Sunday 26 February 2017
 
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Opec

Oil producers achieve 86pc conformity to output cuts

Opec and Non-Opec countries are on target towards full conformity with their adjustments in oil production, according to the Joint Opec-Non-Opec Ministerial Monitoring Committee (JMMC). ''Opec and Non-Opec producers achiev

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Oil to average $50 to $70 through 2022: report

Brent crude oil prices will average $50 to $70 per barrel (/bbl) through 2022, according to an annual medium-term supply/demand analysis conducted by Bank of America Merrill Lynch (BofAML). While global oil consumption has expande

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Opec to meet one-third of rise in global oil demand

With non-Opec poised to grow again, Opec will need to increase oil output by just 2.2 million barrels per day (b/d) to meet global incremental oil demand of about 5.5 million b/d over the 2017-22 period, added the latest Global Energy Weekly fro

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Opec to meet one-third of rise in global oil demand

With non-Opec poised to grow again, Opec will need to increase oil output by just 2.2 million barrels per day (b/d) to meet global incremental oil demand of about 5.5 million b/d over the 2017-22 period, added the latest Global Energy Weekly fro

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Oil output cut meeting next month in Kuwait

A meeting of the Opec countries and non-cartel countries, parties to the production cut agreement, is due in Kuwait on March 22-23, Russia's Minister of Energy Alexander Novak was quoted as saying by Russian news agency Tass on Saturday.

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Russia to decide on extending output cuts in April-May

Russia will take a decision in April-May if it would extend an agreement on oil production curbs, Tass news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday. "I think that it is still early

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Opec production cut: Genuine boon or flash in the pan?

Will announced cuts in crude production launch an upcycle such as those seen in the 1970s and early 2000s? Or, will the market more closely resemble the lagging prices of the mid-‘80s through the turn of the century? Experts weigh facts an

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GCC jobs ‘set to recover in 2017’

Following a year of massive redundancies caused by the collapse in oil prices, the Gulf region is finally set to witness a stabilisation in job cuts and a moderate rate of new job creation in 2017, a report said. The survey of ove

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Iran's 9-month oil revenues top $29bn

Iran's oil revenues have reached $29 billion in the first nine months of the current Iranian calendar year ending March 20, according to a top official with the Petroleum Ministry. Iran's exports of oil and oil condensates

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Oil surges as Opec members stick to output pledge

Oil futures edged higher on Wednesday, rebounding from the prior day’s sharp selloff on signs that major oil producers are sticking to their pledge to cut output. February West Texas Intermediate crude CLG7  rose 14 cen

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