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Tag: Output

OPEC+ seen heading for oil policy rollover

OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some...

Oil rises as tight supply trumps recession fears

Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of demand-sapping global...

Oil up almost 3 percent as OPEC agrees to raise output

Oil prices rose almost 3 percent as OPEC agreed a modest increase in output.

Russia, Saudi Arabia push for big hike in oil output despite Iran opposition

VIENNA/MOSCOW: Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover...

Jaguar Land Rover to cut output and jobs due to Brexit, diesel slump: source

LONDON: Britain’s biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to a fall...

Saudi Arabian oil minister hopes OPEC, allies can ease output curbs in 2019

NEW DELHI: Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to...

OPEC output cut may hasten oil market rebalance: IEA

SINGAPORE: The oversupplied oil market will be rebalanced earlier than expected if major crude producers implement a deal to cap output when they meet...

Oil prices fall after Iran says it won’t freeze output

SINGAPORE CITY: Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major producers.

Oil prices extend losses as output freeze hopes fade

SINGAPORE: Oil prices tumbled further in Asia Tuesday on dwindling hopes that key producers will reach an agreement to freeze output when they meet this month to discuss a global supply glut.

Oil bosses upbeat on market rebound

LONDON: Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year.

Oil prices resume slide in Asia

SINGAPORE: Oil prices resumed their slide in Asia Wednesday as long-running concerns over the saturated market overshadowed talk of possible coordination between some major producers to slash output.

Tackling poverty, unemployment in Nigeria with tomatoes

KANO: It's a situation that mirrors the giant oil industry, where Nigeria has abundant resources but has lacked the capacity, will or ability to exploit it, forcing a reliance on imports.

World economic leaders tackle slow growth, climate change

LIMA, PERU: Kick-starting the sluggish global economy and funding the climate change fight top the agenda this week as finance ministers and central bank chiefs from around the world gather in Peru.

Iran says OPEC unlikely to change output ceiling: Mehr news agency

TEHRAN: OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency.

Oil prices mixed in Asian trade

SINGAPORE: Crude prices were mixed in Asia Friday, after the US Senate approved a bill to build an oil pipeline from Canada to refineries in the US Gulf Coast, adding to concerns over a supply glut.

No 'significant' change in Saudi oil policy after king's death: IEA

DAVOS, SWITZERLAND: The chief economist of the International Energy Agency said Friday there would be no "significant" changes to Saudi oil policy following the death of King Abdullah.

Oil prices dip further in Asian trade

SINGAPORE: Oil prices on Tuesday slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an oversupply.

Oil rebounds in volatile year-end trade

SINGAPORE: Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted increased volatility and no end in sight this year to tumbling prices. 

Oil prices hit multi-year lows as OPEC decision weighs

SINGAPORE: Oil tumbled to new multi-year lows in Asia on Monday, extending a sharp sell-off last week in response to OPEC's decision to maintain output despite a supply glut and plunging prices. 

Iran: OPEC decision not good for all members but won't protest

DUBAI: OPEC's decision to retain its production ceiling is not beneficial to all OPEC member states, but Iran has refrained from protesting to maintain group solidarity, Iranian oil ministry news agency Shana reported the oil minister as saying.
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