Laxaro

View the latest news and breaking news today

oil crosses 75 mark highest since 2014 opec meeting that led to pump war - Search

oil crosses 75 mark highest since 2014 opec meeting that led to pump war Searched from official sources arount the web with simple content and resource link From any languages in different countries.



oil crosses $75 mark, highest since 2014 opec meeting that led to pump war




oil rose on tuesday above $75 a barrel to its highest since november 2014, supported by opec-led production cuts, strong demand and the prospect of renewed us sanctions on iran. brent crude, the global benchmark, hit its highest since opec on nov. 27, 2014 turned its back on curbing output to suppor...



saudi arabia calls for extending non-opec cooperation as oil prices rise




saudi arabia's energy minister khaled al-faleh on sunday called for extending cooperation between opec and non-opec oil producers beyond 2018 after a deal to shore up crude prices. "we should not limit our efforts to 2018. we need to be talking about a longer framework for our cooperation," faleh sa...



lil pump's new mixtape 'harvard dropout' is 'coming soon,' says rapper




lil pump took to social media friday night (jan. 26) to reveal that he has a new project on the way. harvard dropout is still without a release date, but the south florida rapper says the mixtape is "coming soon." the 17-year-old is looking for a successful follow-up to his self-titled project, ...



presstv-opec oil output cuts surpass pledge in march




opec states cut oil output in march by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years.the organization of the petroleum exporting countries ...



analysts warn of overheated market after oil prices hit highest since 2014




oil prices hit their highest levels since 2014 on wednesday due to ongoing production cuts led by opec as well as healthy demand, although analysts cautioned that markets may be overheating. a broad global market rally, including stocks, has also been fuelling investment into crude oil futures. us w...



opec output rises on resurgent libya, nigeria




opec's crude production rose to the highest this year in june as member nations exempt from output curbs pumped more.members of the organisation of petroleum exporting countries boosted their output by 260,000 barrels a day compared with may, according to a bloomberg news survey of analysts, oil com...



presstv-trump slams 'artificially very high' oil prices




us president donald trump has criticized the organization of petroleum exporting countries (opec), saying “oil prices are artificially very high.”in a tweet, trump warned that the us "will not" accept artificial price controls from opec, which represents 14 of the world's leading oil producers."...



opec sees 'extraordinary' steps may be needed for stable market in 2018




oil producers are succeeding in rebalancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, opec secretary-general mohammad barkindo says.saudi arabia and russia were currently leading consultations between the organization of petroleum exporting...



opec tries befriending us shale oil after ignoring it, fighting it




in front of the petroleum club of midland, texas -- capital of the booming permian shale region -- an electronic display flashes two crucial pieces of information: the oil price and the number of drilling rigs. for the past year, both figures have been climbing as opec oil production cuts led to hig...



opec decides to extend oil production cut for next nine months




opec agreed on thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signalling it could exit the deal earlier if the market overheats. non-opec russia, which this year reduced production significantly with opec for the first time, has b...



oil markets on tenterhooks ahead of opec meeting on supply cut in vienna




oil markets opened cautiously on thursday ahead of the outcome of an opec meeting in vienna later in the day, with members set to debate the path for an extension of the group's supply-cut agreement. the organization of the petroleum exporting countries (opec) will be meeting at its headquarters in ...



oil soars to 3-yr high as saudi withholds supply, seeking $80-100 a barrel




oil prices on thursday remained close to late 2014-highs reached in the previous session as us crude inventories declined and as top exporter saudi arabia pushes for prices of $80 to $100 per barrel by continuing to withhold supplies.brent crude oil futures were at $73.82 per barrel at 0325 gmt, up ...



oil prices crosses $65 a barrel, near june 2015 high after cuts by opec




oil prices were stable on tuesday, with brent crude lingering near 2015 highs on the back of an outlook for healthy demand amid ongoing production cuts led by opec and russia. us west texas intermediate (wti) crude futures were at $58.50 a barrel at 0141 gmt, up 3 cents from their last settlement. b...



oil dips after 3-year high; opec, russia cuts seen to support market




oil prices eased on friday after hitting their highest levels since december 2014 the previous day. despite the dip, analysts said market fundamentals going into 2018 were strong due to ongoing production cuts led by the organization of the petroleum exporting countries (opec) and russia that coinci...



presstv-opec, non-opec countries agree to extend output cuts




homa lezgeepress tv, viennamembers of the organization of the petroleum exporting countries, opec and 11 non-opec countries have decided to extend a deal to cut two percent of global oil output. the decision is aimed at helping strengthen prices that have halved over the past three years due to over...



oil hits highest since mid-2015, then dips




oil prices eased on tuesday after hitting mid-2015 highs in early trading, as major pipelines in libya and the uk restarted and us production soared to the highest in more than four decades. it was the first time since january 2014 that the two crude oil benchmarks opened the year above $60 per barr...



oil edges lower as libyan output undermines 2018 rally




oil slipped on monday under pressure from rising libyan output and concerns that a rally that had sent prices to their highest since december 2014 had run out of steam. but losses were limited by comments from top exporter saudi arabia that organization of the petroleum exporting countries (opec) an...



presstv-opec agrees to extend key oil output cut deal




the organization of the petroleum exporting countries (opec) has agreed to extend until march 2018 an oil output cut deal that was sealed last year to help shore up prices. the cuts would lower the collective production of producers by 1.8 million barrels per day (mb/d).a dozen non-members led by to...



presstv-russia injects hope into morose oil market




russia’s openness to deeper oil production cuts has generated optimism among opec members about a new push to clear a global supply glut. moscow said on friday it was ready to revise a deal reached between opec and non-opec producers in december 2016 to shore up prices through trimming output.the...



opec agrees to extend output cuts through march 2018




a sense of déjà vu pervaded the latest meeting of oil exporting countries. while production cuts have once again bolstered oil prices, the optimism may fade, as us shale producers jump back into the market and the rise of renewables dims prospects for future demand.the organisation of the petrole...



presstv-us to overtake saudi arabia as no. 2 oil producer




the international energy agency (iea) says the united states would overtake saudi arabia as the world's number two oil producer after russia this year by relying on its massive shale oil production. "this year promises to be a record-setting one for the us," the iea wrote in its monthly market repo...



warren buffett says cryptocurrencies will 'almost certainly come to a bad ending




legendary investor warren buffett has weighed in on the bitcoin frenzy, saying he will never invest in it or any other cryptocurrencies - while predicting a "bad ending" for those who do.his comments come as companies will well-known brands continue to jump on the cryptocurrency bandwagon.us oil...



donald trump suggests republicans 'finally take control' of russia probe




washington: president trump assailed the russia investigation wednesday as a distraction, a waste of time and a "witch hunt" -- and appeared to call on congressional republicans to do something about it."the single greatest witch hunt in american history continues," trump tweeted. "there was no col...



brent nears 2-year high as opec, russia improve compliance with output cuts




brent crude oil prices were near two-year highs on wednesday as opec has significantly improved compliance with its pledged supply cuts and russia is also seen keeping to the deal. brent futures, the international benchmark for oil prices, were at $61.15 per barrel at 0504 gmt, up 21 cents, or 0.34 ...



presstv-iran hails convergence among oil producers




iran’s oil minister says cooperation by non-opec members, especially russia, and opec members’ adherence to an agreement to cut oil output is helping the market stabilize.“i see the oil market balanced. the compliance of the opec members is in good shape and the convergence of the members reg...