OPEC

Oil hits $80, highest since Nov 2014, on Iran concerns
Business

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

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

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

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

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

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

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

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

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

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…
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