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Here's what to expect from oil in the second half of 2017 - Hellenic Shipping News Worldwide

Here's what to expect from oil in the second half of 2017Hellenic Shipping News WorldwideJune, and the end of the first half of the year, is approaching rapidly. Crude oil has disappointed, by and large, at least if you're bullish on black gold. The bears, on the other hand, have been delighted. For most of the first half of the year, oil ...and more »

Iran gets positive output cut signals from OPEC, NON-OPEC states - Hellenic Shipping News Worldwide;

Iran gets positive output cut signals from OPEC, NON-OPEC states - Hellenic Shipping News Worldwide

Hellenic Shipping News WorldwideIran gets positive output cut signals from OPEC, NON-OPEC statesHellenic Shipping News WorldwideIran's Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back. The Organization of the Petroleum Exporting Countries (OPEC)meets in May to discuss oil supply ...and more »

AAA: Have gas prices peaked? - Augusta Free Press

AAA: Have gas prices peaked?Augusta Free PressGas prices have been on a bit of a roller coaster this week, heading both higher and lower. Reports reveal the typical spike in gasoline demand has not taken hold yet, which can cause prices to increase while oil production has escalated, causing crude ...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 »

Oil's big glut isn't shrinking, it's resting elsewhere - gulfnews.com

Oil's big glut isn't shrinking, it's resting elsewheregulfnews.comLondon: Excess crude oil inventories in the US are finally and clearly in retreat as OPEC's output agreement nears the end of its fourth month. But those oil bulls looking for higher prices shouldn't get too excited just yet — the surplus may just be ...and more »

Oil prices dip on bloated US market, mixed Saudi signals - Normangee Star

Oil prices dip on bloated US market, mixed Saudi signalsNormangee StarThe oil market has been caught in a tug-of-war, with OPEC production cuts supporting prices while signs of rising USA production have pressured crude on concerns about a glut. The U.S. Energy Information Administration said in its weekly report that ...and more »

OPEC, non-OPEC producers committed to restoring market stability - Barkindo - Alive For Football;

OPEC, non-OPEC producers committed to restoring market stability - Barkindo - Alive For Football

Alive For FootballOPEC, non-OPEC producers committed to restoring market stability - BarkindoAlive For Football"Crude oil prices were slightly weaker as the focus turned back to US inventories and output", ANZ bank said on Wednesday. The latest data which covers production up to 14th of April show that the USA production has reached 9.252 million barrels per ...and more »

Oil falls as US data renews concerns about global glut - ClickLancashire;

Oil falls as US data renews concerns about global glut - ClickLancashire

ClickLancashireOil falls as US data renews concerns about global glutClickLancashire"The U.S. has now entered a seasonal period in which stockpiles are reduced during the summer driving season, hence the unexpected miss weighed heavily on prices", James Wood, investment analyst with Rivkin Securities, said in a note.and more »

Oil prices tumble on US inventories data - pppFocus;

Oil prices tumble on US inventories data - pppFocus

pppFocusOil prices tumble on US inventories datapppFocusOil dropped to the lowest in more than a week on signs U.S. output is rebounding, undermining OPEC's efforts to clear a global glut. Dow Jones industrial component Exxon Mobil (XOM) fell 0.3% on the stock market today. Gasoline stockpiles rose by 1.5m ...and more »

Iran Ready to Support Extension of OPEC, Non-OPEC Oil Output Cut Deal - Sputnik International;

Iran Ready to Support Extension of OPEC, Non-OPEC Oil Output Cut Deal - Sputnik International

Sputnik InternationalIran Ready to Support Extension of OPEC, Non-OPEC Oil Output Cut DealSputnik InternationalThe Iranian petroleum minister said Saturday Tehran will agree on prolongation of the agreement on reduction of oil output reached by the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel member states, if other parties to the ...and more »

Oil prices face second weekly loss as oversupply lingers - Alive For Football;

