Oil down on output cut doubts, expected US production rise - Reuters

FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin/File Photo. By Ethan Lou | CALGARY, Alberta. CALGARY ...

Oil falls on output cut doubts, expected US production rise - The Globe and Mail

Oil prices were down on Monday due to doubts that large crude producers will reduce production as promised and on expectations that U.S. production would increase again this year. The Organization of the Petroleum Exporting Countries (OPEC) has ...

Annual oil income projected to hit $41b: Zanganeh - Tehran Times

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has estimated the country's oil revenues to reach $41 billion by the end of the current Iranian calendar year (March 20, 2017). Of course, setting this figure does not mean that the sum will be wholly ...

Iran's Oil, Gas Revenues To Hit $41B In 2016/17 - OilPrice.com

Iran's crude oil and condensate revenues are expected to reach US$41 billion in the country's current fiscal year ending on 20 March 2017, Oil Minister Bijan Zanganeh said on Monday. Zanganeh described the current oil market conditions as 'satisfactory ...

Oil starts the week lower as markets focus on output cut prospects - Investing.com

Investing.com - Oil prices kicked off the week with modest losses on Monday, as market players continued to look for signs that major oil producers are adhering to planned output cuts. Crude oil for February delivery on the New York Mercantile Exchange ...

Opec deal unlikely to be extended due to compliance, Saudi oil minister says - gulfnews.com

Abu Dhabi: Saudi Arabia said on Monday the deal reached in December between Organisation of Petroleum Exporting Countries (Opec) and non-Opec countries to cut oil production levels is unlikely to be extended. Khalid Al Falih, Saudi Arabia's Minister of ...

Oil slips as investors await OPEC data - MarketWatch

Oil prices edged lower Monday, with investors set to digest key numbers from the Organization of the Petroleum Exporting Countries this week that will give further clues on supply and demand. On the New York Mercantile Exchange, light, sweet crude ...

Oil prices under pressure on doubts over output cuts - Reuters Africa

LONDON, Jan 16 (Reuters) - Oil prices were under pressure on Monday due to doubts that large oil producers will reduce production as promised and on expectations that U.S. production would increase again this year. Benchmark Brent crude oil was up 8 ...

Falih rules out OPEC agreement extension with independent producers - Al-Arabiya

Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said. (AFP). Reuters, Abu Dhabi Monday, 16 January 2017. Text size A A A. Saudi Arabia will adhere strictly to its ...

Iranian Oil Revenues to Rise to $41Bln by March 20 - Oil Minister - Sputnik International

Iran's revenues from sales of crude oil and gas will rise to reach approximately $41 billion by the end of the Iranian year on March 20, as the Organization of the Petroleum Exporting Countries (OPEC) and some key non-OPEC oil producers agreed to cap ...

Oil edges lower as focus on output cut compliance - Investing.com

Investing.com - Oil edged lower Monday with the focus on compliance with agreed output cuts. Brent crude shed 6 cents, or 0.11%, to $55.39 at 08:00 ET. U.S. crude lost 10 cents, or 0.19%, to $52.27. Trading was thin, with the U.S. markets closed for a ...

Saudis see no need to extend OPEC deal beyond six months - WorldOil (subscription)

ABU DHABI (Bloomberg) -- OPEC probably won't need to extend a deal it reached with other crude producers to cut output, given the level of their compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister ...

Oil min.: - Mehr News Agency - English Version

TEHRAN, Jan. 16 (MNA) – Iranian Oil Minister Zanganeh, while evaluating current oil market conditions as satisfactory, said the country's oil revenues will mount to 41 billion dollars in the present Iranian year. Speaking to an IRIB program, Bijan ...

EIA predicts stable crude prices in 2017 - EnergyInfraPost

Crude oil prices should remain around $50 per barrel during 2017, according to the U.S. Energy Information Administration's Short-Term Energy Outlook released on Jan. 11. EIA noted that its forecast has many uncertainties on both the supply and demand ...

Saudi to launch $30-50 billion renewable energy programme soon -minister - Reuters UK

ABU DHABI Jan 16 Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an ...

Price Of Oil Settles Lower As US Crude Stock Rises - Investing.com

There has been a huge crisis in the energy sector in the last year as the price of oil and coking coal kept on dropping. Most of the professional oil traders were overly worried since the price of oil broke much critical support level in the market ...

Oil prices higher amid output cut commitments - Hellenic Shipping News Worldwide

Output cuts are taking hold. Compliance with output cut agreement has been healthy – till yet. Markets too are reacting positively. Yet, the brightening US shale prospects continue to dampen crude sentiments. As per reports, the US is expected to see ...

Assurance on oil deal compliance to keep prices supported - Hellenic Shipping News Worldwide

Assurances coming out from Abu Dhabi on last month's Opec deal will keep prices supported for now, but the upside will be limited due to rising US shale. On Friday, Brent prices fell 1 per cent to end at $55.45 (Dh203.67) per barrel, after losing more ...

Iran's oil minister confident of output deal, predicts prices will rise - Energy Voice

Iran's oil minister said he was confident both OPEC and non-OPEC members would commit to the output cut deal agreed in November. He also claimed oil prices would likely increase further as a result. Bijan Namdar Zanganeh was quoted by an Iranian ...

Crude Oil Prices Are Likely to Recover After Subdued Weekly Performance - Economic Calendar

After posting a weekly loss, crude oil prices are increasing in Asian trade on Monday, buoyed by a weakening U.S. dollar and optimism over the production cut deal, following positive comments from Venezuela. President Nicolas Maduro said on Sunday that ...