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Postcard From Vienna: Market Metrics And OPEC policy

The question of which metric to use to assess oil market balances figured prominently in OPEC discussions on the opening day of the organization’s 7th International Seminar in Vienna on June 20, and on .....»»

Category: blogSource: valuewalkJun 22nd, 2018

OPEC agrees modest hike in oil supply after Saudi and Iran compromise

VIENNA (R.....»»

Category: topSource: reutersJun 22nd, 2018

What OPEC’s Production Hike Means

Sources say that OPEC oil ministers meeting in Vienna have reached a tentative agreement on raising production by 600,000 barrels, less than expected or hoped for......»»

Category: blogSource: 247wallstJun 22nd, 2018

OPEC agrees modest hike in oil supply after Iran softens stance

VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage......»»

Category: topSource: reutersJun 22nd, 2018

OPEC reaches deal to raise oil output from July: source

VIENNA (Reuters) - OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said......»»

Category: topSource: reutersJun 22nd, 2018

OPEC moves toward raising oil supply as Iran softens stance

VIENNA (Reuters) - OPEC moved closer on Friday toward boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage......»»

Category: topSource: reutersJun 22nd, 2018

"It"s All In Iran"s Hands": With OPEC Set To Announce Its Decision, This Is Where Things Stand

OPEC officials are meet this morning at their Vienna HQ to decide whether to ba.....»»

Category: blogSource: zerohedgeJun 22nd, 2018

OPEC Seeks Last-Minute Compromise as Iran Opposes Supply Boost - Bloomberg

BloombergOPEC Seeks Last-Minute Compromise as Iran Opposes Supply BoostBloombergOPEC met in Vienna on Friday in a final effort to overcome Iranian opposition .....»»

Category: topSource: googlenewsJun 22nd, 2018

Futures Movers: Oil prices climb amid signs of strain ahead of OPEC meeting

Oil prices rose sharply on Friday, notably the international benchmark Brent crude, over Iran’s opposition to an output-increase deal as major producers meet in Vienna......»»

Category: topSource: marketwatchJun 22nd, 2018

OPEC meeting; Airbus Brexit warning; Stress test results

1. OPEC meets: OPEC members are meeting Friday in Vienna to consider a potential production increase......»»

Category: topSource: moneyJun 22nd, 2018

OPEC struggles for deal to ease supply cuts as Iran resists

VIENNA (Reuters) - OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions......»»

Category: topSource: reutersJun 22nd, 2018

OPEC starts talks on output boost with Iran still unconvinced

Ministers from some of the world’s largest oil producers met in Vienna to seek out a compromise that would pave the way for an output increase at Friday’s OPEC meeting......»»

Category: topSource: moneycentralJun 21st, 2018

Trump’s Putin Summit: NATO Fears President’s Meeting Will Undermine Alliance

Vienna is being proposed as a possible venue for the world leaders......»»

Category: topSource: newsweekJun 21st, 2018

Why OPEC Won"t Flood The Oil Market

The latest from Vienna is that Russia and Saudi Arabia are lean.....»»

Category: futuresSource: nasdaqJun 21st, 2018

Trump"s Putin Summit: NATO Fears President"s Meeting Will Undermine Alliance

Vienna is being proposed as a possible venue for the world leaders......»»

Category: topSource: newsweekJun 21st, 2018

OPEC edges closer to raising oil output, Iran"s agreement is key

VIENNA (Reuters) - OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable......»»

Category: topSource: reutersJun 21st, 2018

OPEC strives for oil deal as Iran insists on modest rise in output

VIENNA (Reuters) - OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signaling it would support only a modest increase in supply......»»

Category: topSource: reutersJun 21st, 2018

Why OPEC Isn"t Going To Give Up On High Oil Prices That Easily

With the most highly-anticipated OPEC meeting since November 2014 taking place Friday in Vienna, Macrovoices host Erik Townsend made this week's podcast all about oil. He started his three-part interview series with Dr. Ellen Wald, the author of "Saudi I.....»»

Category: blogSource: zerohedgeJun 20th, 2018

For OPEC, oil tariff spat is short-term gain, long-term pain

VIENNA (Reuters) - OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon......»»

Category: topSource: reutersJun 20th, 2018

Crude Oil Prices Eye OPEC Seminar for Output Cap Strategy Preview

DailyFX com CRUDE OIL amp GOLD TALKING POINTS Crude oil and gold prices drop as Sino US trade war fears sour sentiment OPEC seminar may be preview of Vienna strategy session on output curbs ECB Forum may offer crucial glimpse of global trends.....»»

Category: futuresSource: nasdaqJun 20th, 2018