Iran says OPEC doesn’t like oil over $60 as it nears $70
A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70 a barrel.
OPEC
OPEC’s oil cuts claim a victim as supertanker earnings tumble
OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents.
Opinion: Don’t expect OPEC’s oil output deal to collapse in 2018
Whatever your view on the effectiveness of the deal between OPEC and a group of non-member countries to limit oil supply in order to drain excess inventories and boost prices, there is one thing that everybody seems to agree on -- they stuck to their guns much better than anyone thought possible for the whole of last year. But there is a growing chorus of voices calling the deal's demise this year. Here's why I believe they're wrong.
From bromance to break-up: 4 ways the Opec deal could end early
OPEC and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high. As the unlikely bond enters a second year, there are challenges ahead.
Oil extends gains from 3-year high as US stocks fall
Oil extended gains from the highest close in three years as U.S. industry data showed crude stockpiles continued to decline and as OPEC production held steady last month.
Opec deal doesn’t stop Russia reaching record oil output in 2017
Russia’s oil industry continued its long-term expansion last year, with production hitting a record even as President Vladimir Putin joined forces with OPEC to clear a global glut and lift prices.
OPEC wins over hedge funds to make 2017 oil’s most bullish year
Oil bulls are charging into the new year with unprecedented vigor, and the credit goes to OPEC.
Oil fightback sets stage for another OPEC-shale battle in 2018
Oil’s revival from the biggest crash in a generation persisted, with prices set for a second annual gain after weathering everything from hurricanes and Middle East conflict to the tussle between OPEC and U.S. shale.
Five oil signals to watch as 2018 pits OPEC against U.S. shale
Oil traders are going to have their work cut out in 2018.
Oil holds below $65 after volatile week of pipeline woes
Oil steadied below $65 a barrel in London after a volatile week in which the market was shaken by the shutdown of a North Sea pipeline that underpins the Brent benchmark.
Planet’s biggest oil organisations at odds about 2018
The two most critical forecasts of global oil markets offer contrasting visions for 2018: one in which OPEC finally succeeds in clearing a supply glut, and another where that goal remains elusive.
OPEC boosts forecast for rival supply, sees balance late 2018
OPEC predicted that global oil markets won’t rebalance until late next year after boosting forecasts for supplies from the U.S. and other rivals.
Oil set for weekly loss as focus shifts to US output from Opec
Oil is heading for a second weekly loss as investors turn their attention to expanding U.S. oil production and gasoline stockpiles after OPEC last month agreed to extend supply cuts.
The one indicator Opec must watch
"We will not let go of our current approach until we reach a balanced market," Saudi oil minister Khalid al-Falih said on Monday at a news conference in Riyadh.
Oil falls below $58 as rig count counters OPEC curbs extension
Oil dropped below $58 a barrel as investors weighed an increase in U.S. oil drilling rigs against OPEC’s promise to extend output cuts through the end of next year.
Opec’s easy win masks tough oil-market choices still to come
On the surface, Thursday’s OPEC meeting was a no-drama success.
Updated: Oil extends gains as Opec prolongs production curbs through 2018
Oil extended gains following a third monthly advance after OPEC and Russia agreed to prolong production cuts through to the end of 2018 in their fight against a global supply glut.
Opec, Russia extend output cuts, boosting oil alliance
OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.
Oil retreats as OPEC pledges June review of production limits
Oil dropped after an OPEC-led coalition of major crude producers left the door open to dropping supply cuts halfway through 2018.
OPEC reportedly agrees oil-cuts extension to end of 2018
OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna.
Oil holds close to $64 as OPEC reportedly agree to nine-month extension
Brent held near $64 after OPEC agreed to extend production curbs to the end of next year, giving the market what it expected.
OPEC and Russia ready to extend oil-supply cuts through 2018
OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global stockpiles keep falling and prices maintain recent gains.
Oil slips on signs US inventories gained ahead of Opec meeting
Oil dropped for a third day as U.S. industry data showed crude stockpiles expanded and as OPEC ministers arrive in Vienna to decide on prolonging supply cuts past the end of March.
OPEC-Russia deal faces one last hurdle: knowing how to stop
OPEC and Russia concur on two things: their oil production cuts are working and they should be extended deeper into next year. What’s proving more elusive is an accord on when and how to end the curbs.
37 Years in the Making: Exxon Opens Tap on Offshore Canada Cache
On the eve of the most momentous OPEC gathering in at least three years, Exxon Mobil Corp. turned on the spigot on an oil field that’ll pump a supertanker worth of crude every two weeks.