Post Tagged with: "Production freeze"

OPEC Talks Up Prices, But Oil Production Continues to Overflow

OPEC Talks Up Prices, But Oil Production Continues to Overflow

OPEC using the last arrows in its quiver to try to move oil prices: words

Prior to November 2014, OPEC acted as the swing producer, raising or lowering production in order to send prices one way or another. Since making …

Russia May Increase Production 100 MBOPD this Year

Russia May Increase Production 100 MBOPD this Year

After failure to reach production freeze producers are ready to increase exports

Had a production freeze agreement been reached among OPEC and non-OPEC producers last Sunday, it would have marked the first time in 15 years that Russia cooperated with …

Doha City, Qatar 2009

Oil Prices Climb Back toward $40 after Disagreement in Doha

Freeze agreement falls apart without Iran

Discussion between key OPEC and non-OPEC producers about freezing production at January levels has pushed oil prices up from below $30 per barrel to more than $40 ahead of yesterday’s fruitless meeting in Doha, …

U.S. Oil Production Dips Under 9 MMBOPD for the First Time Since 2014

U.S. Oil Production Dips Under 9 MMBOPD for the First Time Since 2014

U.S. crude inventory build was big, but oil prices remain above $40 per barrel

Crude oil inventories grew by 6.6 million barrels, far surpassing economist estimates which averaged just 733 thousand barrels for the week ended April 8, 2016. The …

OPEC Report Shows Member Production Up Ahead of Doha Meeting

OPEC Report Shows Member Production Up Ahead of Doha Meeting

Increased production in Iran and Iraq continue pushing OPEC production higher

In OPEC’s April Monthly Oil Market Report, secondary sources showed production for the group rose from February to March. Total OPEC production was up 14.9 MBOPD due to increased …

OPEC: Too Close to Call - Oil & Gas 360

Oil Prices Fade with Hopes of OPEC Production Freeze

Saudi Arabia says it will only agree to freeze production if joined by Iran

Oil prices slid last Friday and continued to trend downward today following news that Saudi Arabia will only freeze its production if fellow OPEC member and …

Source: Sweetcrudereport.com

Oil Dips to $38 as the Market Waits for Actions, not Words

Words pushed prices higher, but for how long

Oil prices have staged a recovery over the last few weeks as members of OPEC and other large producers like Russia discuss the possibility of a production freeze. News that the world’s …

Production Freeze is “Meaningless” – IEA

Production Freeze is “Meaningless” – IEA

Countries agreeing to freeze have little capacity to add

Oil prices have recovered over the past weeks as news about a coordinated production freeze between OPEC and non-OPEC members has given the commodity a more stable footing in the market. …

Oil Prices Up as 15 OPEC and Non-OPEC Members Agree to April Meeting

Oil Prices Up as 15 OPEC and Non-OPEC Members Agree to April Meeting

15-country group represents 73% of global production

Fifteen countries confirmed that they will participate in a meeting April 17, set to be held in Doha, Qatar, in order to discuss a production freeze. The group, made up of both OPEC …

Source: theiet.org

Oil Prices Fall from Three-Month High As Iran Oil Production Ramps Up

Iran will not freeze production below 4 MMBOP – Iranian Oil Minister

Crude oil prices took a steep fall this morning as hopes that OPEC might curb production in order to reach a $50 per barrel price floor were diminished …

OPEC: Too Close to Call - Oil & Gas 360

OPEC Member Sees Group-Wide Freeze and $50 Oil on the Horizon

Nigeria’s oil minister sees OPEC production freeze as likely, says Saudis are pushing for it

A wider production freeze inside of OPEC could be close at hand, Nigerian Oil Minister Emmanuel Ibe Kachikwu said during an interview with CNBC. …

Source: theiet.org

Iran Supports a Production Freeze, But Will Not Join

Members may offer Iran special terms

The world’s two largest crude oil producers, Russia and Saudi Arabia, announced that they would freeze their production at January levels along with several other OPEC members in an attempt to stabilize crude oil …

Four OPEC, Non-OPEC Producers Agree to a Production Freeze

Four OPEC, Non-OPEC Producers Agree to a Production Freeze

Markets unsatisfied with deal to maintain production

The first signs of cooperation between OPEC and non-OPEC countries on crude oil production emerged today in the form of a deal between Russia and three OPEC members, including the group’s largest producer, …