OPEC ministers attend an informal meeting on the eve of the Vienna meeting. VIENNA—OPEC members said Thursday they were poised to agree to extend their efforts to cut crude-oil production Continue Reading
The OPEC circus continues to make headlines. All the five-star hotels are booked, as market analysts fervently examine their glass balls to predict the outcome of Thursday’s big meeting. Again, Continue Reading
Will it be six months or nine months? Some ministers unconvinced of need to keep cuts for full 2018 Lack of agreement on how long stock surplus will last: Falih Continue Reading
After months of talk and speculation regarding OPEC’s production cuts, the moment of truth is almost upon us—the cartel and its allies are meeting in Vienna this week to decide Continue Reading
The investment bank warned that the oil market could be disappointed in a few days because there is a higher degree of uncertainty heading into the talks than there was Continue Reading
Do you remember who first said anything about extending the oil production cut deal until the end of next year? It wasn’t Saudi Arabia or any other Gulf producer. It Continue Reading
Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year. Brent crude oil Continue Reading
Strategy of cartel has helped to deplete half surplus stocks Bolstering prices is emboldening American shale-oil drillers The clash between OPEC and America’s oil industry is reaching a day of Continue Reading
OPEC is heading for tougher-than-expected policy talks this week amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further Continue Reading
OPEC is on the verge of extending its production cuts for an additional nine months, pushing the deal through the end of 2018. But the determination to keep the cuts Continue Reading
