Friday 29 April 2016
 
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Oil output

IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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Russia says door not closed for oil output freeze

Russia's oil minister Alexander Novak said on Sunday the country was not closing the door on a global deal to freeze output levels although he was disappointed that no decision had been taken. A deal to freeze oil output by Op

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Doha oil producers meeting ends without a deal

A deal to freeze oil output by Opec and non-Opec producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive

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Kuwait cuts oil output; exports unaffected by strike

Kuwait Oil Company (KOC) said on Sunday it had lowered crude output to 1.1 million barrels per day crude (bpd) under a plan to cope with a strike by oil workers, down from its normal production of about three million bpd. In a pos

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Draft Doha agreement would freeze output until October

A draft agreement among oil producers meeting on Sunday in Doha, Qatar says average daily crude oil production in each month would not exceed the level recorded in January this year, according to a copy of the draft seen by Reuters.

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Iran sees 4 mbpd oil output by March 2017

Iranian Oil Minister Bijan Namdar Zanganeh said the country's crude output would reach four million barrels per day (bpd) by March 2017, state television reported on Wednesday. "In the annual budget, the amount of oil exp

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Oil below $37 as record US inventories overshadow freeze plan

Oil fell further below $37 a barrel on Wednesday as US crude stockpiles rose to a new record, underlining the extent of a supply glut and countering support from producer efforts to tackle it. Crude inventories rose by 10.4 millio

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Oil output freeze talks should end by March 1: Russia

Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1 after a group led by Russia and Saudi Arabia reached a common position this week in Doha, Russia's energy minister said.

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Oil output freeze talks should end by March 1: Russia

Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1 after a group led by Russia and Saudi Arabia reached a common position this week in Doha, Russia's energy minister said.

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