oil

Iran, Iraq at Loggerheads With Saudis Ahead of OPEC Meeting

By Ahmad Ghaddar and Vladimir Soldatkin VIENNA, Nov 29 – Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday. OPEC sources told

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Dollar Steadies With Bonds, Oil Anxious About OPEC

By Wayne Cole SYDNEY, Nov 29 – The U.S. dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. Oil prices remained jittery in the countdown to Wednesday’s OPEC meeting but industrial commodities continued

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Shell CEO Expects no Valuation Hit From Climate Accord

AMSTERDAM, Nov 26 – Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant’s valuation. In an interview with Dutch newspaper Het Financieele Dagblad, Ben van

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OPEC Experts Resume Talks on Oil Output Cut, Delegates Upbeat

VIENNA/DUBAI, Nov 22 – OPEC experts discussing how to implement a plan to cut oil output are likely to reach agreement later on Tuesday, a Nigerian delegate said, a possible sign of progress in finalizing the group’s first supply-limiting deal since 2008. The High-Level Committee – a technical body comprised mainly of OPEC governors and

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Oil May Rise to $55 if All Producers Cooperate – Iran

DUBAI, Nov 19  – Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic

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Saudi Energy Minister Urges OPEC to Cut Oil Output to 32.5 Mln Bpd

By Reem Shamseddine, Tom Finn and Rania El Gamal RIYADH/DOHA, Nov 17  – The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC’s deal to limit oil output and mentioned the lower end of a previously agreed production target, helping spur a rally in the price of crude.

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Trump’s Empty Threat to Stop Buying Saudi Oil

By John Kemp LONDON, Nov 16  – President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and foremost a showman and impresario rather than a policy wonk. Much of what he said on the campaign trail

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Oil Wars: How Kremlin’s $13 Bln Indian Deal Almost Fell Apart

By Dmitry Zhdannikov, Nidhi Verma and Katya Golubkova LONDON/NEW DELHI/MOSCOW, Nov 16 – A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world. The deal between Essar and a consortium led

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Saudi Oil Shipments to Egypt Halted Indefinitely, Egyptian Officials Say

CAIRO/ABU DHABI, Nov 7  – Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal would be halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous. Saudi Arabia agreed to provide Egypt with 700,000 tonnes of refined oil products per month

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Business Outlook: Precious Metals Surge, Oil and Gas Plunge

By Ole Hansen In gold we trust. At least up until the election. Precious metals gain on election fears, but oil and gas hammered We still believe that Opec will reach a deal of some sort Bloomberg commodity index had its worst week in four months Zinc hits a five-year high as Chinese data improves Cost

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