Oilfield Magazine

Tag "opec"

Oil prices jump on talk OPEC is ready to deal, but traders are wary of ‘jawboning’

    Oil prices jump on talk OPEC is ready to deal, but traders are wary of ‘jawboning’

NEW YORK — Global oil prices surged as much as 12 per cent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce

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OPEC’s Middle Finger to the Oil Markets

    OPEC’s Middle Finger to the Oil Markets

OPEC’s decision at its semi-annual meeting in Vienna on Friday not to cut production but to legitimize its overproduction shows that the group is determined at any cost to recover

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Opec meeting will celebrate oil price declines – at member countries’ expense

    Opec meeting will celebrate oil price declines – at member countries’ expense

When the Organization of Petroleum Exporting Countries (Opec) meets Friday in Vienna, the cartel will be celebrating a victory of sorts, one that has cost its members dearly. A year

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OPEC Is Ready to Rumble Over Saudi Output — Energy Journal

    OPEC Is Ready to Rumble Over Saudi Output — Energy Journal

Saudi Arabia is facing a showdown over oil output with other members of the Organization of the Petroleum Exporting Countries at its upcoming meeting, Benoit Faucon, Summer Said and Bill Spindle report.

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Iran says does not need Opec permission to increase oil production

    Iran says does not need Opec permission to increase oil production

Dubai: Iran’s oil minister said on Saturday Tehran does not need to seek permission from Opec to increase oil production,

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