The predicted influx of new tonnage, combined with the Organization of the Petroleum Exporting Countries’ (OPEC)…
Tag: OPEC
OPEC reports big Saudi oil cut, boosting compliance with deal
Top Organisation of the Petroleum Exporting Countries (OPEC) oil producer Saudi Arabia made a large…
OPEC implements over 90 percent of agreed output cuts
The OPEC oil cartel has implemented more than 90 percent of its agreed output cuts aimed…
Oil prices rise as OPEC output cuts drain stocks
Oil prices rose on Tuesday on evidence the global market was tightening as lower production by…
Oil price rises ahead of producers’ compliance meeting
Oil prices edged up for a second day on Friday on expectations that a weekend meeting…
OPEC oil output to drop in January – IEA
Steeper cuts in OPEC oil production are likely this month as producers increasingly implement a recent…
OPEC output falls in December after cut deal
OPEC oil production fell in December but remains well above levels envisaged under a recent deal…
Crude price drops at international market – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday announced a drop in price…
Oil rises on weaker dollar, Saudi commitment to cut output
Oil prices rose on Tuesday supported by a falling U.S. dollar and Saudi Arabia saying it…
OPEC crude overhang to disappear in Q3 2017– S&P
The first Organization of Oil Exporting Countries (OPEC) led global production cut in 15 years underpins…
Oil prices steady after gains on Saudi output cuts
Oil prices were little changed on Friday after gaining nearly one per cent the day…
Nigeria posts biggest decline as OPEC output falls
Nigeria recorded the biggest oil production decline among Organisation of Petroleum Exporting Countries (OPEC) members last…