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opec and non-opec nations poised to extend output cuts


opec and other oil nations meeting thursday appeared set to extend their production cuts in an effort to shore up prices. but the intended impact could be short-lived.






opec and non-opec nations poised to extend output cuts


opec and other oil producers appear set to extend production cuts in an effort to shore up prices. but the hoped-for benefits could be short-lived.






opec and non-opec nations poised to extend output cuts


vienna (ap) — opec and other oil producers appear set to extend production cuts in an effort to shore up prices. but the hoped-for benefits could be short-lived. that’s due to u.s. shale producers. with prices above $50 from lows of last year, they are increasingly moving back into the market. their output already is […]






opec and non-opec nations poised to extend output cuts


vienna (ap) — opec and other oil nations meeting thursday appeared set to extend their production cuts in an effort to shore up prices. but the intended impact could be short-lived. that’s due to u.s. shale producers. with crude prices above $50 a barrel from lows of last year, they are increasingly moving back into […]






opec likely to extend output cuts into next year


the opec oil cartel and other producers, notably russia, are this week expected to extend last year's production cut in a concerted attempt to prevent oil prices from falling.






opec likely to extend output cuts, but price relief elusive


vienna (ap) — opec oil ministers meeting this week appear damned if they don’t extend production cuts — and only slightly less damned if they do. ministers of the 13-nation cartel will likely decide to prolong them in an effort to support prices, when they meet thursday. but even a slight rise in value per […]






can opec still control the oil market?


cartel members are debating whether to extend a deal to reduce output.






saudi arabia, russia extend cuts to oil production


that means opec is likely to follow suit on may 25.






can opec prevent another oil price collapse?


as opec struggles to maintain its dominance over us shale producers, we ask if they can keep oil prices buoyed.






iraq, algeria support extension of oil production cuts


iraq and algeria support the extension of oil production cuts by opec and non-opec producers through the end of the year to try to boost prices, they said in a joint statement thursday.






saudi oil minister says production cuts may need to continue


saudi arabia's oil minister is suggesting that production cuts agreed to by opec and non-opec members may need to continue.






oil prices fall as shale revival cancels out opec efforts


oil prices fell 6.3 percent last week, slipping to levels last seen before opec’s deal to curb production, as the shale revival appears to be making the group’s cuts ineffective.






qatar says producers sticking to oil output cuts


qatar's energy minister says opec members and oil-producing allies are adhering to previously agreed production cuts aimed at taking supply off the market to push up the price of crude.






iraq, algeria support extension of oil production cuts


baghdad (ap) — iraq and algeria say they support the extension of oil production cuts by opec and non-opec producers through the end of the year to try to boost prices. in a joint press conference thursday in baghdad by the oil ministers of the two countries, iraqi oil minister jabar ali al-luaibi said “there […]






iraq, algeria support extension of oil production cuts


baghdad (ap) — iraq and algeria support the extension of oil production cuts by opec and non-opec producers through the end of the year to try to boost prices, they said in a joint statement thursday. the oil ministers of the two countries held a press conference in baghdad where iraqi oil minister jabar ali […]






russia says oil cuts may be extended amid high compliance


russia's energy minister says there's "94 percent" compliance on a six-month oil production cut among opec members and non-cartel nations, as well as discussions about continuing the cuts to boost crude prices.






saudi energy minister keeping close eye on us oil producers


houston (ap) — saudi arabia’s energy minister says opec production cuts are working to bolster crude prices and his country will look at whether other oil-producing nations are living up to their promises to curtail pumping before deciding whether to extend the cutbacks beyond this summer. khalid al-falih expressed no great alarm tuesday about the […]






qatar says producers sticking to oil output cuts


doha, qatar (ap) — qatar’s energy minister says opec members and oil-producing allies are adhering to previously agreed production cuts aimed at taking supply off the market to push up the price of crude. mohammed bin saleh al-sada said in doha on wednesday that “adherence is excellent” to cuts in oil production agreed on in […]






saudi arabia wants oil prices to rise to $60 in 2017


opec heavyweight and gulf allies believe the rise would increase investment without causing a jump in us shale output.






