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OPEC to discuss production cut in November

Kuwait's oil minister says OPEC will in November discuss extending or terminating production cuts.

U.S. oil stocks falling more than expected due to OPEC cuts - Kuwait

LONDON (Reuters) - U.S. crude inventories are falling more than expected in a sign of the success of OPEC and non-OPEC production cuts, Kuwait's oil minister Essam al-Marzouq told CNBC Arabia on..
Reuters India Also reported by •Sify

Videos for "Opec Production"

News video: BNP Paribas’ Morris Skeptical of OPEC Production Cuts

BNP Paribas’ Morris Skeptical of OPEC Production Cuts 01:58

Aug.11 -- Daniel Morris, senior investment strategist at BNP Paribas Asset Management, discusses demand for oil and OPEC production cuts. He speaks with Tom Keene on "Bloomberg Surveillance."
Source: Bloomberg Global Business -

News video: Barclays' Cohen Seeks OPEC Reassurance on Market Balance

Barclays' Cohen Seeks OPEC Reassurance on Market Balance 02:20

Aug.07 -- Michael Cohen, head of energy commodities research at Barclays Bank Plc, examines compliance with OPEC's production cut agreement and what needs he wants to hear from the current meeting in..
Source: Bloomberg Global Business -

News video: UAE Minister Sees Lower Oil Stockpiles Next Quarter

UAE Minister Sees Lower Oil Stockpiles Next Quarter 02:20

Jul.24 -- United Arab Emirates Energy Minister Suhail Mohammed Al Mazrouei discusses the impact of OPEC production cuts and the outlook for market recovery. He speaks with Bloomberg's Francine Lacqua..
Source: Bloomberg Global Business -

News video: BNP Strategist Says Market Not Buying OPEC Optimism

BNP Strategist Says Market Not Buying OPEC Optimism 02:09

Jul.12 -- Steven DeSanctis, equity strategist at Jefferies, and Stewart Warther, U.S. equity and derivatives strategist at BNP Paribas, discuss energy market reaction to OPEC production cuts. They..
Source: Bloomberg Technology -

News video: OPEC Decision

OPEC Decision

The Organization of Petroleum Exporting Countries announced today that it would extend oil production cuts for another 9 months beginning in July.
Source: KXMB -


Forget Oil Prices, Oil Majors Are A Buy

Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields, say analysts. ..

OPEC Rebel Ecuador To Cap Oil Output 20,000 BPD Higher

One month after abandoning the OPEC production cut deal and shaking the alliance, Ecuador said this week that it was planning to cap its crude oil production at the current level of 541,000 bpd so as..

The Single Biggest Bullish Catalyst For Oil

Authored by Nick Cunningham via OilPrice.com, One of the key objectives for OPEC is to bring down inventories, a goal that has been elusive this year. *But if the oil futures curve is anything to go..
Zero Hedge

Crude Oil Drifting Lower By The Day

WASHINGTON (dpa-AFX) - Crude oil futures continued to fall Thursday amid doubts that OPEC will limit production in accordance with its supply quota plan.Production from the cartel has risen instea...

Tethys Oil AB: Second quarter and half year report - 30 June 2017

- *Second quarter 2017 (first quarter 2017)* - - ·          *Production amounted to 12,477 bopd (12,495 bopd)* - - ·          *Revenue of MUSD 31.4 (MUSD 29.3)* - -..

Is OPEC Counting Too Much On Venezuela Sanctions?

The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after a brief week-long rally. The report..

US Crude Production At Cycle Highs As Rig Count Stabilizes; Desperate Saudis Jawbone Deeper Cuts To Come

us crude production at cycle highs as rig count stabilizes; desperate saudis jawbone deeper cuts to come
A tough week for crude oil, which tumbled after algos tagged $50 stops yesterday following the biggest gasoline inventory build in 7 months. While the US oil rig count has stopped rising in the last..
Zero Hedge

Saudi Arabia: Deeper Cuts Are Still On The Table

OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-Falih told..

Global Market Rout Spreads Amid N.Korea Fears: China Stocks, Currency Plunge

global market rout spreads amid n.korea fears: china stocks, currency plunge
The global rout resulting from tensions over the North Korean nuclear standoff continued on Friday following a third day of escalating verbal exchanges between Trump and Kim, with European and Asian..
Zero Hedge

Strong oil demand growth helping market rebalance: IEA

(MENAFN - Gulf Times) * Weaker Opec compliance with cuts, Libya output buoy supply * Non-Opec production to grow strongly in 2017-2018 * IEA says stocks draw could slow after h...

Tech Wrecks, Credit Crashes, & VIX Goes Vertical - "Probably Nothing"

tech wrecks, credit crashes, & vix goes vertical - probably nothing
"Pause that refreshes" Well that escalated quickly... From the open on Tuesday, the "fire and fury" dump, the ubiquitous BTFD ramp dead cat bounce... and today's flush... *"Not Off The..
Zero Hedge

OPEC Deal In Jeopardy As Exempted Nations Boost Output

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through July 2017 and is in thousand barrels per day. (Click to enlarge)The above chart does not include the 14th..

Crude Oil Tumbles As OPEC Deal Flops

WASHINGTON (dpa-AFX) - Crude oil futures fell Thursday after OPEC admitted its production rose in July despite a supply quota agreement with Russia.The cartel pumped oil at a relatively robust pac...

Oil Glut Endures As OPEC Confirms Higher Output

OPEC confirmed reports that its crude oil production increase last month, reporting a daily rate of 32.869 million barrels, up by 172,600 bpd. Global commercial oil stocks in the OECD block stood at..

Crude Oil Marches Toward $50 Despite OPEC

WASHINGTON (dpa-AFX) - U.S. crude oil futures continued to rise Thursday despite news that OPEC production rose last month in defiance of their supply quota agreement with Russia.Organization of t...

OPEC production rises again to above its output ceiling

VIENNA (AP) " Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed would be the upper limit " and above the estimated level of global..
New Zealand Herald Also reported by •Seattle TimesFOXNews.com

Opec production rises for third consecutive month

Concerns heightened that recent oil price rally may lose steam

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