opec

OPEC Oil Cut, if it Comes, More Face-Saver Than Meaningful – Analysts

Nov 28 – Oil futures jumped on Monday after heavy falls in the previous session, reflecting volatility as OPEC officials try to salvage a deal to cut crude production ahead of a long-anticipated formal meeting of the group’s ministers on Wednesday. The 14-member Organization of the Petroleum Exporting Countries announced a preliminary deal in September

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OPEC Makes Last-Ditch Bid to Save Oil Deal as Tensions Grow

By Rania El Gamal and Alex Lawler VIENNA, Nov 28  – OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. A gathering of OPEC experts failed to

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Iran Optimistic on OPEC Deal, to Give View on Curbs at Meeting

DUBAI, Nov 26 – Iran is optimistic OPEC can reach a deal on limiting oil supplies and plans to announce its own decision about any output curbs at the group’s meeting next week, Iranian Oil Minister Bijan Zanganeh said on the ministry’s official website SHANA. “The proposal of Algerian Energy Minister (Nouredine Bouterfa) on the

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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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Iraq to Make Suggestions to Facilitate OPEC Supply Cut Agreement

BAGHDAD, Nov 21 – Iraq’s oil minister Jabar Ali al-Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month to implement an agreement to restrain crude supply in order to push up prices, according to a statement from his ministry on Monday. The statement didn’t indicate what these

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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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OPEC Ready to Reach ‘Forceful’ Deal on Cutting Oil Output

CARACAS, Nov 17 – OPEC countries are ready to reach a “forceful” agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. “There is sufficient will among OPEC countries to take the step we need to take in the month of November, (to

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OPEC Pushes for Consensus On Oil Cut, Gaps Narrowing – Sources

By Alex Lawler and Rania El Gamal LONDON/DOHA, Nov 16 – OPEC officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, OPEC sources said, a sign of progress in finalising the exporter group’s first such deal since 2008. OPEC agreed in Algeria

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Some OPEC Ministers Likely to Meet in Doha on Friday – Algerian Source

ALGIERS, Nov 16 (Reuters) – A number of energy ministers from OPEC oil-producing countries are likely to meet informally in Doha on Friday to try to build consensus over decisions taken by the full group in September in Algiers, an Algerian energy source said. At the September meeting, OPEC agreed on modest, preliminary, oil output

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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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