Tag: opec
Oil falls on rising U.S. inventories
Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December adding to concerns about…
Oil rises for a fourth day, buoyed by OPEC supply plans
Oil rose for a fourth session in a row on Monday buoyed by the prospect that top exporter Saudi Arabia…
Global spare oil capacity shrinking – OPEC
OPEC Secretary-General Mohammad Barkindo, on Tuesday said global spare oil capacity was shrinking.
Oil market well supplied – OPEC
OPEC sees the oil market as well supplied and is wary of revisiting a glut next year, the group’s secretary-general…
Factors beyond producers’ control are impacting oil market – OPEC
OPEC Secretary-General, Mohammad Barkindo, said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond…
OPEC able to raise oil output by 1.3m barrels per day
Saudi Energy Minister Khalid al-Falih said OPEC is technically able to raise oil output by 1.3 million barrels per day…
OPEC expects global trade disputes to hit energy demand
OPEC Secretary-General Mohammad Barkindo expects global trade disputes to hit energy demand and eventually hurt economic growth.
Oil prices fall after Trump demands OPEC cut prices
Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for…
Trump warns OPEC to stop manipulating oil markets
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S.…
Oil prices rise on uncertainty over Libyan crude exports
Oil prices rose, Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output loom.
OPEC to boost production by 1m barrels per day
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said Organisation of Petroleum Exporting Countries (OPEC) members may boost…
Oil output: Saudi Arabia canvasses support of Gulf allies
Saudi Arabia is struggling to convince fellow members of Organisation of the Petroleum Exporting Countries (OPEC) including Gulf allies on…
Oil price: OPEC, non-OPEC countries seek lasting cooperation
Mr Suhail Al Mazrouei, the President of Organisation of Petroleum Exporting Countries (OPEC) says OPEC and non-OPEC countries are working…
Kyari appointed Nigeria’s OPEC representative
The Nigerian National Petroleum Corporation (NNPC) says its Group General Manager, Crude Oil Marketing Division, Mallam Mele Kyari has been…
OPEC crude production cut is transformative – Barkindo
Mr Mohammed Barkindo, the Secretary-General of the Organisation of Petroeum exporting Countries (OPEC), on Monday declared that the organisation’s decision…