Saudi Arabia Will Not Break The OPEC Deal
The OPEC deal is turning out to be a failure, but has it led the Saudi’s to abandon the deal? Have they cheated on their numbers? These were the questions Continue Reading
Oil loses out after weekend meeting of OPEC
Crude oil prices lost traction early Monday after parties to an OPEC-led production deal delayed action on a possible extension until next month. Crude oil prices got support Friday as Continue Reading
Fruitless OPEC Meeting Sees Oil Prices Edge Lower
Oil prices are subdued to start the week, as the weekend’s compliance meeting has done little to allay oversupply fears. As WTI continues to trek on in forty-dollardom, hark, here Continue Reading
Pro-Extension Voices In OPEC Become Louder
In a statement , the joint committee of seven oil ministers from the parties to the cut said that the deal could be extended for another six months, depending on Continue Reading
OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve
To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil market, monitor their progress and Continue Reading
Iranian oil minister says global oil cuts deal likely to be extended
Iranian Oil Minister Bijan Zanganeh told reporters on Tuesday that a global oil cuts deal is likely to be extended, but that time is needed to discuss the subject thoroughly Continue Reading
Oil Exporters Nearly Back to Square One on Deal
You don’t need a fancy degree in petroleum engineering to figure out what has been weighing on oil prices—grade school math will do the trick. U.S. benchmark prices rallied from Continue Reading
Oil Producers Consider Output Cut Extension as Support Grows
Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles. Five OPEC members and Oman backed Continue Reading
Oil nations look at extending supply cut
Major oil producers are considering extending their recent cuts to output in a fresh bid to boost prices. Countries in the oil cartel Opec and several other oil nations started Continue Reading
OPEC, non-OPEC oil producers meet in Kuwait over output-cut compliance
A worker checks the valves at Al-Sheiba oil refinery in Basra, Iraq, January 26, 2016. OPEC and rival oil producers are meeting in Kuwait on Sunday to review their progress Continue Reading