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Page 38 - Opec

Oil edges higher after plunging in worst reaction to Opec in over 4 years

Prices edged higher by about 0.6% on Wednesday after a report showed a contraction in U.S. crude stockpiles

Oil edges higher after plunging in worst reaction to Opec in over 4 years
Updated On : 03 Jul 2019 | 8:01 AM IST

OPEC signs new charter with Russia, other allies; extends production cuts

The new agreement between OPEC and its so-called OPEC+ partners is being seen as a sign of the cartel's efforts to stay relevant in a market which has been transformed by booming US shale oil output

OPEC signs new charter with Russia, other allies; extends production cuts
Updated On : 02 Jul 2019 | 5:03 PM IST

OPEC says trade tensions hurting oil demand, slashes consumption estimates

OPEC said demand increased by less than 1 million barrels a day in the first quarter after cutting its assessment by more than 20%

OPEC says trade tensions hurting oil demand, slashes consumption estimates
Updated On : 13 Jun 2019 | 5:12 PM IST

With oil demand not rising, the future may be worse than what Opec thought

Forecasts of 2019 oil demand growth may slip below 1 million barrels a day in the coming months

With oil demand not rising, the future may be worse than what Opec thought
Updated On : 10 Jun 2019 | 7:29 AM IST

Opec risks gambling away victory again by letting crude surge too high

In the first quarter, coordinated production curbs by the Opec and its allies helped oil rally the most in almost a decade, restoring prices to over $70 a barrel

Opec risks gambling away victory again by letting crude surge too high
Updated On : 16 Apr 2019 | 5:21 PM IST

Oil climbs as Opec output curbs stoke optimism on tight supply

Oil has rallied about 37 percent this year as Saudi-led production cuts, together with receding fears over the global economic growth outlook, appear to be easing investor concerns.

Oil climbs as Opec output curbs stoke optimism on tight supply
Updated On : 02 Apr 2019 | 11:44 PM IST

Saudi signals OPEC may need to extend output cuts until second half of 2019

OPEC is due to meet in April and then again in June to decide its output policies

Saudi signals OPEC may need to extend output cuts until second half of 2019
Updated On : 18 Mar 2019 | 10:07 AM IST

Oil bulls stick to their guns ahead of make-or-break OPEC summit

Combined WTI, Brent net-longs at highest level since October

Oil bulls stick to their guns ahead of make-or-break OPEC summit
Updated On : 16 Mar 2019 | 8:07 PM IST

Saudi leaning towards oil production cuts after US tells OPEC to 'relax'

Falih said it was hard to foresee the situation in June when the agreement between major oil producers, including Russia, expires

Saudi leaning towards oil production cuts after US tells OPEC to 'relax'
Updated On : 27 Feb 2019 | 11:19 PM IST

OPEC has a president under sanctions, but history shows it's manageable

While it might be personally problematic for Manuel Quevedo, who also heads state-owned oil giant PDVSA, his role as OPEC president probably won't be affected

OPEC has a president under sanctions, but history shows it's manageable
Updated On : 16 Feb 2019 | 3:15 PM IST

OPEC not in the business of fixing oil prices, says Mohammad Barkindo

OPEC and a group of non-OPEC countries including Russia, an alliance known as OPEC+, are reducing oil output in 2019 to avoid a potential supply glut that could weigh on prices

OPEC not in the business of fixing oil prices, says Mohammad Barkindo
Updated On : 11 Feb 2019 | 7:35 PM IST

A roller-coaster year for oil prices as Trump plays havoc with Opec policy

American sanctions, waivers and a surprise summer supply boost complicated the group's efforts to balance oil supply and demand

A roller-coaster year for oil prices as Trump plays havoc with Opec policy
Updated On : 03 Feb 2019 | 1:46 PM IST

Oil cuts by Opec, allies on right track to balance the market: Saudi

Energy Minister Al-Falih says group ready to do more if needed

Oil cuts by Opec, allies on right track to balance the market: Saudi
Updated On : 14 Jan 2019 | 3:07 AM IST

We complement each other, we are not enemies: UAE on Opec, US relationship

Both Mazrouei and Rumhi said there was no need for OPEC and its allies to meet before April when they are set to decide their output policy for the rest of 2019.

We complement each other, we are not enemies: UAE on Opec, US relationship
Updated On : 12 Jan 2019 | 7:01 PM IST

Opec strategy still a winner for members despite oil price slide

The nominal value of the group's crude production, based on the average price of a basket of OPEC crudes, surged by 33 percent last year, to $826 billion

Opec strategy still a winner for members despite oil price slide
Updated On : 07 Jan 2019 | 2:00 AM IST

Oil rises in choppy trade as Opec supply cuts vie with demand worry

Weaker-than-expected US factory data also added to economic worries

Oil rises in choppy trade as Opec supply cuts vie with demand worry
Updated On : 04 Jan 2019 | 6:30 AM IST

Russia ditches idea of forming joint org with Opec due to US sanctions risk

US President Donald Trump has been a vocal critic of Opec, blaming it for high oil prices and urging it to increase output

Russia ditches idea of forming joint org with Opec due to US sanctions risk
Updated On : 27 Dec 2018 | 9:07 PM IST

OPEC says it replaced Iran oil loss, cuts 2019 demand forecast by 0.3%

OPEC said its oil output fell by only 11,000 barrels per day, month on month, to 32.97 million bpd in November, despite President Donald Trump's reimposition of sanctions on Iran

OPEC says it replaced Iran oil loss, cuts 2019 demand forecast by 0.3%
Updated On : 12 Dec 2018 | 6:20 PM IST

How Qatar's exit from Opec may help India end its petroleum import pangs

The decision provides India a huge bargaining chip in the oil and gas world of West Asia, though there are some downside risks as well

How Qatar's exit from Opec may help India end its petroleum import pangs
Updated On : 12 Dec 2018 | 2:27 PM IST

OPEC to consider Modi's views on slashing oil prices: Saudi Energy minister

Underlining that consumer is an important focus in the meeting, Saudi Energy Minister said main aim is to bring supply demand of crude oil in balance

OPEC to consider Modi's views on slashing oil prices: Saudi Energy minister
Updated On : 07 Dec 2018 | 8:33 AM IST