LONDON (Reuters) - U.S. crude inventories are falling more than expected in a sign of the success of OPEC and non-OPEC production cuts, Kuwait's oil minister Essam al-Marzouq told CNBC Arabia on.. Reuters India Also reported by •Sify
Aug.11 -- Daniel Morris, senior investment strategist at BNP Paribas Asset Management, discusses demand for oil and OPEC production cuts. He speaks with Tom Keene on "Bloomberg Surveillance." Source: Bloomberg Global Business -
Aug.07 -- Michael Cohen, head of energy commodities research at Barclays Bank Plc, examines compliance with OPEC's production cut agreement and what needs he wants to hear from the current meeting in.. Source: Bloomberg Global Business -
Jul.24 -- United Arab Emirates Energy Minister Suhail Mohammed Al Mazrouei discusses the impact of OPEC production cuts and the outlook for market recovery. He speaks with Bloomberg's Francine Lacqua.. Source: Bloomberg Global Business -
Jul.12 -- Steven DeSanctis, equity strategist at Jefferies, and Stewart Warther, U.S. equity and derivatives strategist at BNP Paribas, discuss energy market reaction to OPEC production cuts. They.. Source: Bloomberg Technology -
Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields, say analysts. .. OilPrice.com
One month after abandoning the OPEC production cut deal and shaking the alliance, Ecuador said this week that it was planning to cap its crude oil production at the current level of 541,000 bpd so as.. OilPrice.com
The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after a brief week-long rally. The report.. OilPrice.com
OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-Falih told.. OilPrice.com
All data below is based on the latest OPEC Monthly Oil Market Report. All data is through July 2017 and is in thousand barrels per day. (Click to enlarge)The above chart does not include the 14th.. OilPrice.com
OPEC confirmed reports that its crude oil production increase last month, reporting a daily rate of 32.869 million barrels, up by 172,600 bpd. Global commercial oil stocks in the OECD block stood at.. OilPrice.com
Compliance with the OPEC oil output deal continues to decline as the cartel's production increases for the month of July. (Click to enlarge) (Click to enlarge) (Click to enlarge)• Oil prices have.. OilPrice.com
Oil prices look set to make weekly losses, as prices have edged down today amid strong output from the US and rising exports from the Organisation of the Petroleum Exporting Countries (Opec).
Brent.. City A.M.
After the initial short-lived enthusiasm over OPEC’s production cuts, the market started ignoring attempts by the cartel to talk up oil prices as it became evident that the glut would not clear as.. OilPrice.com
Seven months into the OPEC production cut deal, oil prices are not higher than they were at the end of last year, as the stubborn global inventory overhang and rising U.S. output have been offsetting.. OilPrice.com
Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said on Thursday, adding that it.. OilPrice.com
Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an interview. “We.. OilPrice.com
Following Saudi Arabia’s pledge to do the same, the United Arab Emirates announced on Tuesday its plans to reduce oil exports beginning in September of this year. The announcement was delivered on.. OilPrice.com
At the meeting of OPEC and non-OPEC producers in St. Petersburg on Monday, Saudi Arabia announced its intention to take further action to bolster flagging oil prices. Saudi oil minister Khaled al-Falih.. OilPrice.com
The Energy Information Administration offered jittery oil markets respite today by reporting a draw of 4.7 million barrels in U.S. commercial oil inventories. The report comes just one day after the.. OilPrice.com
Late on Monday the oil world was shocked to learn that Ecuador planned on exceeding its OPEC production quota, publicly breaking from the supply cuts agreed to in November 2016 and extended in May.. OilPrice.com
All data below is based on the latest OPEC Monthly Oil Market Report. All data is through June 2017 and is in thousand barrels per day. (Click to enlarge) The above chart does not include the.. OilPrice.com
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