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Page 37 - Opec

Full choke

Opec's biggest quota threat is Iraq, not Iran

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Updated On : 11 Jun 2016 | 12:04 AM IST

Opec fails to agree but Saudis pledge no shocks

Iran insists on raising production steeply, shoots down hope of output agreement

Opec fails to agree but Saudis pledge no shocks
Updated On : 03 Jun 2016 | 1:56 AM IST

OPEC fails to agree new oil production ceiling

This target was in any case widely flouted, with total production by the 13-nation group around 32 million bpd

OPEC fails to agree new oil production ceiling
Updated On : 02 Jun 2016 | 8:42 PM IST

Why OPEC does not need to freeze output

Many brokerage houses, including Barclays and Energy Aspects, say crude oil prices are likely to rise to around $60 per barrel by FY17-end

Why OPEC does not need to freeze output
Updated On : 02 Jun 2016 | 5:25 PM IST

Oil demand is robust and OPEC is happy with oil market, kingpin Saudi says

Non-OPEC output is falling sharply, prices last week briefly rose above $50 for first time in 6 months

Oil demand is robust and OPEC is happy with oil market, kingpin Saudi says
Updated On : 02 Jun 2016 | 4:42 PM IST

How oil prices will behave post OPEC meet

Not many analysts expect that a production cut will be announced in the meeting

How oil prices will behave post OPEC meet
Updated On : 02 Jun 2016 | 4:34 PM IST

Oil prices tread water ahead of key OPEC meeting

Brent was trading at $49.77, while US WTI crude was seen at $48.92 a barrel

Oil prices tread water ahead of key OPEC meeting
Updated On : 02 Jun 2016 | 10:22 AM IST

Saudi, Iran set to clash over OPEC oil output targets

Saudi, along with allies, is set to push for ceiling on output in the crucial meeting today

Saudi, Iran set to clash over OPEC oil output targets
Updated On : 02 Jun 2016 | 10:07 AM IST

OPEC ministers say oil market moving in right direction

Some of the world's biggest oil traders said accelerating demand is also helping to rebalance the market

OPEC ministers say oil market moving in right direction
Updated On : 02 Jun 2016 | 1:21 AM IST

Gulf OPEC members seek joint action on oil output

The group meets on Thursday to revive the idea of coordinated oil-output action by major producers

Gulf OPEC members seek joint action on oil output
Updated On : 01 Jun 2016 | 4:59 PM IST

Opec's stable market outlook gives few drivers for policy change

The 13 nations of the Opec pumped 32.44 million barrels a day in April, slightly less than will be required in the the third quarter

Opec's stable market outlook gives few drivers for policy change
Updated On : 14 May 2016 | 12:16 AM IST

OPEC signals greater oil glut in 2016 as its output surges

The group pumped 32.44 million barrels per day (bpd) in April, highest since at least 2008

OPEC signals greater oil glut in 2016 as its output surges
Updated On : 13 May 2016 | 8:30 PM IST

OPEC pumps more oil after freeze talks fail, boosting surplus

The April output figure is OPEC's highest since at least 2008

OPEC pumps more oil after freeze talks fail, boosting surplus
Updated On : 13 May 2016 | 5:55 PM IST

Opec bids adieu to Saudi Arabia oil supremo

Saudi Arabian Oil Minister Ali al-Naimi, the architect of the 2014 switch in Organization of the Petroleum Exporting Countries (Opec) policy that's since roiled the energy market, companies and entire economies from Mexico to Nigeria, is leaving his post.An 80-year-old who rose from modest Bedouin roots, al-Naimi headed the ministry for almost 21 years, steering the world's largest crude exporter through wild price swings, regional wars, technological progress and the rise of climate change as a key policy concern."During my seven decades in the industry, I've seen oil at under $2 a barrel and $147, and much volatility in between," al-Naimi told a gathering of the who's who of the American oil industry in February in Houston."I've witnessed gluts and scarcity. I've seen multiple booms and busts."The departure of al-Naimi, who for years could move markets just by uttering a few words, is the latest sign of how the country's young Deputy Crown Prince Mohammed bin Salman is stamping his a

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Updated On : 09 May 2016 | 12:25 AM IST

Shift in Saudi oil thinking deepens OPEC split

Events at Monday's meeting of OPEC governors suggest that if Saudi Arabia gets its way, then one of the group's central strategies - of managing global oil prices by regulating supply - will indeed go to the grave

Shift in Saudi oil thinking deepens OPEC split
Updated On : 06 May 2016 | 11:28 AM IST

More Opec

Give Opec more power and let Iran and Saudi bicker

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Updated On : 19 Apr 2016 | 9:51 PM IST

OPEC, other nations fail to reach deal on production freeze

OPEC producers tell non-OPEC members that they needed to first reach a deal within OPEC

OPEC, other nations fail to reach deal on production freeze
Updated On : 18 Apr 2016 | 8:58 AM IST

Saudi-Iran tension clouds oil freeze deal

Failure to reach a deal between OPEC and non-OPEC nations would signal resumption of a battle for market share and may halt a recent recovery in prices.

Saudi-Iran tension clouds oil freeze deal
Updated On : 18 Apr 2016 | 1:53 AM IST

OPEC cuts 2016 oil demand growth forecast, warns of more

In its report, OPEC said that economic developments in Latin America and China are of concern

OPEC cuts 2016 oil demand growth forecast, warns of more
Updated On : 13 Apr 2016 | 7:45 PM IST

Julian Lee: OPEC's little helper from Iraq

The oil market rebalancing is underway - it's just not coming from where everybody thought it would

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Updated On : 28 Mar 2016 | 10:08 PM IST