Tuesday 6 December 2016
 
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Oil output

Opec hopes to keep a floor on oil prices

Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media rep

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Iraq questions Opec method on oil output estimates

Iraq on Wednesday questioned one of the two methods Opec is using to estimate the oil production of its members, signalling the issue could be a problem for the country to join output limits that the group agreed to start implementing this year.

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Iraq set on expanding oil output to gain market share

Iraq is willing to play an active role within Opec to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a v

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Opec deal a tough task, as oil output cut hopes rise

Opec will probably revive talks on freezing oil output levels when it meets non-Opec nations next month as top exporter Saudi Arabia appears to want higher prices, according to Opec sources, although Iran, Iraq and Russia present obstacles to a

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Oil dips on oversupply; producer meet doubted

Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. US West Texas Inter

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Oil dips on oversupply; producer meet doubted

Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. US West Texas Inter

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Opec oil output set to reach record high in July

Opec's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations. Top

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Opec output hits record high on Nigerian rebound

Opec's oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria's oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies.  

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Opec oil output falls from near-record in May

Opec's oil output fell in May from near a record high, a Reuters survey found on Tuesday, as attacks on Nigeria's oil industry and other outages outweighed increases in Iran and Gulf members. A rise in supply from Saudi Ar

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Opec sees bigger oil glut in 2016 as its output surges

Opec said the global oil market is oversupplied and signalled the glut may increase this year, as surging output from its members makes up for losses from other countries whose production has been hit by a price fall. Supply from

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