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Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

LONDON Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.Brent crude futures were up $2.38 at $56.72 per barrel by 1002 GMT, having hit ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil price

Oil surges after output cuts, strong dollar weighs

HONG KONG Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting this week, at which a rate hike is widely expected. "We have s ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > oil priceOPECBrent Crude

Oil, Gas Exploration Spend to Fall to 12-Year Low as Prices Bite

Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd. Chevron Corp. said this week it would reduce spending on oil exploration and o ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > explorationoil price

James Bream: Has the oil and gas industry reached a turning point?

LAST week saw the release of the results of our 25th Oil and Gas Survey, as the industry prepares to enter the third year of the current low oil price period. Industry body Oil & Gas UK estimates that the sector is now supporting around 120,000 fewer jobs than just two years ago. There is no que ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > James BreamOil & Gas UK

Army will deny easement, halting work on Dakota Access Pipeline

The Army said Sunday that it will not approve an easement necessary to permit the controversial Dakota Access Pipeline to cross under Lake Oahe in North Dakota, marking a monumental victory for the Native American tribes and thousands of others who have flocked in recent months to protest the oil ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > Dakota Access PipelineUnited States

PressTV-Iran to sell oil at $50 per barrel next year

Iran's President Hassan Rouhani, who presented the budget bill to the Parliament on Sunday, portrayed a positive picture of the country's oil revenues for the next year. Rouhani emphasized that the prospects will be specifically positive in light of the country's recent “victory” in OPEC to move ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > Iranoil price

Oil prices continue rise as OPEC, Russia agree to cut production

Oil prices have continued their rise after oil producers cartel OPEC and Russia agreed to cut production at a meeting in Vienna yesterday. US stocks have rallied to record highs following the election of Donald Trump as the next US president on optimism about his plans for more infrastructure spe ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil priceRussia

Oil surges 10pc as OPEC agrees to cut production

The deal brokered at talks in Vienna was achieved after OPEC's largest producer Saudi Arabia gave ground and agreed that Iran — still recovering from trade sanctions — was a special case and would be exempted from the cuts. The deal will reduce output by 1.8MMbd from January 2017 and runs for 6 m ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil priceSaudi Arabia +1

Why — and where — oil and gas mergers are finally making a comeback

Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > mergeracquisitions

Trump faces dilemma as U.S. oil reels from record biofuels targets

By Chris Prentice | NEW YORK NEW YORK The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over.The Renewable Fuel Standard (RFS) pr ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > TrumpUSAbiofuel +1

Investors brace for oil selloff should OPEC deal fail

As speculation swirls around whether OPEC will manage to reach a deal to cut production on Wednesday, investors are bracing for the worst and expect a sharp selloff in energy stocks should a deal fail to emerge. "People know if OPEC doesn't do a deal, all the short-term drivers for the oil price ...

Adam Marmaras - OilVoice


Posted 2 years agoLink

OPEC’s Last Push for Oil-Cuts Deal Shifts Focus to Iran, Russia

OPEC's final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to output cuts. The extension of shuttle diplomacy -- including a visit to Tehran from an architect of the September agreem ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECIranRussia
Last fetch 12/16/2018 11:01:04 AM