump’s Vow to Break From OPEC Oil Imports Echoes Old Refrain

U.S. President Donald Trump’s pledge to make America independent from OPEC isn’t a new refrain in Washington

OPEC, Russia ‘ahead of schedule’ on oil output cuts

OPEC, Russia ‘ahead of schedule’ on oil output cuts

OPEC and Russian oil ministers say they are going faster and doing better than expected in their efforts to cut oil production and boost prices, RadioFreeEurope/RadioLiberty reports. “We are ahead of schedule and we will …

OPEC Sees Russia Delivering Cuts

OPEC Sees Russia Delivering Cuts

While Its Own Output Declines

OPEC Chief says expects high oil producer compliance with output cut deal

OPEC Chief says expects high oil producer compliance with output cut deal

Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Mohammed Barkindo on Thursday expressed confidence that both OPEC and oil producers outside the cartel should comply with the 2016 …