Sunday 14 February 2016
 
»
Tag
 
»
Opec

Oil prices claw higher, weekly loss looms

Oil prices jumped on Friday on prospects of a co-ordinated production cut sparked by comments from the energy minister of Opec member United Arab Emirates.   Still, analysts said such a move remained unlikely and

More…

Venezuela suggests oil output 'freeze' by all producers

Some Opec countries are trying to achieve a consensus among the group and key non-members for an oil production "freeze", sources familiar with the discussions say, in an attempt to tackle the global glut without cutting supply.

More…

Opec points to larger surplus in 2016 as it pumps more

The Organization of the Petroleum Exporting Countries (Opec) pointed to a larger oil supply surplus on the world market this year than previously thought as Saudi Arabia and other members pump more oil, making up for losses in non-member produ

More…

Russia's Sechin floats idea of oil output cuts

The head of Russian state-run oil company Rosneft on Wednesday floated the idea of a coordinated output cut by major oil-producing countries to prop up sagging prices but fell short of saying whether Moscow would contribute to such a plan.

More…

Oil nears $31 as Russia floats idea of supply cut

Oil rose towards $31 a barrel on Wednesday after four days of declines, supported by the prospect of Opec and rival producers cooperating to tackle a supply glut that has sent prices to a 12-year low. Iran's oil minister said

More…

IEA sees global oil glut worsening

The world will store unwanted oil for most of 2016 as declines in US output take time and Opec is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coo

More…

Stocks dumped for safe havens as bank fears flare

Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets. As fear overwhelmed greed, yields on longer-term Japanes

More…

Oil prices jump, shrug off equity slump, glut concerns

Crude oil prices jumped as much as 2 per cent in early Asian trade on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupp

More…

Oil slips after Saudi, Venezuela meeting yields little

Crude oil futures were mixed in early Asian trade on Monday after a meeting between Opec producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices. Brent

More…

Saudi, Venezuela discuss oil cooperation

Saudi Arabia's oil minister Ali Al-Naimi discussed cooperation between Opec members and other oil producers to stabilise the global oil market with his Venezuelan counterpart, state news agency SPA reported. Venezula's Oil

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads