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Iraqi oil minister: market is decisive factor in possible cut extension Saturday March 25th, 2017 09:14:00 AM
KUWAIT Iraqi Oil Minister Jabar Ali al-Luaibi said on Saturday the market is a decisive factor in deciding whether to extend into the second half of this year a global agreement on reducing oil output. "The market will decide. The market is a decisive ...

Oil Creating a Bright Spot in the Markets And Earnings... For Now Sunday March 26th, 2017 03:27:00 PM
Last Thursday I appeared on America’s First News hosted by Matt Ray, one of the topics was what’s going in the oil market. One of the few bright spots when it comes to earnings picture is the energy sector, which his benefitting from higher oil prices ...

OPEC urges members to uphold oil production cuts Sunday March 26th, 2017 04:09:00 AM
A sign at OPEC headquarters in Vienna, Austria. OPEC officials on Sunday urged member nations to cut their oil production in line with an agreement last year, warning that the petroleum market would remain depressed if they didn’t. Members of the ...

Iranian oil docked for market in Belarus Friday March 24th, 2017 06:01:00 AM
March 24 (UPI) --Iranian state media reported Friday a batch of Iran's oil purchased by Belarus was docked at the Port of Odessa and in the processing steps for refining. The official Islamic Republic News Agency reported that a tanker carrying 600,000 ...

Tanker Market: New oil production shifts could change ton-mile demand, but the Middle East will remain “king” for the VLCC market Sunday March 26th, 2017 02:06:00 PM
The tanker market is about to face new trade flow changes, as soon as new oil producing projects enter the market, however, it seems that, at least in the medium term, the Middle East will still remain the main source of VLCC cargoes. In its latest weekly ...

Oil producers look into rollover of output cuts Sunday March 26th, 2017 04:52:00 PM
OPEC and non-OPEC producers said Sunday at a meeting in Kuwait they were looking into extending an output cuts deal aimed at stabilising the market, as compliance with the milestone pact increases. The cuts aim to reduce world oil supplies and boost prices ...

OPEC, non-OPEC to look at extending oil-output cut by six months Sunday March 26th, 2017 04:38:00 PM
But the final statement said only that the committee had requested a technical group and the OPEC Secretariat "review the oil market conditions and revert ... in April, 2017 regarding the extension of the voluntary production adjustments". It was not ...

CB Industrial Product: Unappreciated Market Leader In The Palm Oil Machinery Market Sunday March 26th, 2017 05:40:00 AM
PRO Top long ideas returned 21.7% in 2016** "As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next ...

OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months Sunday March 26th, 2017 02:39:00 PM
Having failed to "rebalance" the oil market in the first six months following the implementation of the Vienna production cut agreement, with crude inventories in the US hitting all time highs in the interim... ... OPEC and non-OPEC oil producers found ...

Oil Producers to Look at Extending Oil-Output Cut by Six Months Sunday March 26th, 2017 11:22:00 AM
But the final version said only that the committee had requested a technical group and for the OPEC Secretariat to "review the oil market conditions and revert ... in April, 2017 regarding the extension of the voluntary production adjustments." Oil sector ...

 

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