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Iran gets positive output cut signals from non-Opec, Opec nations - The Star Online;

Iran gets positive output cut signals from non-Opec, Opec nations - The Star Online

The Star OnlineIran gets positive output cut signals from non-Opec, Opec nationsThe Star OnlineOil dilemma: Export oil pipelines seen at an oil facility in Khark Island on the shore of the Gulf. TEHRAN: Iran's Oil Minister said Opec and non-Opec countries had given positive signals for an extension of output cuts, which Tehran would also back.and more »

America pumps up pressure on Opec - The Times (subscription);

America pumps up pressure on Opec - The Times (subscription)

The Times (subscription)America pumps up pressure on OpecThe Times (subscription)Soaring output from America's shale oil producers is threatening to unstitch the blanket of support within Opec for cuts to the cartel's production. Opec members led by Saudi Arabia will meet in Vienna on May 25 to decide whether or not to extend a ...and more »

Iran says to support OPEC earlier agreement to freeze crude output - Xinhua;

Iran says to support OPEC earlier agreement to freeze crude output - Xinhua

XinhuaIran says to support OPEC earlier agreement to freeze crude outputXinhuaTEHRAN, April 30 (Xinhua) -- Iran's Petroleum Minister Bijan Namdar Zanganeh said Sunday that Iran will support earlier decision by the Organization for Petroleum Exporting Countries (OPEC) to extend oil output freeze agreement. "If majority of OPEC ...and more »

Oil settles up despite higher US rig count - Business News

Oil settles up despite higher US rig countBusiness NewsOil prices has settled higher on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude prices still posted a weekly decline. US light crude rose US36 cents to settle at $US49.33 a barrel, off ...and more »

US Oil Rig Count Up For 15th Straight Week - ShareCafe (registration)

US Oil Rig Count Up For 15th Straight WeekShareCafe (registration)Oil futures had a small gain in Friday's session, despite another rise in US oil rig numbers for the 15th week in a row. June West Texas Intermediate futures crude rose 36 cents, or 0.7%, to settle $US49.33 a barrel in New York. Prices were down about ...and more »

Oil's big American glut resting elsewhere - The Daily Star

Oil's big American glut resting elsewhereThe Daily StarA version of this article appeared in the print edition of The Daily Star on May 01, 2017, on page 15. Recommended. Related Articles. U.S. trade deficit falls as exports hit two-year high · OPEC detects 'high compliance' with oil cut deal · Oil slump ...and more »

Iran Oil Minister Backs Extension of Crude Supply Cuts - Financial Tribune;

Iran Oil Minister Backs Extension of Crude Supply Cuts - Financial Tribune

Financial TribuneIran Oil Minister Backs Extension of Crude Supply CutsFinancial TribuneTehran will support a decision to extend an OPEC-led agreement to cut crude oil supplies and lift sagging prices if other members of the Organization of Petroleum Exporting Countries continue to comply with their planned cuts. Oil Minister Bijan Namdar ...and more »

Over the barrel: Oil more slippery - The Indian Express;

Over the barrel: Oil more slippery - The Indian Express

The Indian ExpressOver the barrel: Oil more slipperyThe Indian ExpressThe oil market has never been easy to call, but these days, it appears to be in “no man's” land. Why is that the case? A few weeks back, American Tomahawk missiles took out a Syrian airfield. The price of the North Sea Brent crude jumped up by 2 per ...and more »

Russia reaches 300000 b/d crude output cut under OPEC/non-OPEC deal - AppsforPCdaily;

Russia reaches 300000 b/d crude output cut under OPEC/non-OPEC deal - AppsforPCdaily

AppsforPCdailyRussia reaches 300000 b/d crude output cut under OPEC/non-OPEC dealAppsforPCdailyHe added that Tehran was seeing "positive signals" for an extension of the accord on oil production cuts. "While it is evident that the market rebalancing is now moving forward and investment specifically in short-cycle projects is returning, it is ...and more »

Iraq says will go with consensus at next OPEC meeting - Alive For Football;

Iraq says will go with consensus at next OPEC meeting - Alive For Football

Alive For FootballIraq says will go with consensus at next OPEC meetingAlive For FootballStill, with an expectation that OPEC will extend its production cuts to cover all of 2017, analysts said there was support for prices around current levels. Iraq, OPEC's second-largest producer, was in full compliance with the OPEC-led supply pact ...and more »

