OPEC: 50% Compliance To Output Deal Is 'Enough' - OilPrice.com

Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signaled that it had cut more than pledged, the cartel itself does not see more than 80 percent compliance, and thinks it would be “acceptable” even if it were to deliver just 50 ...

Energy companies are about ready to loosen the purse strings - MarketWatch

The lean years are unlikely to be over for energy companies amid rising crude-oil inventories and global uncertainty, but the industry is expected to start spending again after years of belt-cinching. OPEC and other major players have agreed to cut ...

Oil's month-long rally falters as output cut proof awaited - The Australian Financial Review

While oil has advanced since the deal among members of the OPEC and 11 other nations to temper global supply, it has been unable to sustain its rally above $US55. Desmond Boylan. by Jessica Summers and Bailey Lipschultz. Oil is poised for its first ...

Oil futures lose 3% for the week on doubts over OPEC output deal - MarketWatch

Oil futures settled with a losses on Friday to tally a weekly decline of 3% as traders expressed doubts over compliance with the output-cut agreement, despite reports that major producers have started to comply. Created with Highstock 2.0.1 Time New ...

Oil falls on China concerns, down 3 percent for the week on OPEC doubts - Yahoo Finance

NEW YORK (Reuters) - Oil prices fell on Friday and ended the week 3 percent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it ...

EIA: Brent Prices To Average $53 In 2017 - OilPrice.com

As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and now sees Brent prices averaging $53 and WTI averaging $52 per barrel this year. EIA's ...

BLOG: Should the US Cut Oil Production in Line With OPEC, NOPEC? - Rigzone

OPEC's subtle message that the US should join its production cut pledge with other non-OPEC nations - in the interest of global market stability - is unlikely to get an affirmative response. Before the U.S. Energy Information Administration said this ...

Commodities Round-up: Oil futures dip after traders cash in recent spike - International Business Times UK

Brent, WTI rally stalls as traders book profits in the absence of major intraday drivers. Gaurav Sharma. By Gaurav Sharma. January 13, 2017 17:19 GMT. Oil barrels Oil futures saw marginal declines in the absence of obvious intraday driversPertamina.

CITI: Here is the key level to watch for oil - Business Insider

Oil has had a great two months. West Texas Intermediate crude oil was trading below $44 per barrel in the middle of November before speculation began to mount that OPEC producers would cut production at the cartel's November 30 meeting. The energy ...

Crude Oil Prices Expected to Increase Slightly Through 2017 and 2018 - Energy Collective

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2017. Note: Confidence interval derived from options market information for the five trading days ending Jan 5, 2017. Intervals not calculated for months with sparse ...

Oil set for weekly fall on doubts over extent of OPEC cuts - Hydrocarbon Processing

LONDON (Reuters) -- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009.

Despite Saudi signals, Opec unlikely to deliver all promised oil cuts - The Star Online

Opec as a whole has a patchy record of complying with its agreements. The AFP photo shows the logo of Opec at its headquarters in Vienna. LONDON/DUBAI: Opec is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had ...

Oil price rise falters as doubts emerge over Opec cuts - Telegraph.co.uk

The oil market's tentative recovery has hit a setback as niggling concerns over Opec's plans to cut supply punctured growing market optimism. The market enjoyed its strongest rally in six weeks on Thursday, taking the price of Brent crude to almost $56 ...

Oil ends week 3% lower on OPEC, Chinese economy concerns - BNN

Oil prices fell on Friday and ended the week three per cent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the ...

Crude oil halts four-week gain as OPEC cuts yet to be verified - WorldOil (subscription)

NEW YORK (Bloomberg) -- Oil headed for its first weekly decline since December as traders waited for proof that OPEC and other producers would follow through on promises to cut production. Futures slipped 1.2% in New York and were headed for a weekly ...

Oil prices dip on doubts over planned crude output cuts - Economic Times

SINGAPORE: Oil dipped on lingering doubts that crude production cuts would go deep enough to curb a global fuel supply glut, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports ...

Oil Prices 2017: OPEC Leader Still 'Confident' Cartel Will Commit To Output Cuts - International Business Times

RTX2SNIR Oil prices have rose significantly since the cartel's Nov. 30 announcement that it would cut production, but not enough to compensate for an approximately 50 percent drop two and a half years earlier. Above, a pump jack was photographed at ...

US oil production to rise in 2017 - NewsOK.com

While most of the world's leading oil producers have agreed to slow down in 2017, U.S. production is expected to grow. Domestic production was about 8.9 million barrels a day in 2016 and is expected to climb to 9 million per day this year and 9.3 ...

ANALYSIS: Canada to make gains as OPEC oil production slows - Middle East Eye

TORONTO, Canada – After months of negotiations and uncertainty, the world's largest oil producers agreed late last year to curb global oil production in 2017. The deal, reached between OPEC and non-OPEC states, comes after two years of over-production ...

Oil rises on supply cuts, record China demand forecast - Reuters

Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo. By David Gaffen | NEW YORK.