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OPEC is said to debate output hike of 300,000 to 600,000 B/D
18 Jun 2018
OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks.
Saudi energy minister sees need for a global oil alliance
22 Jan 2018
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signalled their readiness to cooperate beyond that.
Nigeria's Kachikwu on oil, OPEC cuts, prices
30 Nov 2017
Nigeria Petroleum Minister Emmanuel Kachikwu discusses the possibility of a 9-month extension for OPEC, the hardest part of the discussions, Nigeria's contribution to the production cut and his outlook for prices.
OPEC's battle with U.S. shale nears day of reckoning
28 Nov 2017
The clash between OPEC and America’s oil industry is reaching a day of reckoning.
OPEC: No decision till January
25 Sep 2017
OPEC and Non-OPEC members met on Friday and concluded that oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter.
Nigeria confirms ready to cut oil output
25 Jul 2017
One of the news flows from today's OPEC meeting in Russia is that Nigeria has voluntarily committed to limit its oil output at 1.8 million barrels per day.
Nigeria signals willingness to cap oil production
13 Jul 2017
Nigeria signalled its willingness to cap its oil production to support OPEC’s efforts to ease a global supply glut.
UAE energy minister: OPEC to do 'what it takes'
24 May 2017
United Arab Emirates Energy Minister Suhail Al-Mazrouei speaks with Bloomberg's Manus Cranny about support among OPEC nations to extend oil production cuts and stabilise the global oil market.
OPEC Chief sees oil producers near to re-balancing market
19 Apr 2017
OPEC Secretary-General Mohammad Barkindo discusses the state of oil markets and possible actions from the organisation.
U.S. Oil stockpiles increase to 520.2 Million barrels
2 Mar 2017
Oil is mired in its longest losing streak in two months as record-high U.S. crude stockpiles cast doubt on OPEC’s efforts to drain a global surplus.
Citigroup's morse sees a need to extend OPEC deal
23 Feb 2017
Ed Morse, global head of commodities research at Citigroup, examines Mexican oil production, U.S. energy policy, and the impact of OPEC's output cut.
Saudi Arabia Cut Output by 718,000 Barrels a Day in January
14 Feb 2017
Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets.