Category: Middle East

What OPEC’s Thanksgiving meeting means for U.S. producers

The group will decide Thursday whether to maintain its current production quota of 30 million barrels of oil per day or reduce that figure in an effort to boost crude oil prices.  More »

OPEC timeline: War, terror punctuate annual Vienna meetings

The Organization of Petroleum Exporting Countries has had a tumultuous 54-year history.  More »

Russian oil-output cuts to support OPEC seen as unlikely

Brent crude oil futures rose as much as 0.8 percent to $80.30 a barrel in London trading Tuesday.  More »

Tanker dispute lingers as oil policy negotiations begin in Iraq

As Iraq irons out some of its oil policy differences at home with the Kurdistsan Regional Government, the two remain locked in a dispute in U.S. courts over a tanker of crude that arrived nearly four months ago off Galveston’s coast carrying cargo Iraq claims was stolen.  More »

Iran may propose million-barrel daily OPEC cut in Saudi talks

Bijan Namdar Zanganeh and Saudi Arabia’s Oil Minister Ali Al-Naimi will talk on the sidelines of the OPEC meeting in Vienna.  More »

Russia considers joining OPEC oil output cuts in 2015

The world’s biggest crude oil producer may agree to reduce output by 15 million tons in return for tens of millions in OPEC reductions.  More »

Iran vows to guard oil-market share as OPEC to review output

Iran’s crude output has languished under international economic sanctions that deter foreign energy investors and limit its exports to approximately 1 million barrels a day.  More »

Noble, partners eye $2 billion upgrade to Israel gas field

The disclosures were made in a report Thursday to the Tel Aviv Stock Exchange.  More »

Oil falls as investors speculate on OPEC production cut

“There’s an established bearish trend and nothing out there to stand in the way of a further move lower,” Tim Evans, an energy analyst at Citi Futures Perspective.  More »

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »

Oil slide prompts Iran’s oil minister to visit UAE

OPEC producers have stepped up their diplomatic visits before the group’s meeting in Vienna, potentially seeking a consensus on how to react to oil prices at a four-year low.  More »

Iraq wants tanker dispute to stay in U.S.

Iraq wants an international dispute over a tanker of crude floating for three months off Galveston’s coast to remain in U.S. courts because Kurdistan refuses to resolve the matter on Iraqi soil, according to recent court filings.  More »

Brent extends drop below $80 as OPEC seen resisting cuts

Oil sank into a bear market as leading OPEC members resisted calls to cut production and instead reduced export prices to the U.S.  More »

Saudis reject talk of OPEC market share war as oil slides

Brent crude futures plunged below $80 yesterday for the first time since September 2010 on concern OPEC is in no hurry to halt a four-month slide in prices.  More »

Saudi Arabia leads OPEC cuts before meeting

Brent crude futures, used to price more than half the world’s oil, traded near a four-year low Wednesday on speculation that OPEC’s biggest members will refrain from paring output to drain a global surplus.  More »
Page 1 of 3012345...102030...Last »