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OPEC

China's soft crude oil imports show impact of high prices: Report

China's soft crude oil imports show impact of high prices: Report

Thu, Dec 07, 2023

China was supposed to be the driving force behind global oil demand growth this year.

OPEC+ agrees to deepen voluntary oil output cuts

OPEC+ agrees to deepen voluntary oil output cuts

Fri, Dec 01, 2023

OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.

Oil prices tick higher on OPEC demand optimism

Oil prices tick higher on OPEC demand optimism

Fri, Aug 11, 2023

Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth.

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In mammoth task, BP sends almost 3 million barrels of US oil to Asia

In mammoth task, BP sends almost 3 million barrels of US oil to Asia

Wed, Dec 07, 2016

Oil major BP is shipping almost 3 million barrels of US crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts.

IMF releases another $618 million loan installment for Iraq

IMF releases another $618 million loan installment for Iraq

Tue, Dec 06, 2016

The IMF on Monday announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight against the Islamic State group.

OPEC debates oil cuts amid deep disagreement

OPEC debates oil cuts amid deep disagreement

Wed, Nov 30, 2016

OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.

India's crude oil imports from Iran rise 336% in October

India's crude oil imports from Iran rise 336% in October

Wed, Nov 30, 2016

India's imports of crude oil from Iran have risen 336% in October this year as the producer continued to recoup market share lost under sanctions, Reuters reported on Wednesday citing a data released by the International Energy Agency (IEA).

Oil markets jittery ahead of OPEC meeting later in day

Oil markets jittery ahead of OPEC meeting later in day

Wed, Nov 30, 2016

Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.

Asia stocks edge up on US growth data cues; dollar steady

Asia stocks edge up on US growth data cues; dollar steady

Wed, Nov 30, 2016

Asian stocks edged higher on Wednesday reflecting upbeat US growth news while oil steadied after a sharp drop overnight as Organisation of Petroleum Exporting Countries (OPEC) struggled to agree on a glut-draining production cut.

Putin, Iran's Rouhani back OPEC bid to stabilise oil prices

Putin, Iran's Rouhani back OPEC bid to stabilise oil prices

Tue, Nov 29, 2016

Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani on Monday expressed support for OPEC`s plans to limit the cartel`s output ahead of a crucial meeting this week.

Dollar steadies with bonds, oil anxious about OPEC

Dollar steadies with bonds, oil anxious about OPEC

Tue, Nov 29, 2016

The US dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.

Dollar, US bond yields drop as oil tumbles on output cut doubts

Dollar, US bond yields drop as oil tumbles on output cut doubts

Mon, Nov 28, 2016

The dollar and US bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the US elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.

Oil prices fall further in Asia, yen gains hit Tokyo

Oil prices fall further in Asia, yen gains hit Tokyo

Mon, Nov 28, 2016

Oil prices sank further in Asian trade on Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge.

Saudi oil minister says OPEC production cut 'imperative'

Saudi oil minister says OPEC production cut 'imperative'

Sun, Nov 13, 2016

"In this period marked by unstable oil prices it is imperative to reach a consensus between OPEC nations and to agree on an effective mechanism and precise figures to activate the historic Algiers accord," Faleh was quoted as saying by Algeria`s APS news agency.

Asian shares, dollar ride high as Hillary Clinton looks more likely to win election

Asian shares, dollar ride high as Hillary Clinton looks more likely to win election

Tue, Nov 08, 2016

Asian shares rose in early Asian trade on Tuesday ahead of the US presidential election, with investor sentiment buoyed by improving prospects for Democrat Hillary Clinton to win.

Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Sun, Nov 06, 2016

Oil income contributed around 95 percent of public revenues in those years. During the past two years, oil has lost around 60 percent of its value.

WATCH: Top headlines this afternoon; From rise in gold prices by Rs 100 to jewellery sales clocking up to 20% growth on Dhanteras

WATCH: Top headlines this afternoon; From rise in gold prices by Rs 100 to jewellery sales clocking up to 20% growth on Dhanteras

Tue, Nov 01, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top headlines this afternoon: * Gold up by Rs 100 & silver Rs 200 on strong global market

Asia stocks wallow at six-week lows, China PMIs in focus; oil down

Asia stocks wallow at six-week lows, China PMIs in focus; oil down

Tue, Nov 01, 2016

Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts.

Oil falls as non-OPEC yet to pledge concrete output steps

Oil falls as non-OPEC yet to pledge concrete output steps

Mon, Oct 31, 2016

Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil rises on reported US crude inventory draw, expected OPEC cut

Wed, Oct 19, 2016

Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.

Oil edges up as analysts say market could be closer to balance than expected

Oil edges up as analysts say market could be closer to balance than expected

Tue, Oct 18, 2016

Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.

India's Sept Iran oil imports fall 4.1% on Aug, says shipping data

India's Sept Iran oil imports fall 4.1% on Aug, says shipping data

Wed, Oct 12, 2016

India's purchases of Iranian oil fell 4.1% in September, slipping from August when imports from Tehran hit their highest in at least 15 years, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.

Crude oil edges up before producer talks on output curbs

Crude oil edges up before producer talks on output curbs

Wed, Oct 12, 2016

Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.

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