Sentences with phrase «oil production cuts»

The crude oil production cut deal that OPEC, Russia, and several other producers agreed to late last year could get yet another extension.

For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two - year slump, one of the worst in living memory.

Russia could pull out of the OPEC oil production cut deal before the end of 2018 — or right after — as it has no obligation to stick with it, Iran's Energy Minister, Bijan Continue Reading

OMR: Half time Halfway through six - months of oil production cuts, the game has gone fairly well for producers 13 April 2017

At the moment, Russia and OPEC are signing agreements on oil production cuts on a yearly basis.

In late 2016 OPEC engineered significant oil production cuts in order to address an oversupplied oil market.

Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC + oil production cut deal two years ago when it was first being hatched.

Despite the ongoing oil production cuts across OPEC, Kuwait has announced plans to expand its oil and oil product tanker fleet twofold over the next 20 years to 60 vessels, Continue Reading

Of course, OPEC now is entering month number 16 of their crude oil production cuts and that certainly has a big hand in what we «re seeing at the pump.

Last month, Aramco announced it would cut its Arab Light shipments to Asia in September by at least 520,000 bpd in line with its commitments under the OPEC oil production cut deal.

One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $ 46 on rising pessimism that an oil production cut deal, taken widely for granted as recently as last week, is going to take place.

While the continuing Russia - OPEC discussions are dominating headlines, with a focus on a possible extension of the oil production cut agreement into 2019, the market is far from stable.

The oil production cuts and healthy oil demand growth have helped the global inventory surplus to nearly vanish and it certainly looks very much like OPEC and allies have a Continue Reading

OPEC and allies will keep the oil production cuts through the end of 2018, and will discuss at their June meeting whether to extend those cuts further, Kuwait's Oil Minister Continue Reading

Energy Markets: Venezuela's oil production cuts have exceeded those of Saudi Arabia.

In the inaugural episode of our OPEC Outlook podcast, we discuss what to watch for when oil producer group's ministers meet on May 25 with their non-OPEC counterparts to review their oil production cut agreement.

For the first time since 2008, OPEC has agreed to a crude oil production cut, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two - year slump.

Now, we have oil production cuts being implemented by OPEC.

In May, OPEC announced that oil production cuts will be extended till March 2018.