Edition:
United Kingdom

Ahmad Ghaddar

OPEC tentatively agrees to oil cut, waits for Russia to commit

06 Dec 2018

VIENNA OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. | Video

Opec will Ölförderung drosseln - Russland zögert noch

06 Dec 2018

Wien Das Ölkartell Opec ringt vor allem mit Russland um eine Drosselung der Fördermenge, um den Preis des Rohstoffs zu stabilisieren.

OPEC works on deal to cut output, still needs Russia on board

04 Dec 2018

VIENNA OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia's resistance to a major cut was so far the main stumbling block.

OPEC works on deal to cut output, still needs Russia on board

04 Dec 2018

VIENNA, Dec 4 OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia's resistance to a significant production cut was so far the main stumbling block.

Oil workers' discontent a risk for Libyan output surge

30 Nov 2018

BENGHAZI/TRIPOLI/LONDON Libya's oil output is at a five-year high and rare exploration deals with foreign majors are being won but worker dissent and ever-present armed groups risk a repeat of disruptions that have choked off other production surges since the 2011 civil war.

UPDATE 1-Oil workers' discontent a risk for Libyan output surge

30 Nov 2018

* Production remains below 2011 levels (Adds NOC comment, details, edits)

Oil workers' discontent threatens Libyan output surge

30 Nov 2018

BENGHAZI/TRIPOLI/LONDON, Nov 30 Libya's oil output is at a five-year high and rare exploration deals with foreign majors are being won but worker dissent and ever-present armed groups risk a repeat of disruptions that have choked off other production surges since the 2011 civil war.

CORRECTED-UPDATE 8-Oil rises as OPEC, partners discuss supply cut

14 Nov 2018

LONDON, Nov 14 Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.

Return to oil production cuts in 2019 cannot be ruled out - OPEC sources

07 Nov 2018

LONDON A return to oil production cuts by OPEC and its allies next year cannot be ruled out, two OPEC sources said on Wednesday, to avert a possible supply glut that could weigh on prices.

Big oil traders set to cash in on shipping fuel overhaul

02 Nov 2018

LONDON The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.

World News