Gulf Times - output-freeze
Iran says not ready for oil output freeze

Iran says not ready for oil output freeze

Iran is not ready to agree to an oil output freeze in Algiers, its Oil Minister Bijan Zanganeh said Tuesday on the eve of an informal OPEC meeting in Algeria's capital.

Oil extends recovery as Kuwait strike enters third day

Oil extends recovery as Kuwait strike enters third day

Oil prices recovered further on Tuesday as a strike by Kuwaiti petroleum workers entered its third day, offsetting downward pressure from a failure by producers to freeze output.

Qatar shares edge up to cross 10,200 on buy support

Qatar shares edge up to cross 10,200 on buy support

Notwithstanding a stalemate at the producers’ meet to discuss the output freeze, the Qatar Stock Exchange on Monday gained 42 points to surpass the 10,200 mark.

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.

Strike by Kuwait oil workers slashes output

Strike by Kuwait oil workers slashes output

Thousands of Kuwait's oil workers began an open-ended strike on Sunday in protest at plans to cut their wages, action which saw the emirate's crude production plunge.

Opec, Russia oil output freeze deal may be ‘meaningless’

Opec, Russia oil output freeze deal may be ‘meaningless’

A deal among some Opec producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ability to increase output, a senior IEA executive said.

Qatar says Iran invited to talks on oil output freeze

Qatar says Iran invited to talks on oil output freeze

Qatar said on Tuesday that it has invited Iran to join talks among the world's top oil producers next month on implementing a proposed output freeze to stabilise plummeting prices.