OPEC talks struggle with question of market share: Kemp
The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. OPEC officials are struggling to reach a final agreement on how Continue Reading
For OPEC’s Rivals, Success Lies in Oil Market Far, Far Away
U.S., European oil shipments to Asia increase amid global glut Market contango makes long-haul voyages viable for sellers Rivals of OPEC seeking to reach its most-prized oil customers are finding Continue Reading
OPEC’s Last Push for Oil Deal Shifts Focus to Iran, Russia
OPEC’s final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to Continue Reading
Oil Tanker Analysts Waiting on OPEC Plot Cuts of Their Own
The industry’s biggest ships, so-called very large crude carriers, are currently predicted to earn $31,000 a day in 2017, according to 13 analyst forecasts compiled by Bloomberg this month. As Continue Reading
Crude oil prices searching for OPEC direction
Crude oil prices staged an abrupt retreat in early trading Tuesday as doubts lingered over OPEC coordination. Crude oil prices bounced around net gains and losses in the early rounds Continue Reading
Kemp: OPEC Talks Struggle With Question Of Market Share
OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September. In theory, all Continue Reading
Oil Price Hike From OPEC Deal May Snuff Itself Out, IEA Says
An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency. If Continue Reading
Russia to OPEC: Oil Freeze Is All You Get
Facing pressure from OPEC to make a significant output reduction, Russia reiterated its readiness to freeze oil production at current levels, arguing that the offer amounted to a cut compared Continue Reading
Iraq willing to cut oil output in OPEC’s plan to boost prices – minister
Prime Minister Haider Al-Abadi of Iraq addresses the United Nations General Assembly in the Manhattan borough of New York, U.S., September 22, 2016. Iraq is willing to cut its crude Continue Reading
Saudi Arabia’s Latest OPEC Headache: Russian Reluctance to Cut
For months, Russia has told OPEC its preferred option in any eventual oil-supply deal was to freeze production, rather than to cut it. Saudi Arabia, the bloc’s most powerful member, Continue Reading