Oil prices fall on expected surge in USA shale output - Normangee Star

Oil prices fall on expected surge in USA shale outputNormangee StarUSA crude oil production rose to 9.25 million barrels per day, official data showed, up nearly 10 percent since mid-2016. Gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity. According to Oil and ...and more »

Everything hinges on an oil deal extension - gulfnews.com

Everything hinges on an oil deal extensiongulfnews.comPrior to the November 30, 2016 deal, the oil market was in doubt whether Opec would reach any agreement and the average Opec basket of crude oils price for the month was only $43.22 (Dh158.6) a barrel. But the agreement to reduce production by 1.2 ...and more »

Oil prices on pace for further losses - Normangee Star

Oil prices on pace for further lossesNormangee StarOil slumped to a two-week low overnight, after U.S. data showed a smaller-than-expected drop in overall crude stocks and a surprising build in gasoline inventories, which raised worries about excessively high global supply. Brent futures were at $52.93 ...and more »

Crude Oil Futures - Weekly Outlook: May 1 - 5 - Nasdaq;

Crude Oil Futures - Weekly Outlook: May 1 - 5 - Nasdaq

NasdaqCrude Oil Futures - Weekly Outlook: May 1 - 5NasdaqInvesting.com - Oil futures settled a bit higher on Friday, but still registered a weekly and monthly loss as signs of further gains in U.S. crude output and doubts over whether OPEC will extend output cuts at its May meeting pressured prices. The U.S ...and more »

Oil Markets React Stoically To Crude Inventory Draw - ClickLancashire

Oil Markets React Stoically To Crude Inventory DrawClickLancashireBrent crude futures were up 19 cents at US$55.08 a barrel at 1331 GMT, while USA crude futures were up 15 cents at US$52.56. Latest data from the Energy Information Administration showed USA output rose to 9.25 million barrels a day last week, the ...and more »

Iran gets positive output cut signals from OPEC, NON-OPEC states - Alive For Football;

Iran gets positive output cut signals from OPEC, NON-OPEC states - Alive For Football

Alive For FootballIran gets positive output cut signals from OPEC, NON-OPEC statesAlive For FootballReports quoted officials from the Organization of the Petroleum Exporting Countries (OPEC) as saying that a consensus had already been made between OPEC and non-OPEC producers to extend cuts by another six months. On December 10, 11 non-OPEC ...and more »

Oil down slightly in subdued trade after failed North Korean missile test - Alive For Football

Oil down slightly in subdued trade after failed North Korean missile testAlive For FootballTraders said that the rising United States crude production posed a concern that the oil supply overhang would continue, while the jump in gasoline stocks implied a stutter in demand. Benchmark Brent crude futures were down 53 cents at US$55.36 at 0836 ...and more »

Oil prices buoyed by USA crude stock dip - AppsforPCdaily;

Oil prices buoyed by USA crude stock dip - AppsforPCdaily

AppsforPCdailyOil prices buoyed by USA crude stock dipAppsforPCdailyUSA crude oil production rose to 9.25 million barrels per day, official data showed, up nearly 10 percent since mid-2016. Oil prices jumped by more than 10 per cent following the deal with worldwide benchmark Brent crude now trading above $55 per barrel.and more »

US Gasoline Inventories Rose for the First Time in 9 Weeks - pppFocus;

US Gasoline Inventories Rose for the First Time in 9 Weeks - pppFocus

pppFocusUS Gasoline Inventories Rose for the First Time in 9 WeekspppFocusWorld oil demand growth in 2016 was kept broadly unchanged at 1.38 million barrels per day (mb/d), averaging 95.05 mb/d. Benchmark Brent crude futures were down 50 cents at $55.39 at 1126 GMT. U.S. West Texas Intermediate (WTI) crude futures were ...and more »

Production deal 'restoring balance' to oil - pppFocus;

Production deal 'restoring balance' to oil - pppFocus

pppFocusProduction deal 'restoring balance' to oilpppFocus“During these last days we received a positive signal from OPEC members and non-OPEC contributors in this agreement for cutting the production for extending this agreement for the second half of 2017”, minister Bijan Zanganeh told reporters. It remains ...and more »