freeze

  • Iran Calls For OPEC Quota System

    Iran Calls For OPEC Quota System

    Sunday, 5th June 2016
    Iranian Minister of Petroleum, Bijan Zangeneh, said that Iran wants a quota system of production to be reinstated in the Organization of Petroleum Exporting Countries (OPEC).
  • GCC Members Seek to Revive Oil Output Deal

    GCC Members Seek to Revive Oil Output Deal

    Thursday, 2nd June 2016
    Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said.
  • Kuwait Calls on Oil Production Freeze

    Kuwait Calls on Oil Production Freeze

    Sunday, 15th May 2016
    The Kuwait's Deputy Foreign Minister stressed the importance of reaching a consensus among oil producing countries and he said that "There is no choice but to freeze production".
  • Iran Rejects Again ‘Self-Sanctioning’ Oil Freeze Plan

    Iran Rejects Again ‘Self-Sanctioning’ Oil Freeze Plan

    Wednesday, 11th May 2016
    Iran rejects again the call to freeze its oil output and emphasized that it will go ahead with its plans to increase its oil production to as high as 4m b/pd.
  • IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible

    IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible

    Monday, 25th April 2016
    The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to "pump as much oil as possible."
  • Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting

    Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting

    Wednesday, 13th April 2016
    Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze.
  • Latin America Calls for Steps to Improve Oil Prices

    Latin America Calls for Steps to Improve Oil Prices

    Sunday, 10th April 2016
    Latin American oil producers, including main exporters such as Venezuela, Colombia, Ecuador, and Mexico, asked to take the necessary steps to stabilize the global crude market in a bid to improve prices for the benefit of the producing and consuming countries.
  • Russian Oil Output Hits Record, Oil Freeze in Doubt

    Russian Oil Output Hits Record, Oil Freeze in Doubt

    Tuesday, 5th April 2016
    Russia’s oil output set a post-Soviet high in March as the success of a proposed crude production freeze between OPEC members and other major producers appeared to be in doubt.
  • Ecuador Calls on Colombia, Mexico to Freeze Oil Output

    Ecuador Calls on Colombia, Mexico to Freeze Oil Output

    Wednesday, 30th March 2016
    Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC producers in Doha.
  • Global Oil Producers to Debate Oil Output Freeze in mid April

    Global Oil Producers to Debate Oil Output Freeze in mid April

    Thursday, 17th March 2016
    OPEC and non-OPEC producers - Qatar, Saudi Arabia, Russia, and Venezuela - are expected to hold a meeting in the Qatari capital on April 17th to debate oil output freeze on the January 2016 levels. The meeting is a follow-up on previous negotiations held in February. The involved countries intend to call on other producers to follow suit.