Oil prices waver narrowly amid OPEC speculation

October 5, 2016 by · Comments Off on Oil prices waver narrowly amid OPEC speculation 

NEW YORK, Oct. 5 — Oil prices ended slightly lower Tuesday, as traders continued to assess the impact of a preliminary deal on output by the Organization of the Petroleum Exporting Countries (OPEC).

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OPEC maintains high level of oil output in March

April 14, 2016 by · Comments Off on OPEC maintains high level of oil output in March 

VIENNA, April 13 — Iran continues to pump more oil after the sanction relief, together with Iraq and Angola, all of which contribute to an increase of crude oil production of OPEC, the cartel's monthly report showed on Wednesday.

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OPEC cuts 2016 world oil demand growth forecast by 50,000 barrels/day

April 14, 2016 by · Comments Off on OPEC cuts 2016 world oil demand growth forecast by 50,000 barrels/day 

VIENNA, April 13 — The Organization of the Petroleum Exporting Countries (OPEC) slashed by 50,000 barrels a day to 1.2 million barrels per day its 2016 world oil demand growth forecast, the organization’s April report said.

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Venezuelan, Russian oil officials discuss oil price stabilization

February 3, 2016 by · Comments Off on Venezuelan, Russian oil officials discuss oil price stabilization 

CARACAS, Feb. 3 — Venezuelan Oil and Mining Minister Eulogio Del Pino on Tuesday met with Igor Sechin, head of Russia's state oil firm Rosneft, to discuss joint measures to stabilize plunging prices of crude oil.

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Russia ready to join February OPEC meeting with other non-cartel states

January 29, 2016 by · Comments Off on Russia ready to join February OPEC meeting with other non-cartel states 

MOSCOW, Jan. 28 — Russia is ready to take part at the Organization of the Petroleum Exporting Countries (OPEC)'s meeting scheduled for February together with other non-cartel countries

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Algeria to hike natural gas output to meet growing local, global demand

January 29, 2016 by · Comments Off on Algeria to hike natural gas output to meet growing local, global demand 

ALGIERS, Jan. 29 — Algeria will increase oil and gas outputs to meet both growing local and global demand, local media said on Thursday.

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Roundup: U.S. stocks end lower ahead of jobs report

December 1, 2015 by · Comments Off on Roundup: U.S. stocks end lower ahead of jobs report 

NEW YORK, Dec. 1 — U.S. stocks ticked down Monday, the last trading day for November, as investors awaited a key jobs report released later this week.

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Iran: Saudi Arabia not ready to decrease output

October 21, 2015 by · Comments Off on Iran: Saudi Arabia not ready to decrease output 

TEHRAN, Oct. 19 — Iran's representative to OPEC and head of the Energy Associations Affairs Department at Ministry of Petroleum, Mehdi Asali said on Sunday that Saudi Arabia has announced its conditional decrease in oil production, claiming that it will do so only if Russia follows suit. However, Moscow has announced that due to the existing technical problems with the wells in Siberia it is unable to cut production levels.

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Saudi Arabia will decrease oil production only if Russia does

October 19, 2015 by · Comments Off on Saudi Arabia will decrease oil production only if Russia does 

MOSCOW, Oct. 19 — Riyadh will decrease its oil production only if Russia cuts output, Iranian representative to OPEC said Sunday.

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OPEC raises Russia oil supply forecast to 10.69M Bbl per day in 2015Read more:

August 12, 2015 by · Comments Off on OPEC raises Russia oil supply forecast to 10.69M Bbl per day in 2015Read more: 

MOSCOW, Aug. 11 — The Organization of Petroleum Exporting Countries (OPEC) has increased Russia’s oil production forecast to 10.69 million barrels per day (mb/d) in 2015, OPEC said in its Monthly Oil Market Report (MOMR) issued Tuesday.

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