US oil output hampering market rebalancing: OPEC

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Báo Đầu Tư English 3 month(s) ago

PARIS: Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC said on Tuesday (Jun 13).

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Oil producers to extend output curbs at OPEC meeting

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Báo Đầu Tư English 4 month(s) ago

VIENNA: Oil producers inside and outside the OPEC cartel began gathering in Vienna on Tuesday (May 23) ahead of a meeting expected to agree an extension of production curbs aimed at easing a global supply glut.

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Iraq agrees to nine-month extension of OPEC production cut

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Báo Đầu Tư English 4 month(s) ago

BAGHDAD: Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country's oil minister said on Monday (May 22).

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World oil market 'close to balance' despite OPEC cuts: IEA

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Báo Đầu Tư English 5 month(s) ago

PARIS: Supply and demand in the oil market are close to matching up, the IEA said on Thursday (Apr 13), as landmark OPEC-led production cuts are mitigated by rising US supply and slipping worldwide demand growth.

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Impact of OPEC oil cuts will take time to be felt: IEA

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Báo Đầu Tư English 6 month(s) ago

PARIS: OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but it will take some time yet before the oil market feels the full impact of the reduction in output and prices stabilise, the International Energy Agency said on Wednesday (Mar 15).

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OPEC detects 'high compliance' with oil cut deal

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Báo Đầu Tư English 6 month(s) ago

PARIS: OPEC said on Tuesday (Mar 14) oil producers have kept their promise to cut output in accordance with a landmark deal designed to lift petroleum prices.

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Oman expects further non-OPEC output cuts

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Báo Đầu Tư English 7 month(s) ago

KUWAIT CITY: Non-OPEC oil producers are expected to cut output further this month under a landmark deal with the cartel aimed at curbing a global supply glut, Oman's oil minister said on Wednesday (Feb 15).

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Toyota to recall all 2,800 Mirai fuel cell cars on the road

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Báo Đầu Tư English 7 month(s) ago

TOKYO: Toyota Motor Corp said on Wednesday it was recalling all of the roughly 2,800 zero-emission Mirai cars on the road due to problems with the output voltage generated by their fuel cell system.

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Pledged OPEC cuts encouraging: Kuwait

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Báo Đầu Tư English 9 month(s) ago

KUWAIT CITY: Kuwaiti Oil Minister Essam al-Marzouk, whose country heads a committee to monitor crude output cuts, on Monday (Jan 9) described as encouraging production reductions announced so far.

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Non-OPEC supply to rise but end of glut in sight: OPEC

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Báo Đầu Tư English 10 month(s) ago

PARIS: OPEC said on Wednesday (Dec 14) it expects some non-cartel producers to ramp up production next year, encouraged by oil prices which OPEC has fought to drive higher with a recent output cut deal.

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Oil prices surge as non-OPEC producers agree on caps

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Báo Đầu Tư English 10 month(s) ago

LONDON: World oil prices jumped on Monday (Dec 12) after non-OPEC producers struck a deal to cut output, while Europe's main stock markets were subdued before a key Fed meeting this week.

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OPEC output deal has no immediate effect on Vietnam: insiders

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Báo Tuổi Trẻ English 10 month(s) ago

An upcoming cut in oil output by the Organization of the Petroleum Exporting Countries may have little to no immediate consequences for Vietnam, experts and government officials said Thursday after the 14-nation bloc announced its reduction plan.

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OPEC boosts oil price with output cut

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Báo Đầu Tư English 10 month(s) ago

VIENNA: The OPEC oil cartel defied expectations on Wednesday (Nov 30) and nailed down its first joint output cut since 2008 after tough talks in Vienna, sending oil prices soaring.

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Trump plan to boost oil, coal could send prices lower

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Báo Đầu Tư English 11 month(s) ago

WASHINGTON: President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama's efforts to encourage renewable energy and cut dependence on fossil fuels.

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Saudi oil minister says OPEC production cut 'imperative'

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Báo Đầu Tư English 11 month(s) ago

ALGIERS: Saudi Arabia's oil minister said it was "imperative" that OPEC nations finalise an agreement over a cut in oil production aimed at boosting crude prices, Algerian media said on Sunday (Nov 13).

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