Page 32 - Opec

Opec, Russia to raise oil output, Saudi pledges 'measurable' supply boost

Opec and non-Opec said in their statement that they would raise supply by returning to 100 per cent compliance with previously agreed output cuts, after months of underproduction

Opec, allies to increase oil production by 500,000 bpd after new deal: Iran

Saudi Arabia said the increase would amount to less than 1 million bpd, while Iraq said it would be around 770,000 bpd

Indian oil companies to gain from higher Opec output

After the decision, Brent crude oil prices were seen at $74.11 a barrel, up 1.45% from the previous day

Opec agrees to oil-output boost after reaching last-minute Iran compromise

The accord is a much-needed show of unity from the Organization of Petroleum Exporting Countries and allies including Russia

Opec meet, US-China trade spat make oil prices climb as uncertainty looms

Oil prices rose by more than 1 per cent in early Asian trading on Friday

Opec's biggest challenge: To pump more oil and keep deal in place

Iran has so far been the main barrier to a new pact, objecting to US calls for increased output

India urges Opec to fill supply gap and ensure sustainable oil prices

Indian oil minister Dharmendra Pradhan said currently high oil prices dent the economic development of many countries

Ahead of crucial Opec meet, rift deepens as Iran stages walkout

The talks were meant to lay the groundwork for Friday's gathering of the 14-nation Organisation of Petroleum Exporting Countries (Opec)

Iran's approval will be key as Opec edges closer to raising oil output

Russia has proposed producers raise output by 1.5 million bpd

Going against Iran: Russia and Saudi Arabia push for oil output jump

Opec's de facto leader, Saudi Arabia, and non-member Russia have proposed gradually relaxing production cuts - in place since the start of 2017

Iran backs Venezuela, Iraq, will veto Saudi move to hike Opec crude output

OPEC members are set to meet later this week in Vienna to discuss the proposal by Saudi Arabia to end the OPEC/non-OPEC deal

Three OPEC members to veto Saudi-proposed oil supply boost plan: Iran

Iran's comments show that OPEC members are set to clash when they meet later this week in Vienna to discuss the proposal to end global output cuts

OPEC May oil output hits new low on Nigeria, Venezuela, says survey

For now though, adherence by producers in the deal to agreed levels remains strong

Saudi Arabia, Russia plan to raise oil production by 1 mn barrels/day

OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry source

Oil pares gains as Opec expects output from non-members to grow

OPEC cut its forecast for demand for its own crude in 2018 by 250,000 bpd to 32.61 million bpd, marking the fourth consecutive decline

Goldman Sachs, JPMorgan accept Opec was right as they embrace oil near $80

Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co have all issued a flurry of bullish forecasts in the past fortnight

Saudi Arabia calls for extending non-OPEC cooperation as oil prices rise

OPEC and non-OPEC countries signed a landmark agreement in November 2016 to cut output by 1.8 million barrels per day to fight huge oversupply and lift sagging crude prices

Oil on a slippery slope

The rise in global crude oil prices is likely to be a short-term trend, but the outlook for India may be less than benign

Oil short-sellers return as doubts loom on OPEC's horizon

Bets on falling Brent rose by the most since June

Opec points to 2018 oil supply deficit as market tightens

Says the world will need 33.42 million barrels per day of Opec crude oil from next year