Sentences with phrase «oil minister says»

NEW YORK, April 23 - Global benchmark Brent crude turned positive on Monday, after dropping earlier after Iran's oil minister said OPEC would not extend its production cap pact if high crude oil prices continued.

Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilize oil markets after the current supply cut deal ends this year, its oil minister said on Saturday.

Iran will officially notify producer group OPEC in December of its plans to raise its crude oil output by 500,000 barrels per day (bpd), the Iranian oil minister said on Saturday.

Kuwait's oil minister said on Thursday it was too early to talk about a strategy to exit the current OPEC and non-OPEC supply cutting pact.

May 11 (UPI)-- There may be certain members of OPEC acting as «tools» for a U.S. government looking to capitalize on shale oil momentum, Iran's oil minister said.

Not exact matches

NEW YORK, April 30 - Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while U.S. stocks fell with declines in healthcare shares.

The comments reflect those made by Saudi Oil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damaOil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damaoil prices could rise to $ 75 without causing economic damage.

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

NEW DELHI, May 1 - India asked Japan on Tuesday to help build infrastructure needed to boost the usage of liquefied natural gas in India and elsewhere in Asia, India's oil minister Dharmendra Pradhan said after a meeting with Japan's trade minister Hiroshige Seko.

Oil steadied on Monday, reversing early losses after Israeli Prime Minister Benjamin Netanyahu said he would make an announcement later in the day about the nuclear deal with Iran.

Iran's oil minister Bijan Zanganeh said there would be no need to extend a pact between the Organization of the Petroleum Exporting Countries...

Nonetheless, Saudi Arabia's economy is still largely predicated on oil and, with oil prices rising on the back of Saudi - led OPEC and non-OPEC producers curbing oil supply, the kingdom's finance minister said he welcomed higher prices but they would not affect spending limits.

CALGARY, Alberta, May 2 - The chief executive of Canada's Suncor Energy Inc said on Wednesday he expected Prime Minister Justin Trudeau to move in the «next few weeks» to ensure that Kinder Morgan Canada's Trans Mountain oil pipeline expansion goes ahead.

«We are climbing very, very slowly out of a very tough period for the industry,» said BP Plc CEO Bob Dudley.Less predictive were ministers betting on a quicker recovery for oil and the wider energy industry.

Oil prices rose on Monday, bouncing off early losses after Israeli Prime Minister Benjamin Netanyahu said Israel had proof that «Iran lied» about its nuclear capabilities, and that he was sure US President Donald Trump would do «the right thing» in reviewing the country's nuclear deal with western powers.

(New throughout, updates prices, market activity and comments) NEW YORK, April 30 (Reuters)- Oil prices rose on Monday, bouncing off early losses as Israeli Prime Minister Benjamin Netanyahu said Israel had proof that «Iran lied» about its nuclear weapons capability, and that he was sure U.S. President Donald Trump would do «the right thing» in reviewing the country's nuclear deal with western powers.

But compliance by OPEC and non-OPEC together is expected to rise in March from February's level of 94 percent, Kuwaiti Oil Minister Essam al - Marzouq said on Monday.

KUWAIT, Jan 17 - Kuwait's oil minister Bakhit al - Rashidi said on Wednesday there is no plan or intention so far to exit from a production - cutting agreement among OPEC and non - OPEC oil producers.

Saudi Energy Minister Khalid Al - Falih has said it would be a risk to list in New York because of liabilities and litigation, including the climate change lawsuits against other oil companies by New York City.

Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019.

Several oil ministers have said it's too early to discuss an exit strategy for the deal.

NEW YORK, April 30 - Oil prices rallied on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while global stock indexes dipped with the S&P 500 led down by losses in technology.

Environment Minister Iain Rankin said Friday that regulations are being developed that would make participation mandatory for about 20 large industrial emitters including Nova Scotia Power, Northern Pulp, Lafarge, and large oil and gasoline companies such as ExxonMobil, Imperial and Irving.

Environment Minister George Heyman said the province believes it has the right to protect B.C.'s environment and economy from an oil products spill.

Malaysia's economy and currency are suffering from «an almost perfect storm» due to an outflow of funds from emerging markets, low oil prices and China's slowdown, the country's economic planning minister said on Tuesday.

