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All publications by tag «OPEC»

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2018, June, 25, 12:25:00
IRAN EXECUTES AGREEMENT
SHANA - The Iranian official, following the 174th ordinary meeting of the Organization of the Petroleum Exporting Countries (OPEC) said: As I said on the minute of my arrival in Vienna, we needed to fully comply with the output reduction agreement of the organization and nothing more.”
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2018, June, 22, 13:40:00
OIL PRICE: NEAR $74 ANEW
REUTERS - Benchmark Brent crude LCOc1 was up $1.05 a barrel at $74.10 by 0925 GMT. U.S. light crude CLc1 was 80 cents higher at $66.34.
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2018, June, 22, 13:25:00
RUSSIA - SAUDIS SUPER OPEC
BLOOMBERG - Russian Oil Minister Alexander Novak said in a speech yesterday that “we need to build upon our successful cooperation model and institutionalize its success through a broader and more permanent strategically focused framework.” His Saudi counterpart Khalid Al-Falih echoed those comments.
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2018, June, 20, 13:15:00
OIL PRICE: ABOVE $75
REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.
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2018, June, 20, 13:10:00
OPEC DISCUSSES 600,000
BLOOMBERG - OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months,
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2018, June, 20, 13:05:00
IRAN - OPEC DECISION
PLATTS - Iran will not accept any proposals for OPEC to raise its quotas, the country's oil minister said Tuesday, adding that even a 500,000 b/d increase "is not necessary." "Decisions in OPEC need unanimity," Bijan Zanganeh said on arrival in Vienna ahead of OPEC talks this week. "I don't think at this meeting we can reach an agreement."
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2018, June, 18, 14:30:00
OIL PRICE: NEAR $74
REUTERS - U.S. light crude oil CLc1 hit a two-month low of $63.59 a barrel before recovering to trade at $64.76, down 30 cents, by 0950 GMT. North Sea Brent LCOc1, meanwhile, was up 60 cents at $74.04 a barrel.
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2018, June, 18, 14:10:00
SAUDI ARABIA & RUSSIA: +1 MBD
ARAB NEWS - On June 14, Saudi Arabia’s energy minister, Khalid Al-Falih, said it was “inevitable” OPEC+ participants would vote to boost oil production gradually at next week’s meeting . Speaking to reporters in Moscow, Al-Falih said “as usual we will do the right thing … I think we’ll come to an agreement that satisfies most importantly the market.” The deal leaders, Saudi Arabia and Russia, are said to have proposed plans for the group to add as much as 1 million barrels per day to production.
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2018, June, 15, 11:35:00
OIL PRICE: NEAR $76
REUTERS - Brent crude LCOc1 had edged up 3 cents to $75.97 a barrel by 0658 GMT, after settling down 80 cents the session before. U.S. West Texas Intermediate crude CLc1 was up 5 cents at $66.94 a barrel, having settled the last session up 25 cents. It touched a two-week high of $67.16 on Thursday.
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2018, June, 15, 10:45:00
U.S. - OPEC TIES
REUTERS - OPEC and U.S. representatives have met at least twice this year, with a third high-profile meeting set for Vienna next week. Finding the optimal balance of crude supply and demand will be the hot topic.