Iran’s President backs move to stabilise oil market and boost prices
Iran's President said the country would support any move to stabilise the global oil market and lift prices.
OPEC
US oil holds near $44 as Libya, Nigeria seen adding to glut
US crude held near $44 a barrel amid speculation the global supply glut will expand as OPEC members Libya and Nigeria prepare to boost exports within weeks.
Opec output freeze unlikely to lift oil prices, report says
An output freeze among Opec members and Russia will not boost oil prices significantly, the Economist Intelligence Unit (EIU) said yesterday.
Deal or no deal, OPEC’s freeze talks are already succeeding
Even as speculation builds over whether OPEC will clinch an output deal with Russia this month, their negotiations are already paying off.
Oil declines as IEA says surplus will last longer than expected
Oil dropped as the International Energy Agency changed its view on global oversupply, seeing a glut persisting into 2017.
OPEC flips forecast to predict rebound in rival supply next year
OPEC flipped its forecasts for rival supplies in 2017, predicting an increase in output from outside the group instead of a decline, the latest sign that the global surplus is persisting.
Oil bears dominate market as doubt grows over output limits
The longer OPEC and other producers talk about a ceiling on crude output, the more doubts grow in the market.
Trump camp’s call for oil freeze will be ignored by OPEC
Energy adviser to Donald Trump, CEO of Continental Resources, Harold Hamm has history with OPEC.
OPEC focus moves from freeze to output ceilings as unity sought
As OPEC officials shuttle between Tehran, Moscow and Paris in preparation for an informal meeting in Algiers, the focus of their efforts appears to be moving from a production freeze to voluntary output caps.
Saudi, Algerian oil ministers to meet OPEC chief in Paris
The energy ministers of Saudi Arabia and Algeria will meet with OPEC’s top official Friday as major oil producers continue to lay the ground for a potential deal to bolster crude prices in Algiers later this month.
Iran says no to oil output freeze discussion at Algiers
It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Persian Gulf nation’s state-oil company.
Iran oil output near target means freeze is ‘political decision’
Iran hinted that it may soon drop its opposition to an oil-production freeze, with a senior official saying the OPEC member’s crude output is closing in on its pre-sanctions level and that limiting supply is “a political decision.”
OPEC risks ‘crying wolf’ as oil trader gunvor says deal unlikely
One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices.
OPEC Secretary General and Iranian oil minister meet for talks on crude prices
A meeting between OPEC Secretary-General Mohammed Barkendo and Iran's oil minister has started in Tehran.
Brent oil holds gains as Saudi-Russia deal falls short of freeze
Brent oil held its gains as investors weighed the pledge by Russia and Saudi Arabia to cooperate to stabilize global crude markets that fell short of specific measures to bolster prices.
Iran oil terminal could be ready by end of year
Iran has said it expects to complete a pipeline and a terminal to export a new grade of crude by the end of the year.
Saudi, Russia pledge oil cooperation without agreeing freeze
The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific measures to bolster prices.
Saudi, Russia discuss actions to bolster oil, including freeze
Saudi Arabia and Russia discussed actions to stabilize the global oil market -- including an output freeze -- at a meeting in China.
Putin’s hope for oil freeze meets OPEC’s mad tea party
Vladimir Putin appears to have joined Lewis Carroll's Alice on her trip through Wonderland, where nothing is quite what it seems, at least as far as talk of an oil output freeze is concerned.
OPEC output rises to record before talks with Russia on freeze
OPEC’s crude production climbed to a record last month as increased output from Gulf members made up for persisting losses in Nigeria and Libya, according to a Bloomberg survey.
Putin pushes for oil freeze deal with OPEC, exemption for Iran
Vladimir Putin said he’d like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be resolved.
Oil heads for biggest monthly gain since April before OPEC talks
Oil is poised for the biggest monthly advance since April amid speculation informal talks among OPEC members in Algeria next month may result in action to stabilize the market.
Opinion: If you’re betting on an OPEC freeze, don’t ignore Iraq
When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran. This time both countries may be more accommodating; the stumbling block is more likely to be Iraq.
Iran sets terms for cooperating with OPEC to stabilise oil market
Iran has said it will help other oil producers stabilise the world market if other OPEC members recognise the country's right to regain lost market share.
Oil holds gains as Saudis see freeze as ‘positive’ for market
Oil held gains as Saudi Arabia’s energy minister said an output freeze would be positive for the market and after a report that Iran will participate in informal talks next month.