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Oil edges up on escalating U.S.-Iran tensions, supply outages

Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that OPEC producers will continue to curb supply this year.
Tags: Money, Opec, Iran, businessNews, U S Iran


Oil up on escalating U.S.-Iran tensions, but trade war worries cap gains

Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.
Tags: Money, Opec, Iran, businessNews, U S Iran


Oil prices rise on rising Middle East tension, ongoing OPEC supply cut

Oil prices edged up on Tuesday on signs that producer club OPEC will continue withholding supply this year and as tensions between the United States and Iran escalated.
Tags: Money, Opec, Iran, businessNews, United States, Middle East


Russia's Novak: many options for oil deal, including production rise

Russian Energy Minister Alexander Novak said on Sunday that different options were available for the OPEC and non-OPEC oil output deal, including a rise in production in the second half of the year.
Tags: Money, Russia, Opec, businessNews, Novak, Alexander Novak


Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if needed

Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market's needs.
Tags: Money, Saudi Arabia, Opec, businessNews, United States, Khalid al Falih, Falih


UAE energy minister says oil stocks building up, OPEC job not done

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday that global oil inventories are still building up particularly in the United States, and that the job by OPEC and its allies to balance the oil market is not complete yet.
Tags: Money, Opec, businessNews, United States, Uae, United Arab Emirates Energy, Suhail Al Mazrouei


Exclusive: Saudi's Falih says oil stocks still building, but OPEC to act if needed

Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.
Tags: Money, Saudi Arabia, Opec, businessNews, United States, Khalid al Falih, Falih


Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will act

Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.
Tags: Money, Saudi Arabia, Opec, businessNews, United States, Khalid al Falih, Falih


Soaring oil prices cast shadow on US ahead of Opec meeting

Risk to oil market of three simultaneous disruptions becomes lobbying point for Iran and LibyaIn November 2018, Donald Trump tweeted: “Oil prices getting lower … a tax cut for America and the world! Enjoy! $54 … Thank you to Saudi Arabia.”Five months on, with oil prices more than $70, Trump will be in a less celebratory mood as Opec’s oil ministers and their allies gather in Jeddah on Friday, without Iran. The main agenda item will be the implications for oil of three interconnected American for...
Tags: Business, Saudi Arabia, Africa, Oil, Americas, US, America, Opec, World news, Commodities, US foreign policy, US news, Iran, Middle East and North Africa, US politics, Libya


U.S. oil output helps fill gap left by Iran, Venezuela: IEA

The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday.
Tags: Money, Opec, Iran, businessNews, IEA, Venezuela, International Energy Agency, Iran Venezuela


OPEC sees more 2019 demand for its oil as it keeps cutting output

OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
Tags: Money, Opec, businessNews


Oil supply crunch to test OPEC's spare capacity

Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say.
Tags: Money, Opec, Iran, businessNews, Venezuela


India's oil imports from Iran down 57 percent in April: trade

India's oil imports from Iran fell about 57 percent year-on-year in April, according to tanker arrival data seen by Reuters, the last month when New Delhi was allowed to load Iranian oil ahead of U.S. sanctions stopping purchases of oil from the OPEC member.
Tags: Money, India, Opec, Iran, businessNews, New Delhi, Reuters


Iran's oil exports to slide in May, but not to zero: sources

Iranian oil exports will slide in May as the United States tightens the screws on Tehran's main source of income, industry sources said, deepening global supply losses caused by U.S. sanctions on Venezuela and OPEC-led cuts.
Tags: Money, Opec, Iran, businessNews, United States, Venezuela, Tehran


Oil set for weekly decline amid surging U.S. output, expected OPEC increase

Oil prices on Friday were set to fall for the week as surging U.S. output and an expected supply increase from the Organization of the Petroleum Exporting Countries (OPEC) weighed on markets.
Tags: Money, Opec, businessNews


Oil falls on surging U.S. output, set for second week of declines

Oil prices slipped on Friday, extending a steep fall from the previous session on surging U.S. output and an expected supply increase from producer club OPEC and putting crude on track for a second week of declines.
Tags: Money, Opec, businessNews


I’ve spent nearly my entire career working on Wall Street and I’ve realized one of the most commonly used refrains is totally wrong

