Business Algeria

  • *Iran insists on much higher output targets. *Gulf OPEC members, Russia trying to persuade Iran. ALGIERS, Sept 27- Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran.

  • *Differences remain between Saudis and Iran. The energy ministers of Saudi Arabia and Russia were to give a joint briefing later in the day in Algiers where OPEC and other oil producers were holding informal talks on the sidelines of the Sept 26-28 International Energy Forum. "We will consult with everyone else, we will hear the views, we will hear the secretariat...

  • Sept 27- Goldman Sachs on Tuesday slashed its fourth quarter 2016 oil price forecast by $7 per barrel, citing a mounting crude surplus that could outweigh any short-term price support from a potential deal among top producers to limit output. The Wall Street bank lowered its fourth-quarter West Texas Intermediate price outlook to $43 a barrel from $50 a barrel.

  • *Iran insists on much higher output targets. *Gulf OPEC members, Russia still trying to persuade Iran. ALGIERS, Sept 27- Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and...

  • *No sign of Algiers output deal. Saudi Arabia dashed hopes on Tuesday that producers could clinch a deal at the Sept. 26-28 informal meeting of OPEC and other producers including Russia after sources within the exporter group said differences between the kingdom and rival Iran remained too wide. "It's all about what's going on in Algiers really... the prospect or no...

  • ALGIERS, Sept 27- Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran. We will consult with everyone else, we will hear the views, we will hear the secretariat of OPEC and...

  • OPEC freeze unlikely: Minister

    Nigerian Oil Minister Emmanuel Ibe Kachikwu, says that an OPEC freeze is not likely, but "honesty" is the real progress at the meeting in Algeria.

  • OPEC to release plan for possible cuts: Report

    CNBC's Hadley Gamble has the update from OPEC leaders meeting in Algeria to dicuss oil production.

  • ALGIERS, Algeria— Iran played down hopes Tuesday that a deal to limit oil production will emerge this week in a meeting in Algeria, prompting big falls in oil prices. Speaking in Algiers at a meeting of oil producers from all around the world, Iranian Petroleum Minister Bijan Namdar Zanganeh said an informal gathering of OPEC oil ministers due Wednesday is "just a...

  • *Investors look for sign of Algiers output deal. Saudi Arabia on Tuesday dashed hopes that OPEC oil producers could clinch a deal in Algeria this week after sources within the exporter group said differences between the kingdom and rival Iran remained too wide. "It's all about what's going on in Algiers really... the prospect or no prospect of a supply deal," Olivier...

  • ALGIERS, Sept 27- Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and Tehran remained too wide. We will consult with everyone else, we will hear the views, we will hear the secretariat of OPEC and also hear...

  • *Investors look for sign of output agreement as producers meet at Algiers energy conference. Saudi Arabia on Tuesday dashed hopes that OPEC oil producers could clinch a deal in Algeria this week as sources within the exporter group said the differences between the kingdom and rival Iran remained too wide. Sources told Reuters last week that Saudi Arabia had...

  • Hopes fade for OPEC oil freeze deal

    Saudi Arabia needs to cut rather than freeze, says Barclays' Miswin Mahesh providing his outlook on oil as OPEC and non-OPEC producers fail to agree on oil production.

  • ALGIERS, Sept 27- Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that talks among OPEC and non- OPEC oil producers in Algiers this week are consultative, casting doubt on the chances of any policy decision during the meeting. Non- OPEC producer Russia is also attending. We will consult with everyone else, we will hear the views, we will hear the...

  • ALGIERS, Sept 27- Russian Energy Minister Alexander Novak said on Tuesday it was hard to tell whether talks between OPEC and non- OPEC oil producers in Algiers this week would produce an agreement to stabilize the market. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups...

  • *Investors look for sign of output agreement as producers meet at Algiers energy conference. Major oil producers are gathering in Algeria for a three-day meeting that could see moves to cut or freeze oil output in an effort to support oil prices. The Organization of the Petroleum Exporting Countries and other oil producers led by Russia are meeting informally...

  • Major oil producers are gathering in Algeria for a three-day meeting that could see moves to cut or freeze oil output in an effort to support oil prices. The Organization of the Petroleum Exporting Countries and other oil producers led by Russia are meeting informally on the sidelines of the International Energy Forum in Algeria from Sept. 26-28.

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. "Unless there's an impressive production cut by OPEC on top of a freeze, I think we'll give back...

  • *OPEC/ non- OPEC graphic: http://tmsnrt.rs/2ctYZNY. ALGIERS, Sept 26- Iran downplayed on Monday the chances of OPEC and non- OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014...

  • *Russia and other top world producers gather in Algeria. MOSCOW, Sept 26- Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude. It said the cost of production of...