Sunday 1 February 2015
 
»
Tag
 
»
Opec

Opec output rises in January as members stand firm

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices.

More…

Oil surges 8pc as US rig count plunges

Oil prices roared back from six-year lows on Friday, rocketing more than 8 per cent as a record weekly decline in US oil drilling fuelled a frenzy of short-covering. In a rally that may spur speculation that a seven-month price co

More…

Peak oil demand on ice

At more than $100 a barrel, peak global oil demand was scheduled for 2025, but it is now on ice if oil stays at $50 to $70 for over five years, a report said, warning that continued high prices may have led to zero global demand growth.

More…

Opec's Al Badri says oil may have hit floor, warns of future spike

Oil prices at current levels may have reached a floor and could move higher very soon, the Organization of the Petroleum Exporting Countries (Opec's) secretary-general said, his first public comment that oil's second-biggest decline on

More…

Oil steadies after Opec says prices may have bottomed

Oil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top Opec official that prices may have found a floor. Opec secretary-general Abdullah Al-Badri said oil prices may have bottomed out

More…

Oil prices fall on market relief over Saudi policy

Oil prices declined on Monday, with US crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter.

More…

New Saudi king seen holding line on Opec policy to keep oil output high

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's

More…

Opec, oil companies clash at Davos over price collapse

The Organization of the Petroleum Exporting Countries (Opec) defended its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could le

More…

Eni CEO urges Opec to act now

The head of Italian energy company Eni Spa urged Opec on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now. Claudio De

More…

Oman oil minister slams Opec policy on prices

Oman Oil Minister Mohammad bin Hamad Al-Rumhy sharply criticised Opec's production policy on Wednesday, saying it was creating volatility in the market without benefiting oil producers and that his country was suffering. In No

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads