Sunday 25 September 2016
 
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Opec

Opec in new push to clinch key output freeze deal

As far as Opec decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises. The last two meetings of the Organization of the Petroleum Exporting Countries (Opec) held i

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Saudis 'ready for Opec deal if Iran freezes output'

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. The offer

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Oil up on US stock draw, Japan imports

Oil prices climbed on Wednesday, supported by a reported draw in US crude inventories and by firm import data from Japan. US West Texas Intermediate (WTI) crude futures were up 1.79 percent, or 79 cents, at $44.84 a barrel at 0027

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Oil up on US stock draw, Japan imports

Oil prices climbed on Wednesday, supported by a reported draw in US crude inventories and by firm import data from Japan. US West Texas Intermediate (WTI) crude futures were up 1.79 percent, or 79 cents, at $44.84 a barrel at 0027

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Oil output freeze deal may last one year: Opec chief

A possible deal to support oil prices by the world's leading producer countries may last for one year, the secretary-general of Opec said on Tuesday, longer than other officials have indicated. Opec and non-member producers in

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Opec may call extra meeting immediately after Algiers

Opec members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa said on Tuesday. Bouterfa told local radio

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Oil up as Venezuela sees output deal

Oil prices rose in Asian trade on Monday after Venezuela said that Opec and non-Opec countries were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.

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Opec urgent meeting likely if consensus reached in Algiers

Opec members may call an extraordinary meeting to discuss oil prices if they reach consensus during an informal gathering in Algiers this month, Opec Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state new

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Iran will back move to stabilise oil market: Rouhani

Iran's President Hassan Rouhani said Tehran supports any move to stabilise the global oil market and lift prices, the Iranian oil ministry news agency Shana quoted him as saying on Sunday. "Instability and falling oil pri

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Algiers meeting ‘not for decision making’

Opec secretary-general Mohammed Barkindo said the meeting of Opec members and non-Opec producers in Algiers this month would be an informal meeting for consultations and not for decision making, Algerian state news agency APS said on Satuday.

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