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Alex Lawler

Risking Trump ire, OPEC builds case for oil supply cut

8:01am EST

LONDON OPEC built a case on Tuesday for cutting oil output when it meets next month, warning that a supply glut could emerge in 2019 as the world economy slows and rivals increase production more quickly than expected.

Return to oil production cuts in 2019 cannot be ruled out: OPEC sources

Nov 07 2018

LONDON A return to oil production cuts by OPEC and its allies next year cannot be ruled out, two OPEC sources said on Wednesday, to avert a possible supply glut that could weigh on prices.

Iran oil exports to plummet in November, then rebound as buyers use waivers

Nov 06 2018

SINGAPORE/LONDON Iran's oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would reimpose sanctions on Tehran, but with waivers in hand the Islamic Republic's major buyers are already planning to scale up orders again.

OPEC oil output rises to highest since 2016 despite Iran: Reuters survey

Oct 31 2018

LONDON OPEC has boosted oil production in October to the highest since 2016, a Reuters survey found, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to U.S. sanctions.

Under the radar: Iran's oil exports harder to track as sanctions loom

Oct 29 2018

LONDON According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4.

OPEC, allies may need to change course as oil inventories rise: panel

Oct 25 2018

LONDON/RIYADH OPEC signaled on Thursday it may have to return to oil production cuts as global inventories rise, in a statement that may further sour relations with U.S. President Donald Trump.

Exclusive: OPEC, allies struggle to fully deliver pledged oil output boost - internal document

Oct 19 2018

LONDON OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.

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