Organization Of Petroleum-exporting Countries
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Slow Progress Affects Negotiations at UN Climate Talks
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.
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India's Iran Oil Imports Fall to 5-Month Low in August
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.
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Arab OPEC Producers Brace for Oil Weakness for Rest of 2015
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.
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Saudi King Salman to Visit US for First Time Since Rift
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.
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OPEC Says Cheap Oil Taking Longer to Subdue Rival Suppliers
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.
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Russia, Saudi Arabia to Talk Energy Markets, Syria on Tuesday
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.
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Oil Shouldn't Fall Further, Stability Seen in 2016: OPEC
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.
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OPEC Sees Oil Drop as Short-Term, Expects Stronger Demand
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.
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OPEC Sees More Balanced Oil Market in 2016
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.
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OPEC Oil Output Hits 3-Year High in June on Iraq: Survey
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.
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Islamic State Says It Shot Down Iraqi Fighter Plane
Islamic State said on Thursday it had shot down an Iraqi fighter plane north of the city of Ramadi in Anbar Province.
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Nations Warn Time Running Short to Resolve Global Warming Disputes Before Paris Climate Deal
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.
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Saudi Arabia Ready to Raise Oil Output Further to Meet Demand
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.
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OPEC Oil Price Anchor Could Be Easy to Unmoor
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.
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Oil Slips After OPEC Keeps Output High, China Slowdown
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.
-
Slow Progress Affects Negotiations at UN Climate Talks
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.
-
India's Iran Oil Imports Fall to 5-Month Low in August
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.
-
Arab OPEC Producers Brace for Oil Weakness for Rest of 2015
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 to Visit US for First Time Since Rift
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.
-
OPEC Says Cheap Oil Taking Longer to Subdue Rival Suppliers
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.
-
Russia, Saudi Arabia to Talk Energy Markets, Syria on Tuesday
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.
-
Oil Shouldn't Fall Further, Stability Seen in 2016: OPEC
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.
-
OPEC Sees Oil Drop as Short-Term, Expects Stronger Demand
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.
-
OPEC Sees More Balanced Oil Market in 2016
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.
-
OPEC Oil Output Hits 3-Year High in June on Iraq: Survey
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 Says It Shot Down Iraqi Fighter Plane
Islamic State said on Thursday it had shot down an Iraqi fighter plane north of the city of Ramadi in Anbar Province.
-
Nations Warn Time Running Short to Resolve Global Warming Disputes Before Paris Climate Deal
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 Ready to Raise Oil Output Further to Meet Demand
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.
-
OPEC Oil Price Anchor Could Be Easy to Unmoor
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 Slips After OPEC Keeps Output High, China Slowdown
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.
