Organization Of Petroleum-exporting Countries

The "snail's pace" of progress on an accord to combat climate change caused widening unease at UN negotiations on Friday, with time fast running out before a Paris summit at which a global agreement is due to be reached.

Essar Oil and Mangalore Refinery and Petrochemicals Ltd would shut units at their refineries for about a month from mid-September, leading to lower purchases from last month.

A second oil price rout of 2015 has forced Arab OPEC (Organization of Petroleum Exporting Countries) members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.

Saudi King Salman will visit the United States next month for the first time since acceding the throne and following a rift over America's rapprochement with Iran, a diplomat said Wednesday.

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected to hit US shale drillers and other competing sources.

Saudi Foreign Minister Adel al-Jubeir and his Russian counterpart Sergei Lavrov, will meet in Moscow on Tuesday to discuss global energy markets and the Middle East crisis, including the war in Syria and the threat of Islamic State, Russia's foreign ministry said.

The Organization of the Petroleum Exporting Countries (OPEC) expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its Secretary-General said on Thursday, the latest sign the group is sticking to its policy of defending market share.

A drop in oil prices this month is likely to be short-term and will not deflect the Organization of the Petroleum Exporting Countries (OPEC) from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said.

Global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, the Organization of the Petroleum Exporting Countries (OPEC) said on Monday.

Organization of the Petroleum Exporting Countries oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share.

Islamic State said on Thursday it had shot down an Iraqi fighter plane north of the city of Ramadi in Anbar Province.

Several nations expressed growing unease today that time is running short to resolve disputes about global warming after UN talks ended with little progress towards an international deal to combat climate change meant to be agreed in December.

Saudi Arabia has historically lowered its oil exports during the summer months when domestic demand peaks due to scorching temperatures and the need to power air conditioning.

To hear Organization of the Petroleum Exporting Countries (OPEC) ministers in Vienna last week, one would think the cartel's battle for market share is a complete success and oil prices are now firmly anchored where they are.

Oil prices slipped on Monday after China's fuel imports dropped sharply and as markets digested a decision by the Organization of the Petroleum Exporting Countries (OPEC) to keep its production target unchanged, a move analysts said would keep the market oversupplied for the rest of the year.

The "snail's pace" of progress on an accord to combat climate change caused widening unease at UN negotiations on Friday, with time fast running out before a Paris summit at which a global agreement is due to be reached.

Essar Oil and Mangalore Refinery and Petrochemicals Ltd would shut units at their refineries for about a month from mid-September, leading to lower purchases from last month.

A second oil price rout of 2015 has forced Arab OPEC (Organization of Petroleum Exporting Countries) members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.

Saudi King Salman will visit the United States next month for the first time since acceding the throne and following a rift over America's rapprochement with Iran, a diplomat said Wednesday.

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected to hit US shale drillers and other competing sources.

Saudi Foreign Minister Adel al-Jubeir and his Russian counterpart Sergei Lavrov, will meet in Moscow on Tuesday to discuss global energy markets and the Middle East crisis, including the war in Syria and the threat of Islamic State, Russia's foreign ministry said.

The Organization of the Petroleum Exporting Countries (OPEC) expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its Secretary-General said on Thursday, the latest sign the group is sticking to its policy of defending market share.

A drop in oil prices this month is likely to be short-term and will not deflect the Organization of the Petroleum Exporting Countries (OPEC) from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said.

Global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, the Organization of the Petroleum Exporting Countries (OPEC) said on Monday.

Organization of the Petroleum Exporting Countries oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share.

Islamic State said on Thursday it had shot down an Iraqi fighter plane north of the city of Ramadi in Anbar Province.

Several nations expressed growing unease today that time is running short to resolve disputes about global warming after UN talks ended with little progress towards an international deal to combat climate change meant to be agreed in December.

Saudi Arabia has historically lowered its oil exports during the summer months when domestic demand peaks due to scorching temperatures and the need to power air conditioning.

To hear Organization of the Petroleum Exporting Countries (OPEC) ministers in Vienna last week, one would think the cartel's battle for market share is a complete success and oil prices are now firmly anchored where they are.

Oil prices slipped on Monday after China's fuel imports dropped sharply and as markets digested a decision by the Organization of the Petroleum Exporting Countries (OPEC) to keep its production target unchanged, a move analysts said would keep the market oversupplied for the rest of the year.