Gulf Times - Oil-Producers
Oil producers agree to stabilise global market

Oil producers agree to stabilise global market

Members of the Organisation of the Petroleum Exporting Countries (OPEC) and non-members have confirmed their intention to continue work to strengthen the stability of the world oil markets ...

Opec strives for new deal as Iran still wary of output hike

Opec strives for new deal as Iran still wary of output hike

Opec's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand.

Opec, allied producers' pact helps reduce stock overhang: al-Sada

Opec, allied producers' pact helps reduce stock overhang: al-Sada

The 'Declaration of Co-operation' agreement between Opec (Organisation of the Petroleum Exporting Countries) and allied non-Opec countries effective from January 1, 2017, has been very successful, the minister said.

Opec sees evidence of oil market moving to balance

Opec sees evidence of oil market moving to balance

Oil prices have risen in recent months, after both Opec and non-Opec countries struck a landmark deal at the end of last year to cut back production to combat a global oil glut.

Opec winning battle to end oil glut, say ministers

Opec winning battle to end oil glut, say ministers

The Organisation of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8mn barrels per day since the start of 2017, helping lift oil prices by 15% in the past three months.

Saudi says extending oil cuts could help drain stocks

Saudi says extending oil cuts could help drain stocks

Saudi Arabia's energy minister said that extending the current agreement on global oil supply cuts until March next year, and adding one or two small producers to the pact, should be enough to reduce oil inventories.

Oil producers to decide on extension to supply cuts

Oil producers to decide on extension to supply cuts

Opec plans to meet with non-Opec oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year.

Iraq wants oil price around $65 - oil minister

Iraq wants oil price around $65 - oil minister

Iraq is abiding by an agreement among global oil producers to cut production and wants to see an oil price of around $65 a barrel, the country's oil minister said in Abu Dhabi on Thursday.

Investors turn bullish as Qatar index gains 158 points

Investors turn bullish as Qatar index gains 158 points

Qatar Stock Exchange (QSE) was the second best performer among the Gulf bourses, registering robust 158 points gains, during the week.

Oil falls after Qatar meeting disappoints; stocks up

Oil falls after Qatar meeting disappoints; stocks up

Oil prices slumped on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets edged higher.

QSE falls below 10,200 as investors turn cautious

QSE falls below 10,200 as investors turn cautious

Led by mid and small cap equities, Qatar Stock Exchange fell below the 10,200 with investors largely adopting a cautious path as they await outcome from oil producers, which met in Doha to discuss the draft production freeze.

Qatar says mood 'positive' ahead of April 17 oil producers' meet in Doha

Qatar says mood 'positive' ahead of April 17 oil producers' meet in Doha

An agreement to “restore stability” to the global oil market was “imminent” as the growing number of oil producers who have officially confirmed participation in Sunday's oil producers meeting in Doha ...