Oil prices face second weekly loss as oversupply lingers - Alive For Football

Alive For FootballOil prices face second weekly loss as oversupply lingersAlive For FootballIt's also anyone's guess if the deal will be extended in light of de facto leader Saudi Arabia - which has acted magnanimously throughout the cutbacks but indicated that its patience is limited - losing market share to Iran and Iraq: Bloomberg data ...and more »

Extended Supply Cuts Can End Oil Glut by End-2017 - Financial Tribune;

Extended Supply Cuts Can End Oil Glut by End-2017 - Financial Tribune

Financial TribuneExtended Supply Cuts Can End Oil Glut by End-2017Financial TribuneSupply and demand in the oil market could fall into balance by the end of this year if OPEC and its partners extend their deal to reduce crude output, a Reuters' survey forecast on Friday. However, the prospect of rising output from outside OPEC, led ...and more »

Opec clash too much for Bank of Russia to make up its mind - Gulf Times;

Opec clash too much for Bank of Russia to make up its mind - Gulf Times

Gulf TimesOpec clash too much for Bank of Russia to make up its mindGulf TimesVisitors pass security to enter the headquarters of Russia's central bank in Moscow. So much is riding on the outcome of negotiations between the Organisation of Petroleum Exporting Countries and its partners over their output cuts that the Bank of ...and more »

Adnoc Will cut oil sales to buyers by 10% in June - gulfnews.com;

Adnoc Will cut oil sales to buyers by 10% in June - gulfnews.com

gulfnews.comAdnoc Will cut oil sales to buyers by 10% in Junegulfnews.comAbu Dhabi: The UAE is cutting back supplies to customers in June as part of its agreement with Organisation of Petroleum Exporting Countries (Opec) to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 per cent, a company spokesman ...and more »

Iran signals it's willing to cap oil output until end of the year - MarketWatch

Iran signals it's willing to cap oil output until end of the yearMarketWatchTEHRAN—Iran signaled its readiness to cap its oil output until the end of the year in order to extend an OPEC-led agreement to cut production, backing Saudi Arabia's push to raise prices. Despite wanting to boost output, Petroleum Minister Bijan ...and more »

Oil down for month on US output - Taipei Times

Oil down for month on US outputTaipei TimesOil on Friday rose in New York, trimming a monthly decline, as OPEC and Russia cited their adherence to output-cut targets in the face of surging US production. Futures on Friday gained 0.7 percent, while losing 2.5 percent for the month. Russia said ...and more »

UAE's Adnoc Will Cut Oil Sales to Buyers by 10% in June - Yahoo Finance

UAE's Adnoc Will Cut Oil Sales to Buyers by 10% in JuneYahoo FinanceThe United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 percent, a company spokesman said Saturday by phone. The state-owned ...and more »

Crude oil prices (April 29) - NRT;

Crude oil prices (April 29) - NRT

NRTCrude oil prices (April 29)NRTSULAIMANI — The Brent oil price was up on Saturday (April 29) compared to the previous day. The price of Brent oil was at $51.84 up from $51.82, while U.S. WTI crude was at $49.14 down from $48.97. OPEC and non-OPEC producers on December 10 ...and more »

Oil prices witnesses' see-saw session, US crude settles at $49.33 - Indiainfoline

Oil prices witnesses' see-saw session, US crude settles at $49.33IndiainfolineOil prices soared on Friday in a see-saw session, moving away from session highs and headed for weekly declines on lingering questions about whether OPEC will extend output cuts at its May meeting. Article saved successfully to my page. You must be ...and more »

Oil Prices Fall On Oversupply - Energy Bangla;

Oil Prices Fall On Oversupply - Energy Bangla

Energy BanglaOil Prices Fall On OversupplyEnergy BanglaOil prices fell on Thursday, weighed down by oversupply, but losses were limited by expectations that major exporters would agree to extend production cuts to try to rebalance the market. Benchmark Brent crude was down 30 cents at $51.52 a barrel by ...and more »