Junta Nakai has spent his career on Wall Street and in financial technology.  In this op-ed, Nakai argues that the common refrain that "data is the new oil" is inaccurate.  While data has potential to drive revenue growth and cut costs, most companies don't have the expertise to get real value from it, he says.  "Data is the oil of the 21st century" is commonly quoted in corporate America today. These eight words embody the excitement and promise that data has the power to redefine comm...
Tags: Apple, Facebook, Microsoft, Wall Street, Americas, America, Trends, Opec, Netflix, Asia Pacific, Goldman Sachs, Financial Services, Jamie Dimon, Idc, Saudi Aramco, Moore


Iran will respond if OPEC members threaten its interests: oil minister

Iran will respond if other OPEC members threaten its interests, Oil Minister Bijan Zanganeh said on Thursday amid rising pressures from Washington to bring Iranian crude sales to zero with the help of Tehran's regional rivals.
Tags: Money, Washington, Opec, Iran, businessNews, Tehran, Bijan Zanganeh


OPEC tries to depoliticise oil, Barkindo says in Tehran

OPEC tries to depoliticise oil, the producer group's secretary-general was quoted by the Iranian oil ministry as saying on Thursday, following accusations by Iran that the United States is using oil as a weapon against Tehran.
Tags: Money, Opec, Iran, businessNews, United States, Tehran, Barkindo


OPEC's Barkindo says impossible to eliminate Iranian oil from market: SHANA

It is impossible to eliminate Iranian oil from the global market, OPEC Secretary-General Mohammad Barkindo was quoted as saying by Iranian oil ministry's news agency SHANA on Thursday.
Tags: Money, Opec, businessNews, Shana, Barkindo, Mohammad Barkindo


OPEC tries to depoliticise oil, Secretary-General Barkindo says in Tehran

OPEC tries to depoliticise oil, the producer group's secretary-general was quoted by the Iranian oil ministry as saying on Thursday, following accusations by Iran that the United States is using oil as a weapon against Tehran.
Tags: Money, Opec, Iran, businessNews, United States, Tehran, Barkindo


Goal of June OPEC meeting to extend output cuts - Oman energy minister

The Organisation of the Petroleum Exporting Countries, Russia and other producers will be looking to extend their oil output cut agreement when they meet in June, Oman's energy minister Mohammed bin Hamad al-Rumhy said on Wednesday.
Tags: Money, Opec, businessNews, Oman, Mohammed bin Hamad Al Rumhy


Goal of June OPEC meeting to extend output cuts - Oman oil minister

The goal of OPEC's meeting in June will be to extend the output cut agreement reached last year, Oman's energy minister Mohammed bin Hamad al-Rumhy said on Wednesday.
Tags: Money, Opec, businessNews, Oman, Mohammed bin Hamad Al Rumhy


Nations using oil 'as a weapon' causing damage to OPEC: Iran oil minister

Iran's oil minister hit out on Wednesday against the use of oil sanctions "as a weapon" by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member's oil ministry.
Tags: Money, Opec, Iran, businessNews, United States


Nations using oil as a weapon threatens OPEC: Iran oil minister

Any country using oil as a weapon could cause the collapse of oil producer group OPEC, Iran's Oil Minister Bijan Zanganeh said on Wednesday, according to SHANA, the news outlet of the oil ministry.
Tags: Money, Opec, Iran, businessNews, OPEC Iran, Bijan Zanganeh


Oil tops $73/bbl then pares gains as Venezuela's Maduro claims support

Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela's president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer's oil exports.
Tags: Money, Opec, businessNews, Venezuela, Nicolás Maduro, Maduro


OPEC oil output hits four-year low in April on Iran, Venezuela

OPEC oil supply hit a four-year low in April, a Reuters survey found, due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia.
Tags: Money, Opec, Iran, businessNews, Venezuela, Reuters, Iran Venezuela


Oil tops $73 on Venezuela turmoil, Saudi support for OPEC cuts

Oil prices topped $73 on Tuesday as Venezuela's opposition leader called on the military to back him to end Nicolas Maduro's rule and after Saudi Arabia said a deal between producers to curb output could be extended beyond June to the end of 2019.
Tags: Money, Saudi Arabia, Opec, businessNews, Venezuela, Nicolás Maduro


OPEC supply squeeze seen supporting higher oil prices: Reuters poll

Oil prices are likely to stay buoyant this year as the U.S. decision to end waivers on Iranian oil and OPEC output curbs are expected to keep supply tight, a Reuters survey showed on Tuesday.
Tags: Money, Opec, businessNews, Reuters


Oil prices firm as Saudi Arabia says OPEC may extend supply cuts

Oil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal between producers to withhold output that has been in place since January could be extended beyond June to cover all of 2019.
Tags: Money, Saudi Arabia, Opec, businessNews



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