Oil prices have jumped 5%
Oil prices have jumped 5% to over $54/bbl after OPEC and non-OPEC producers signed their first deal to cut output since 2001. Led by Russia, non-OPEC nations agreed to reduce production by 558K barrels per […]
OPEC
OPEC experts have made progress on confirming details of plans to cut output
OPEC experts have made progress on confirming details of plans to cut output, in the first day of a two-day meeting of the group’s High-Level Committee. While some said Iran still had reservations about the […]
OPEC oil producers could clinch an output-limiting deal
Saudi Arabia and Iran have dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said differences between the kingdom and Tehran remained too […]
OPEC, Saudi remarks give oil bulls hope
OPEC’s comments and Saudi Arabia’s indication that it is interested in stabilizing the market have encouraged oil bulls. “The fact that the Saudis are open to any action is an important signal,” said Mike Wittner, […]