Production cuts need to be extended through 1H 2018: Fesharaki Onshore oil inventories are still rising, FGE founder says OPEC needs a year more to accomplish what’s at the moment Continue Reading
An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, Continue Reading
Russia has cut 250,000 bpd of its crude oil output, with another 50,000 bpd to go as per its agreement with OPEC, Energy Minister Alexander Novak told media today, adding Continue Reading
Saudi minister says producers haven’t met goal for inventories Gulf Arabs agreed; Iran, Venezuela show support: Oman minister A number of major crude-producing countries reached an initial agreement to extend Continue Reading
OPEC continues to make progress on cooperation as they close in on an agreement to extend their production cuts for another six months. On April 20, several top OPEC officials Continue Reading
OPEC is likely to reach an agreement to extend the group’s production cuts into the second half of 2017, Saudi Arabia’s energy minister said Thursday. Saudi support is essential for Continue Reading
The members and non-members of OPEC that participated in the global agreement to reduce oil production in November will be meeting on May 25th – the day of the bloc’s Continue Reading
An extension to an agreement by members of the Organization of the Petroleum Exporting Countries and producers outside the group to cut crude-oil production is most likely needed, but perhaps Continue Reading
OPEC Secretary General Mohammad Barkindo listens during a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. OPEC Secretary-General Continue Reading
Mid-$60 oil seen by end-2017 as effects of OPEC cuts increase Bank sees commodity investment flows rising in second quarter Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, Continue Reading
