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Posts Tagged "saudi arabia"

HomePosts Tagged "saudi arabia"

* Saudi posts big reduction, boosting average compliance * Nigerian, Iranian increases partly offset curbs elsewhere * For details of February production by country, see By Alex Lawler and Rania El Gamal LONDON, Feb 28 (Reuters) – OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, […]

Oil prices were little changed on Friday after gaining nearly one per cent the day before on news that Saudi Arabia had cut production to meet OPEC’s agreement to reduce output. Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day to 10.058 million bpd, fully implementing OPEC’s agreement […]

* Saudi Falih says: “We have a deal already” * Russia’s Novak sees no risk of deal failing * Venezuela says Mexico to contribute to non-OPEC cuts (Updates with comments, start of meeting) By Vladimir Soldatkin, Rania El Gamal and Alex Lawler VIENNA, Dec 10 (Reuters) – Russia and Saudi Arabia said they expect OPEC […]

* Saudis to cut output by 0.5 million bpd * Iraq to reduce production, Iran will raise slightly * Qatar says Russia also joins cuts with 0.3 mln bpd * Brent oil jumps 9 percent to more than $50/barrel By Rania El Gamal, Alex Lawler and Ahmad Ghaddar VIENNA, Nov 30 (Reuters) – OPEC agreed […]

* Saudi Falih says OPEC close to reaching a deal * Says Iran OK to freeze output at pre-sanction levels  * OPEC to study proposal to cut output by 1.2 mln bpd * Brent futures up more than 5 percent, above $49/barrel (Adds Saudi comment, updates oil price) By Ahmad Ghaddar, Alex Lawler and Rania […]

* Saudi minister optimistic on final OPEC deal * Qatar says asking Iran, Iraq to freeze at current levels * Algeria sees “strong consensus”, Iran “not a problem” (Adds quotes from Algeria, Qatar) By Reem Shamseddine, Tom Finn and Rania El Gamal RIYADH/DOHA, Nov 17 (Reuters) – The energy minister for top OPEC exporter Saudi […]

* Saudi Arabia’s Falih says deal unlikely tomorrow * Iran insists on much higher output targets * Saudi, Iranian views still far apart * Oil prices fall over 3 percent, pressure on Riyadh grows (Updates with Saudi, Russian news conference) By Rania El Gamal, Alex Lawler and Vladimir Soldatkin ALGIERS, Sept 27 (Reuters) – Iran […]

By Barani Krishnan NEW YORK, Sept 23 (Reuters) – Oil prices fell about 3 percent on Friday, paring weekly gains, on a report that Saudi Arabia did not expect an agreement at talks next week among major crude exporters aimed at freezing production. Crude futures slumped after Bloomberg reported that Saudi Arabia did not expect […]

* Sources tell Reuters Saudi Arabia could cut output * Analysts cautious about upcoming oil producer meeting (Adds Saudi output proposal, price jump) By Sabina Zawadzki LONDON, Sept 23 (Reuters) – Oil prices jumped on Friday after sources told Reuters Saudi Arabia could reduce its crude production should regional foe Iran cap its own output […]

* Iran says too early to join any pact * Supply outages across the world support oil price * Venezuela warns of more downside when outages ease (Releads with source saying Gulf OPEC members seek joint action) By Rania El Gamal and Shadia Nasralla VIENNA, June 1 (Reuters) – Gulf OPEC members including Saudi Arabia […]