Venezuela in new proposal for OPEC
Venezuela has proposed non-OPEC members who participated in the recent Doha meeting attend the next one in June as observers.
OPEC
Venezuelan oil minister warns global oil stocks almost full
Venezuela's oil minister has warned global oil stocks are almost full with the oil price likely to collapse if producers do not talk.
Iraq says OPEC will pursue output-freeze talks at June meeting
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June to reach an agreement on freezing oil output, Iraq’s governor to OPEC said just days after politics thwarted a deal to cap production and curb the global glut.
Putin, Emir of Qatar discuss Doha meeting
Russian President Vladimir Putin and the Emir of Qatar have discussed the results of the Doha meeting, according to reports from the Kremlin.
Doha meeting: Iran warned not to attend unless it was a yes on production freeze
Iranian delegates were told not to attend a meeting in Doha of the OPEC member countries unless it was to agree to production output changes, according to a top energy analyst.
Dip for market as oil producers fail to agree deal
The London market edged lower as crude prices fell after a key meeting of oil producers ended in stalemate.
No deal on oil output means pump prices could stay lower for longer, say experts
Prices at the pumps could stay lower for longer after major oil producing nations failed to reach a deal to cut output, experts have said.
Doha failure exposes hedge funds that were betting on oil freeze
Hedge funds really wanted the Doha oil summit to work.
Oil producers head for Doha counting $315 billion cost of slump
The world’s top oil exporters are burning through their petrodollar assets at an accelerating pace, increasing the pressure to reach a deal to freeze production to bolster prices.
Global oil demand easing says IEA
Growth in global oil demand will ease to around 1.2 million barrels per day (mb/d) in 2016, below the 1.8 mb/d expansion of last year, according to the International Energy Agency.
Deal or no deal, oil freeze seen having little supply Impact
Oil market watchers see a 50-50 chance that Russia, Saudi Arabia and other major producers will agree to freeze output in Doha on April 17, but either way they don’t anticipate any impact on crude supply because most of the countries are already pumping flat out.
Oil rises to 2016 high above $43 per barrel
Oil rose above $43 a barrel to its highest level so far in 2016 against a backdrop of a weak dollar, signs of increased demand from China and lingering hopes that a meeting of oil producers will agree steps to tackle the global supply glut.
Iraq boosts oil production to record before talks to cap output
Iraq increased crude output to a record level in March, ahead of a meeting in Qatar of OPEC members and other producers on capping production to curb a global glut.
Oil rises most in two months on US output drop and freeze talks
Oil climbed the most in almost two months as U.S. crude output continued to slide before a meeting between suppliers to discuss freezing production.
Oil set for weekly gain as US output falls before freeze talks
Oil is poised for a weekly gain as U.S. crude output continues to drop before a meeting between suppliers to discuss freezing production.
Saudi Arabia will only freeze oil production if Iran joins
Saudi Arabia sees oil price rising over the next two years
Iran will attend talks, won’t join oil freeze
Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude oil production, according to a person familiar with the nation’s policy.
Oil prices hold steady as hopes of production freeze persist
Oil prices firmed in thin Easter holiday trading today, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.
Saudi Arabia’s oil chief prepares for a world after fossil fuels
Even as it pumps near-record quantities of oil, Saudi Arabia is getting ready for a time when the world will no longer need its biggest export.
Oil investors see $7.4 billion vanish as dividends are targeted
Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by many investors.
OPEC-Russia oil coalition struggles with its very first step
A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step.
Oil falls from three month high after speculation of OPEC meeting breakdown
Oil slipped from a three-month high amid uncertainty about when a meeting between Saudi Arabia, Russia and other producers to freeze output will occur as Iran seeks to rebuild its exports.
Opinion: Why is Saudi Arabia even prepared to discuss supply restraint?
A second meeting has been pencilled in by the kingdom, Russia, Venezuela, Qatar and an unspecified group of oil producers (OPEC and non-OPEC) to talk again about the proposed output freeze, according to Nigerian petroleum minister Emmanuel Kachikwu. But no-one should read this as a sudden outbreak of altruism in Riyadh.
Oil set for 3rd weekly gain as producers plan to meet on freeze
Oil headed for the longest run of weekly gains since May as Nigeria said key members of OPEC intend to meet with other producers in Russia this month to renew talks on an agreement to freeze output.
Nigerian Petroleum Minister says OPEC meeting to go-ahead later this month
Nigeria's Petroleum Minister said some OPEC members plant to meet with other producers in Russia later this month.