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Latest Articles in opec

Oil Prices Jump As Goldman Sachs Says Market Flips Into Deficit

Supply disruptions from Nigeria, Venezuela, the United States and China triggered a U-turn in the oil outlook of Goldman Sachs

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Iraq Overtakes Saudi Arabia As Top Oil Exporter To India

Saudi Arabia also lost its top spot in China last month when Russia overtook the world's biggest crude exporter due to strong purchases by Chinese independent refineries

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Oil Rises As Kuwaiti Oil Workers Strike Cuts Output For Third Day

Brent crude futures, the global benchmark, traded at $43.31 a barrel at 0828 GMT, 40 cents above Monday's close. US crude futures were up 33 cents at $40.11 a barrel.

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Oil Prices Rise As Kuwait Oil Strike Diminishes Supply

Kuwaiti officials said they would be able to hike output, despite the open-ended strike, by using crude from inventory and by taking legal action against unions

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Sudden Sobriety Of Oil-Addicted Nations

A glance at Panama Papers will point to the broken Western systems, panic at the world’s top institutions and drifting public opinions on national credibility

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Oil Meet In Qatar Collapses Without Freeze As Iran Absent

The idea of a freeze and not a cut initially looked more palatable to producers already suffering after oil's dramatic fall since the summer of 2014, when prices were above $100 a barrel

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OPEC Trims 2016 Oil Demand Growth, Says Its Output Rises Slightly

The report points to a 790,000-bpd excess supply in 2016 if the group keeps pumping at March's rate, up from 760,000 bpd implied in last month's report

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Fuel Demand Rises At Fastest Pace In At Least 15 Years

Demand for gasoil, or diesel, grew at its fastest pace in four years, rising 7.5 per cent to 74.6 million tonnes

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Oil Prices Jump 6 Per Cent On US Stockpile Draws

Crude also drew support when Russia said its crude output fell in April, as major oil producing countries prepared to meet in Doha on April 17 to freeze production

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Oil Futures Jump On Output Freeze Hopes; Glut Hurts Physical Prices

Oil futures recovered from one-month lows after the Kuwaiti governor for OPEC said there were 'positive indications an agreement will be reached' on output during a producer meeting in Qatar

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Oil Tumbles 4 Per Cent; Saudi Arabia Cold On Output Freeze

Oil rebounded over the past two months from 12-year lows after major producers within and outside OPEC floated the idea of freezing output at January's highs

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Oil Prices Rise In Thin Asian Trade After Break

Declining US oil output and strong gasoline demand were responsible for some of that recovery, but the bulk of it was powered by major producers' plans to freeze output at January's highs

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OPEC, Russia Oil Output Freeze Deal May Be 'Meaningless': IEA

Brent crude futures are up more than 50% from a 12-year low near $27 a barrel hit early this year, bouncing back after Russia and OPEC's Saudi Arabia, Venezuela and Qatar struck an agreement last month to keep output at January levels.

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Oil Futures Extend Gains On Falling US Crude Stocks

Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC's secretary general said

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Oil At 2016 high, US Crude Above $40 On Output Freeze Hopes

Oil prices have surged more than 50 per cent from 12-year lows since the Organization of the Petroleum Exporting Countries floated the idea of a production freeze

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