Organization of the Petroleum-Exporting Countries (OPEC)

Russia honors commitment to reduction of oil output under OPEC deal

Russia honors commitment to reduction of oil output under OPEC deal

Russia is respecting its commitments on reduction of oil output in line with OPEC agreements cutting production in the first 10 days of January by the amount exceeding previously set by Russian largest oil producers, Energy Minister …

The Secrets Behind Russia’s 2016 Oil Success

The Secrets Behind Russia’s 2016 Oil Success

A combination of tax measures, the dollar's value and benefits of a cheap production

Russia starts oil output cuts

Russia starts oil output cuts

Russia has begun cutting oil output within the framework of last year's agreement among major producers to limit supply and bolster global prices, a source familiar with the course of the agreement said.

Oil Prices Fall On Concerns Of Rising US Production

Oil Prices Fall On Concerns Of Rising US Production

Most analysts see tighter-than-previously-envisaged balances for 2017

OPEC oil output falls from record highs

OPEC oil output falls from record highs

Saudi Arabia pumped less after seeing record output in November

Top OPEC members were putting #039pedal to the metal#039 ahead of planned output cuts

Top OPEC members were putting 'pedal to the metal' ahead of planned output cuts

Now, Saudi Arabia, Kuwait and the United Arab Emirates cut production

Oil Prices Boosted By Expected Drop In US Inventories

Oil Prices Boosted By Expected Drop In US Inventories

There are signs that oil producers will stick to agreed output cuts

  Iraq begins cutting oil output in keeping with OPEC deal

Iraq begins cutting oil output in keeping with OPEC deal

Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, the Iraqi oil minister Jabar Ali al-Luaibi said. "Iraq affirms its commitment to the OPEC decision which was …

Oil hits 18-month high as Kuwait, Oman fulfill OPEC cuts

Oil hits 18-month high as Kuwait, Oman fulfill OPEC cuts

Kuwait, Oman fulfill OPEC cuts and China’s manufacturing purchasing managers index stabilized

Success of OPEC deal still in doubt

Success of OPEC deal still in doubt

But crude oil prices bound to head higher in near term

Russia, Azerbaijan, OPEC cut oil production

Russia, Azerbaijan, OPEC cut oil production

Agreement between OPEC and non-OPEC countries, including Russia, on oil production levels cut, aimed at stabilizing world oil market, will be implemented starting from today.  In total, OPEC cuts oil production by 1.2 million …

Oil is holding at its highest level in one and a half years

Oil is holding at its highest level in one and a half years

Oil prices will gradually rise toward $60 per barrel by the end of 2017

Has The OPEC Rally Gone Too Far?

Has The OPEC Rally Gone Too Far?

Oil prices continue to edge up as 2016 comes to a close, a dramatic turnaround for the industry compared to the start of the year

Barkindo: Novak is brilliant

Barkindo: Novak is brilliant

OPEC Secretary General Mohammed Barkindo has highly appreciated Russia’s role and in particular the role of Energy Minister Alexnder Novak in reaching agreements on measures to stabilize oil market. …

Iraq commits to OPEC cuts

Iraq commits to OPEC cuts

Platts says expectations are high that markets will balance out next year

Iran sees foreign investors flocking to energy sector

Iran sees foreign investors flocking to energy sector

The cost of doing business here is very low, an Iranian oil director says

 Russia to increase oil export in 2017

Russia to increase oil export in 2017

The oil export from Russia is expected to reach more than 2016's estimated total of 253.5 million tonnes (roughly 279.4 million tons) in 2017, which is an almost 5-percent increase since 2015, Russian Deputy Energy Minister Kirill …

Oil prices dip in pre-Christmas trading

Oil prices dip in pre-Christmas trading

Brent crude oil prices struggle to break psychological threshold of $55 per barrel

Valery Nesterov: There has been a positive trend in oil prices

Valery Nesterov: "There has been a positive trend in oil prices"

Sberbank CIB analyst predicts situation in the oil markets

The U.S. Is Now a Country That Can Be Ignored

The U.S. Is Now a Country That Can Be Ignored

Washington shouldn't pretend to project liberal democratic principles internationally

Iraq Could Delay OPEC Production Cuts

Iraq Could Delay OPEC Production Cuts

If Iraq misses its target and a few others follow suit, the effectiveness of the OPEC deal could start to unravel

Oil Prices Rise On Expected Decline In US Crude Stocks

Oil Prices Rise On Expected Decline In US Crude Stocks

OPEC is shielding most of its Asian customers from the planned cuts

IAEA content with oil-rich Iran

IAEA content with oil-rich Iran

Yukiya Amano said oil-rich Iran is meeting its commitments to downplay weapons concerns

Oil rises on signs of producers’ compliance with output cuts

Oil rises on signs of producers’ compliance with output cuts

However, there are doubts about the willingness of other OPEC members to comply

Supplies, Fed rate drag oil prices lower

Supplies, Fed rate drag oil prices lower

Some of the OPEC exemptions, and U.S. shale resiliency, may be spoiling the party.

 Agreement with OPEC profitable for Russia

Agreement with OPEC profitable for Russia

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We staked out the potential to cut Russian oil production at the maximum, the expert

Hochstein: Falling oil price not happening as result of US interference in market

Hochstein: Falling oil price not happening as result of US interference in market

Unlike in most countries, in the US nearly 4,000 companies operate in the energy sector, said Amos Hochstein, special envoy and coordinator for international energy affairs at the US Department of State. “If the …

Evgeny Nadorshin: The fact that US Federal Reserve raised interest rate won#039t be a problem for Russian economy

Evgeny Nadorshin: "The fact that US Federal Reserve raised interest rate won't be a problem for Russian economy"

The chief economist at PF Capital on the impact of new US Federal Reserve interest rate on world finances

Azerbaijan confirms oil production cuts

Azerbaijan confirms oil production cuts

The oil output forecast for Azerbaijan for 2017 shows plans to reduce oil production by 35,000-42,000 barrels a day compared to current level; such plans are in …

 Whether oil producers will be able to avoid price war

Whether oil producers will be able to avoid price war

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How the decision on cutting oil output by OPEC and other exporting countries will influence the world market