Algeria’s Energy Minister Nouredine Bouterfa said on Sunday he was confident OPEC members would stick to a deal made in Algiers in September to cut output, saying the group’s technical Continue Reading
The world’s richest oil billionaires had $4.6 billion wiped from their fortunes last week when oil capped the biggest weekly loss in almost 10 months as hopes faded that OPEC Continue Reading
Saudis made ‘constructive’ contributions at talks: Barkindo Oil erases recoups earlier losses, remains lower for the week Saudi Arabia didn’t threaten to increase its oil production if other OPEC members Continue Reading
Ali Al-Naimi defends 2014 OPEC ‘pump-at-will’ oil policy Former official says non-OPEC countries need to cut output OPEC can’t cut oil production alone to stabilize the market, according to the Continue Reading
The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) said on Monday the group was committed to a deal made in Algiers in September to cut output. “We Continue Reading
Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo. Continue Reading
‘OPEC alone is not enough’: Eni CEO Descalzi, on Bloomberg TV CEO sees crude as high as $65 a barrel in next three years Eni SpA’s chief executive officer called Continue Reading
EIA Oil investors are growing more doubtful that OPEC can seal a deal. Money managers reduced bets on higher oil prices by the most since July 2014 after the group Continue Reading
Russia ‘hungry for an agreement’ to boost prices Group needs to cut output 1 million barrels/day to meet target OPEC and Russia will probably be able to reach an accord Continue Reading
OPEC With markets rattled and oil prices tanking after being bombarded on a variety of fronts, OPEC has attempted to bring some calm to the market regarding its optimism that Continue Reading
