OPEC
Oil hits $80, highest since Nov 2014, on Iran concerns
Business
May 17, 2018
Oil hits $80, highest since Nov 2014, on Iran concerns
Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports…
Eni keeps production targets as higher oil prices boost profits
Business
April 27, 2018
Eni keeps production targets as higher oil prices boost profits
Italian oil major Eni (ENI.MI) on Friday reported a 31 percent rise in first-quarter profits, boosted by higher oil prices…
Iraq supports OPEC-led oil output cuts, president says
Middle East
March 26, 2018
Iraq supports OPEC-led oil output cuts, president says
Iraq supports OPEC’s agreement to cut oil output, Iraqi President Fuad Masum said at a meeting on Monday with OPEC…
Oil companies temper Iraq’s dreams of production expansion
Middle East
March 14, 2018
Oil companies temper Iraq’s dreams of production expansion
Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity…
Iraq says plans to reduce oil products imports by 25 percent
Middle East
March 12, 2018
Iraq says plans to reduce oil products imports by 25 percent
Iraq’s oil ministry on Monday said the nation would reduce its petroleum products imports by 25 percent as crude oil…
Saudi Arabia calls for extending non-OPEC cooperation
Middle East
January 21, 2018
Saudi Arabia calls for extending non-OPEC cooperation
Saudi Arabia’s Energy Minister Khaled al-Faleh on Sunday called for extending cooperation between OPEC and non-OPEC oil producers beyond 2018…
Saudi energy minister: Premature to discuss changes in OPEC-led pact
Middle East
December 21, 2017
Saudi energy minister: Premature to discuss changes in OPEC-led pact
Saudi Arabia’s energy minister said it is premature to discuss any changes to the OPEC-led supply cut pact as market…
OPEC sees tighter 2018 oil market as demand grows, supply falls
Economy
November 13, 2017
OPEC sees tighter 2018 oil market as demand grows, supply falls
OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was…
Oil prices rise as OPEC says market is rebalancing
Economy
October 10, 2017
Oil prices rise as OPEC says market is rebalancing
Oil prices edged up on Tuesday as OPEC said there were clear signs the market was rebalancing and as US…
Oil prices fall for second day on oversupply concerns
Economy
October 3, 2017
Oil prices fall for second day on oversupply concerns
Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs…