Citi: Prepare For An OPEC Disappointment
A week out from the OPEC meeting, everyone is assuming a rollover of the production cuts for an additional nine months will be a simple formality, putting the limits in Continue Reading
Oil Investors’ Surprise New Worry: An Over-Achieving OPEC
Journalists listened to OPEC ministers attending a meeting in Vienna on Wednesday, where members reviewed progress on their 2016 agreement to curb oil output. After years of doing too little, Continue Reading
OPEC, Russia Said To Announce Oil Pact Extension On Nov 30
Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported on Continue Reading
OPEC Set To Move Fast On Cut Extension Decision
A draft agenda for next week’s meeting of OPEC’s energy ministers suggests the decision to extend the oil production cuts until the end of 2018 is all but made, at Continue Reading
Russia-OPEC Agree on Framework to Extend Oil Cuts
Kremlin said to be willing to announce end-2018 deal on Nov 30 Various options still on the table, says Energy Minister Novak OPEC and Russia have crafted the outline of Continue Reading
Putin Crowns Himself OPEC King
For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if Continue Reading
Russia ready to support oil output deal as OPEC meeting looms
Russia said on Friday it is ready to support extending a deal among oil producers on cutting output, less than a week before OPEC meets in Vienna to discuss policy, Continue Reading
OPEC Will Extend The Cut
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply Continue Reading
OPEC agenda points to short meeting to set oil policy
A draft agenda for OPEC’s meeting on Nov. 30 in Vienna pencils in three hours for the group’s oil ministers to decide whether to extend their oil supply curbs, indicating Continue Reading
Russia is ready to discuss extension of OPEC deal in Vienna: TASS cites Novak
Russia is ready to discuss an extension of a global deal between OPEC and other countries to cut oil output in Vienna on November 30, TASS news agency quoted the Continue Reading