At the World Economic Forum in Davos, Nigeria's oil minister Emmanuel Kachikwu said that he expects oil to rise to $ 40 by the end of the year.

Oil prices rallied after Israeli Prime Minister Benjamin Netanyahu said Iran had lied about not pursuing nuclear weapons after signing a 2015 deal with global powers.

Related: No OPEC Cut Needed, Says Saudi Oil Minister

After the call, Rouhani and oil minister Bijan Zanganeh went to their supreme leader for approval, a source close to the Ayatollah said.

Oil prices rallied after Israeli Prime Minister Benjamin Netanyahu said that Iran had lied about not pursuing nuclear weapons and had continued to preserve and expand its nuclear weapons knowledge after signing a 2015 deal with global powers.

Iran's oil minister Bijan Zanganeh said that compliance with the OPEC deal thus far «has been acceptable overall,» but he said that «some changes are needed,» according to SHANA, the Iranian oil ministry's news agency.

Saudi Foreign Minister Adel al - Jubeir said on Sunday that Iran must change its «behaviour» towards his country if it wants normal ties with the oil - rich Sunni kingdom.

«The sentiment generally is optimistic and positive,» Saudi Arabia's Oil Minister Khalid al - Falih said before the final meeting on Wednesday.

«Speaking to members of the Scottish Parliament in Edinburgh, the Scottish Environment Minister Paul Wheelhouse said the ban should be extended «indefinitely» and that «the Scottish government will not support the development of unconventional oil and gas in Scotland.»

Russian Energy Minister Alexander Novak is on board saying that Russia was committed to a deal on cutting oil supplies until the end of 2018, no matter what.

Iran's oil minister, Bijan Namdar Zanganeh, says it intends to resume production almost immediately to 500,000 barrels per day, and could double that output «after a short while.»

All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al - Mazrouei said on Monday.

In his year - end interviews, and in the final days of the fall sitting of the House of Commons, Prime Minister Stephen Harper said it would be crazy to impose additional costs on Canada's oil and gas sector in a time of low prices if the U.S. was not enacting similar carbon emission policies.

Crude oil prices jumped a percent today on comments from Saudi Arabia's Energy Minister Khalid al - Falih, who said he expected the OPEC + production cut deal would be extended into next Continue Reading

Russian Energy Minister Alexander Novak said on Monday it was too early to consider exiting the global oil output deal and that any withdrawal from the agreement should be done Continue Reading

Russia is considering a wide range of scenarios on what to do with a multilateral effort to balance the global oil market, its energy minister said.

Oil prices erased early losses to rise on Thursday afternoon after Algeria's Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi - Russian proposal for an extension of the production cuts until March 2018.

The energy minister for the UAE, Suhail Mohammed al Mazrouei, said OPEC produce 30.4 million barrels of crude oil a day which is a «little above the organization's target, and this reflects the demand on its crude».

Moscow wants to get rid of dollar & euro payments in oil trade with Turkey and Iran © Friso Gentsch / Global Look Press Russian Energy Minister Aleksandr Novak said...

Speaking on Wednesday, the official said: «Given the remarks voiced by oil and energy minister of OPEC member states, it is apparent that there is an agreement between members of the organization to extend the body's output cut plan.»

The landmark was reached for just a day, in the current Iranian month that began Feb. 19, said the Iranian Oil Minister Bijan Namdar Zanganeh, according to state news agency IRNA, reports Bloomberg.

Iraq's Deputy Prime Minister for Energy Hussain al - Shahristani said in a televised interview late on Wednesday that the Kurds had agreed to export through SOMO, which would have removed a major sticking point between them over oil exports.

Iran's current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursdoil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on ThursdOil Minister Bijan Zanganeh was quoted as saying on Thursday.

Iraq, which produced 4.47 million bpd in January, well above its quota of 4.35 million bpd, is capable of raising its output to 5 million bpd in the second half of this year, said Iraq's Minister of Oil, Jabbar Ali Al - Luiebi.

The shakeup in Saudi Arabia «s cabinet this weekend that brought Ali al - Naimi's 20 - year tenure as oil minister to an end is another sign the kingdom is prepared to flex its muscles in the Middle East, Again Capital founding partner John Kilduff said Monday.