russia, saudi arabia back extension of oil output cuts


moscow (ap) — russia and saudi arabia said monday they want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would support the market price. oil prices rose on the announcement that the countries want to extend the deal, which encompasses both nations in the […]






russia, saudi arabia back extension of oil output cuts


moscow (ap) — russia and saudi arabia want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would stabilize the market. oil prices rose on the announcement that the countries want to extend the deal, which encompasses both nations in the organization of the petroleum […]






russia, saudi arabia back extension of oil output cuts


moscow (ap) — russia and saudi arabia said monday they want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would support the market price. oil prices rose on the announcement that the countries want to extend the deal, which encompasses both nations in the […]






russia says oil cuts may be extended amid high compliance


kuwait city (ap) — russia’s energy minister says there’s “94 percent” compliance on a six-month oil production cut among opec members and non-cartel nations, as well as discussions about continuing the cuts to boost crude prices. alexander novak made the comments sunday in kuwait at a compliance meeting. russia’s tass news agency quoted novak as […]






saudi oil minister says production cuts may need to continue


saudi arabia's oil minister on thursday suggested that production cuts agreed to by opec members and countries outside of the cartel may need to continue to help shore up crude oil prices.






saudi oil minister says production cuts may need to continue


abu dhabi, united arab emirates (ap) — saudi arabia’s oil minister on thursday suggested that production cuts agreed to by opec members and countries outside of the cartel may need to continue to help shore up crude oil prices. the comments by khalid al-falih carry significant weight as the kingdom is one of the world’s […]






russia, saudi arabia back extension of oil output cuts


russia and saudi arabia want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would stabilize the market.






russia, saudi arabia back extension of oil output cuts


russia and saudi arabia said monday they want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would support the market price.






the second coming of american oil shale is preparing to challenge opec again


after a two-year downturn spurred by oil's plunge to $26 from $100, u.s. production is on the rise once again, opening the door for another showdown with the organization of petroleum exporting countries.






greece: latest cuts extend austerity to decade mark


athens, greece (ap) — lawmakers in greece are starting a four-day debate on a new package of spending cuts that will extend the number of years greeks have lived under austerity to more than a decade. the latest round of measures will introduce pension cuts in 2019 and higher income tax in 2020, under an […]






as their clout wanes, saudi arabia and russia extend oil production cuts


the world’s two biggest oil exporters agreed monday to extend production cuts for several months, sending the price of crude up 3.8 percent monday to almost $50 a barrel.






greece: latest cuts extend austerity to decade mark


lawmakers in greece are starting a four-day debate on a new package of spending cuts that will extend the number of years greeks have lived under austerity to more than a decade.






recovery prospects expected for the oil industry in 2017


in november, 2016, opec members and russia decided to cut a total of 1.758 million b/d, marking the largest production cut meant to speed up global oil market rebalancing. brent crude oil prices then sharply rose. at the same time, during the beginning of 2017 we saw a clear swing towards deficit from surplus. this […]






as their clout wanes, saudi arabia and russia extend oil production cuts


the world’s two biggest oil exporters agreed monday to extend production cuts through march, sending the price of crude up 3.8 percent monday to almost $50 a barrel and pushing the s&p 500 index to a new high.






global energy: a look into the future of the shale oil market in north america


the shale boom had a significant impact on financial markets and thousands of us jobs were created to keep pace with demand, all of which prompted opec members to reduce oil prices and increase production, back in 2014. that had an adverse effect for a while, but shale production has rebounded in a big way […]






nikki haley: ‘i believe you will see cuts to the un’


the u.s. ambassador to the united nations, nikki haley, in setting out her agenda for the u.n. during a speech at the council on foreign relations in new york city on wednesday, confirmed that the u.s. budget for the united nations is likely to be decreased. “i believe you will see cuts to the...