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Latest Articles in opec

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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Oil Up 6 Per Cent As OPEC Firms Up Meet, US Demand Soars

The oil market rebounds after Qatari oil minister says producers from within and outside OPEC will meet in Doha on April 17 to discuss output freeze plans

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Oil Down 3 Per Cent On Technical Pressure, US Stockpile Worry

Uncertainty over how the Federal Reserve will word its policy statement on Wednesday also fed jitters in financial markets

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Oil Tumbles Up To 4 Per Cent, Stockpile Worry Cuts Short Rally

OPEC said global demand for crude from its members, including Saudi Arabia, Iraq and Iran, will be less than previously thought in 2016 due to competing non-OPEC supply

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Oil Prices Edge Up On Weaker Dollar, Financial Investments

Friday's stronger prices came following losses the previous day after a meeting between major producers to coordinate a freeze in output looked unlikely to even take place without Iran committing

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Oil Prices Stable As Falling US Output Offset By Demand Worries

Falling US output lends support to the market but concerns over slowing demand and an ongoing global production and storage overhang caps any potential for bigger price gains

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Oil Hits 2016 High Above $40; Glut Warnings Resurface

Global crude prices have risen more than 40 per cent since two months ago when they hit 12-year lows

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