OPEC
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Oil producers inside and outside the OPEC cartel to extend their deal from late 2016 curbing output
May 23, 2017News Hour: Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however is... -
Oil price rose towards $56 a barrel supported by another shutdown at Libya’s largest oilfield
Apr 10, 2017News Hour: Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC-led supply cut is helping to... -
OPEC compliance with oil output reductions exceeded the target
Mar 9, 2017News Hour: OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister Essam al-Marzouk, head of a committee overseeing the decreases, said on Wednesday. Non-OPEC compliance, however, has... -
Global oil prices fell 1 pct on Tuesday
Feb 28, 2017News Hour: Global oil prices fell 1 pct on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. U.S. crude stockpiles have... -
Oil prices rose about $1 on Friday
Feb 10, 2017News Hour: Oil prices rose about $1 on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that came into force in January. Supply... -
Oil slipped further below $57 barrel
Feb 6, 2017News Hour: Oil slipped further below $57 barrel on Monday as a stronger dollar and ample U.S. supplies outweighed OPEC output curbs and rising tensions between the United States and Iran. The dollar fell 0.3 percent... -
Oil prices edged higher on Friday as output cuts by OPEC
Jan 6, 2017News Hour: Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply. Brent... -
Oil prices shot up by 4 percent to their highest level since 2015
Dec 12, 2016News Hour: Oil prices shot up by 4 percent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their first deal since 2001 to jointly reduce output... -
OPEC to create incentives for American shale producers to boost output
Dec 3, 2016News Hour: With this week’s deal to cut output, OPEC is creating incentives for American shale producers to boost output just as the incoming Trump administration vows measures to promote US oil development. The deal, announced... -
Oil eased in Asian trade after OPEC’s decision
Dec 1, 2016News Hour: Oil eased in Asian trade on Thursday, taking a breather after soaring nearly 10 percent on the wings of OPEC’s decision to carry out its first output cut in eight years. The Organization of...