Saudi cuts oil output by most in eight years
Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets.
OPEC
Investor honeymoon with OPEC falters as shale drilling booms
There are limits to investors’ love affair with OPEC.
Don’t get used to the amazing cuts in OPEC oil production
Don't get your hopes up that the oil market's headed back to the future.
IEA says Opec achieving 90% of output cuts
OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that’s being supported by surprising strength in demand, the International Energy Agency said.
Confidence grows as Wall Street throws money at US energy firms
Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation.
Opec ministers don’t rule out renewing output reduction
OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.
Nigeria production struggles good news for Opec
Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years, it’s making life easier for fellow OPEC members.
Oil drops to two-week low as US stocks climb
Oil dropped to the lowest in more than two weeks amid estimates that U.S. crude and gasoline inventories continue to climb.
Oil near $54 as Iran tensions offset US drilling ramp up
Oil traded near $54 a barrel as increased tension between Iran and the U.S. countered expectations of rising American production.
Investors have never loved OPEC so much as it sticks to cuts
Investors are betting big that OPEC’s cuts are real.
More work needed to fulfill Opec output deal
OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal.
Opec persuades investors output cuts being realised
OPEC appears to have persuaded investors that it’s making good on promised production cuts.
Iraq reduces oil production by 180,000bpd
Iraq said it has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 barrels per day before the end of the month.
Opinion: Why Saudi Arabia may walk away from OPEC deal by June
OPEC's big drama may well be just a one-act light opera.
Trump’s vow to break from OPEC oil imports echoes old refrain
U.S. President Donald Trump’s pledge to make America independent from OPEC isn’t a new refrain in Washington.
Saudi touts prospect of another Opec output cut in 2017
Saudi Arabia’s energy minister has said that there is a chance of another production cut from Opec countries this year.
IEA says oil demand is up as global stockpiles reduce
Global oil markets are tightening according to fresh analysis from the International Energy Agency (IEA).
OPEC output drops from record high after deal, with hopes for non-member compliance
OPEC's production output dropped last month from a record high as producers attempt to tackle the global oil glut.
Output reduction deal unlikely to be extended, Saudi says
Saudi Arabia’s energy minister said yesterday that oil production cuts were unlikely to be extended beyond the initial six month period, according to a news report.
Iran’s oil minister confident of output deal, predicts prices will rise
Iran's oil minister said he was confident both OPEC and non-OPEC members would commit to the output cut deal agreed in November.
As OPEC acts on New Year’s resolution, US shale pumps away
U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market.
Kuwait says Saudi Arabia to UAE complying with oil cuts
Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Countries said.
Will OPEC deliver its output cut deal? Here’s how we’ll know
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy.
Will Opec deliver its output cut deal? Here’s how we’ll know
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy.
Oil off the boil on dollar surge
Oil prices pared gains after earlier hitting 18-month highs yesterday, the first trading day of 2017.