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Page 31 - Opec

OPEC, allies may return to production cuts as global inventories rise

OPEC and its allies hold their next policy meeting in December

OPEC, allies may return to production cuts as global inventories rise
Updated On : 27 Oct 2018 | 12:23 AM IST

Haven't failed India, restored market stability after 4 yrs of fall: Opec

The stability achieved in past month is being threatened by headwinds from extraneous factors, says OPEC Secretary General

Haven't failed India, restored market stability after 4 yrs of fall: Opec
Updated On : 16 Oct 2018 | 6:54 PM IST

Oil market is well supplied, Opec's Barkindo says wary of 2019 surplus

Barkindo, responding to a question whether producers needed to go beyond full delivery of the agreement, said they were taking it step by step

Oil market is well supplied, Opec's Barkindo says wary of 2019 surplus
Updated On : 11 Oct 2018 | 6:18 PM IST

Saudi, Russia violated Opec deal, produced more crude oil, claims Iran

The two countries would not be able to produce enough oil to replace a reduction in Iranian output, says Iran's OPEC governor

Saudi, Russia violated Opec deal, produced more crude oil, claims Iran
Updated On : 04 Oct 2018 | 8:05 AM IST

Standoff between Opec, traders on oil outlook fuelling price rise: Analyst

The standoff over oil outlook is reminiscent of earlier periods of rising prices

Standoff between Opec, traders on oil outlook fuelling price rise: Analyst
Updated On : 03 Oct 2018 | 10:23 AM IST

Oil at 4-year high sparks renewed interest in Bill allowing US to sue OPEC

The bill would change US antitrust law to allow OPEC producers to be sued for collusion; it would make it illegal to restrain oil or gas production or set those prices

Oil at 4-year high sparks renewed interest in Bill allowing US to sue OPEC
Updated On : 02 Oct 2018 | 10:00 PM IST

Iran says oil prices to rise as Saudi, Russia doing 'little and late'

Oil producers on Sunday ruled out an immediate oil-output boost, in effect rebuffing Trump's calls for action

Iran says oil prices to rise as Saudi, Russia doing 'little and late'
Updated On : 24 Sep 2018 | 11:50 PM IST

OPEC, Russia rebuff Trump's call for increase in oil output to cool market

Benchmark Brent oil reached $80 a barrel this month, prompting Trump to reiterate on Thursday his demand that the Organization of the Petroleum Exporting Countries lower prices

OPEC, Russia rebuff Trump's call for increase in oil output to cool market
Updated On : 24 Sep 2018 | 2:27 AM IST

How global oil production at 27-year low reflects Opec's waning power

Now that Opec needs to boost output, its lack of power becomes even more obvious

How global oil production at 27-year low reflects Opec's waning power
Updated On : 23 Sep 2018 | 1:40 PM IST

Oil prices rise concerns as Opec, allies meet to discuss supply allocation

Benchmark Brent crude oil was up 65 cents at $79.35 per barrel. US light crude was up 45 cents higher at $70.77

Oil prices rise concerns as Opec, allies meet to discuss supply allocation
Updated On : 21 Sep 2018 | 4:15 PM IST

Opec's problems aren't over yet! Here's a new one that the cartel is facing

Exporters' group has navigated both supply and demand crises

Opec's problems aren't over yet! Here's a new one that the cartel is facing
Updated On : 20 Sep 2018 | 8:19 AM IST

Turmoil in emerging markets has Opec on alert; Saudis likely to be cautious

The oil cartel has memories of the impact of 1997 Asian crisis when it boosted output, ignoring a crisis brewing in emerging markets that led to benchmark oil prices falling below $10 a barrel

Turmoil in emerging markets has Opec on alert; Saudis likely to be cautious
Updated On : 19 Aug 2018 | 1:21 PM IST

What happens if there is no Opec? It won't be a paradise for sure

If the No Oil Producing and Exporting Cartels Act is able to work its way through US Congress and becomes a law, oil may get cheaper in America and elsewhere for a while but not for too long

What happens if there is no Opec? It won't be a paradise for sure
Updated On : 22 Jul 2018 | 3:31 PM IST

Opec prefers stable prices, working on spare capacity building: Opec prez

The fluctuations will continue as long as there is no long-term plan for production

Opec prefers stable prices, working on spare capacity building: Opec prez
Updated On : 12 Jul 2018 | 8:04 AM IST

Global trade tensions could have a negative impact on the oil market: Opec

Opec said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude

Global trade tensions could have a negative impact on the oil market: Opec
Updated On : 11 Jul 2018 | 7:59 PM IST

Donald Trump tweets, Saudis scramble: Here's how the US steers the Opec

Opec has been a punching bag for US politicians since the 1970's

Donald Trump tweets, Saudis scramble: Here's how the US steers the Opec
Updated On : 01 Jul 2018 | 9:51 PM IST

Donald Trump accuses Opec of manipulating oil market, warns Europe on Iran

Opec better stop it because we're protecting those countries, says Trump

Donald Trump accuses Opec of manipulating oil market, warns Europe on Iran
Updated On : 01 Jul 2018 | 9:49 PM IST

Iran, Opec and the politics of oil

The oil cartel's decision to maintain the production ceiling at its 2016 level will ensure shortfalls in supply and high oil prices in the foreseeable future

Iran, Opec and the politics of oil
Updated On : 01 Jul 2018 | 10:09 AM IST

Opec supply buffer shrinks as it heeds call to pump more crude oil

Those reserves will shrink as the group implements the 1 million-barrel-a-day supply boost pledged in Vienna last week

Opec supply buffer shrinks as it heeds call to pump more crude oil
Updated On : 29 Jun 2018 | 1:02 PM IST

OPEC and its allies agree to oil supply boost in victory for Saudis, Russia

Group will add as much as 700,000 barrels per day of crude to the market

OPEC and its allies agree to oil supply boost in victory for Saudis, Russia
Updated On : 23 Jun 2018 | 11:23 PM IST