Gulf Times - oil-output
Opec agrees first output cut since 2008

Opec agrees first output cut since 2008

Opec has agreed its first limit on oil output since 2008, an Opec source told Reuters after Saudi Arabia said it was prepared to accept "a big hit" on production and agree to arch-rival Iran freezing output at pre-sanctions levels.

Opec experts resume talks on oil output cut

Opec experts resume talks on oil output cut

Opec experts discussing how to implement a plan to cut oil output are likely to reach agreement later on Tuesday, a Nigerian delegate said, a possible sign of progress in finalising the group's first supply-limiting deal since 2008.

Opec moves closer to oil output deal

Opec moves closer to oil output deal

Opec is moving closer towards finalising this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said.

Falih urges Opec to cut oil output to low end of target

Falih urges Opec to cut oil output to low end of target

The energy minister of Saudi Arabia said on Thursday he was optimistic about Opec's deal to limit oil output and mentioned the lower end of a previously agreed production target, helping spur a rally in the price of crude.

OPEC oil output hits record on Iraq, Libya boost

OPEC oil output hits record on Iraq, Libya boost

OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil terminals.

QSE stays under bearish spell despite Opec boost

QSE stays under bearish spell despite Opec boost

The Qatar Stock Exchange’s trade turnover and volumes rose substantially, but overall it remained under the bearish spell for the second day on Thursday.

Oil output: Saudis, Iran at loggerheads

Oil output: Saudis, Iran at loggerheads

Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran.

Oil prices rise on Nigerian outages, Goldman forecast

Oil prices rise on Nigerian outages, Goldman forecast

Oil prices jumped over 2% on Monday on growing Nigerian oil output disruptions and Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

Saudis to push oil output higher but won't flood market - sources

Saudis to push oil output higher but won't flood market - sources

Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said.

Oil prices rally as Kuwait revives hope of output deal

Oil prices rally as Kuwait revives hope of output deal

Oil prices rallied after Kuwait said an agreement to freeze output during a producers' meeting this month could still be reached despite conflicting statements by participants.

Opec output rises in March as Iran, Iraq growth offsets outages

Opec output rises in March as Iran, Iraq growth offsets outages

Opec oil output is rising in March, a Reuters survey found, as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and outages in smaller producers.

Managed to increase its oil exports by 500,000 bpd: Iran

Managed to increase its oil exports by 500,000 bpd: Iran

Iran has increased oil exports by 500,000 barrels per day since international sanctions against Tehran were lifted in January, a top official said on Saturday.