Friday 21 July 2017
 
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Oil output

Opec faces three choices: stay, cut or hike output

The Organisation of Petroleum Exporting Countries (Opec) faces three distinct choices: stay, cut, or hike output at the highly anticipated meeting in Vienna on May 25, said Bank of America Merrill Lynch (BofAML) in a new report. F

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Iran plans 3 mbd rise in oil output capacity

Iran has plans to raise its crude oil production capacity by three million barrels per day (mbd), said a top official of the National Iranian Oil Company (NIOC) on Monday. The move is aimed at promoting and stabilizing the country

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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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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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Iran targets oil output from South Yaran by March

Iran will start crude recovery of 10,000 bpd from South Yaran oilfield by March, said a report, quoting the operator of the field's development project. Homayoun Kazemeini added that drilling operations have been completed in

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Opec hopes to keep a floor on oil prices

Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media rep

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Iraq questions Opec method on oil output estimates

Iraq on Wednesday questioned one of the two methods Opec is using to estimate the oil production of its members, signalling the issue could be a problem for the country to join output limits that the group agreed to start implementing this year.

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Iraq set on expanding oil output to gain market share

Iraq is willing to play an active role within Opec to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a v

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Opec deal a tough task, as oil output cut hopes rise

Opec will probably revive talks on freezing oil output levels when it meets non-Opec nations next month as top exporter Saudi Arabia appears to want higher prices, according to Opec sources, although Iran, Iraq and Russia present obstacles to a

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