OPEC may ask oil producers outside the cartel to make big cuts in output, Azerbaijan said on Thursday, highlighting the challenges in striking a deal as the two sides enter Continue Reading
Country urges OPEC to reduce output by 900,000 barrels a day Nation had previously insisted it should be exempt from cuts Iraq will shoulder part of the burden of oil-output Continue Reading
Russia has yet to plan how to freeze oil production and there has been no agreement among its leading producers on output curbs, three senior industry sources told Reuters on Continue Reading
OPEC talks in Vienna Tuesday didn’t resolve whether Iraq and Iran will join any production cuts, instead deferring the crucial matter to ministers who will meet on Nov. 30, said Continue Reading
Both Iraq and Iran seek exemptions to Saudi-backed output cuts Pair wields clout producing almost a quarter of OPEC supply Saudi Arabia’s dominance of OPEC isn’t what it once was. Continue Reading
OPEC experts have made some progress on the first day of a two-day meeting to nail down details of their plan to cut oil output, OPEC sources said on Monday, Continue Reading
The boost to oil prices from any potential OPEC agreement to curb supply when it meets next week will have only a short-term impact, Statoil’s chief economist said on Monday. Continue Reading
Oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week as delegates said talks on assigning quotas to individual countries made Continue Reading
Goldman Sachs Group Inc. raised its oil-price forecast for early next year, while Russia, Iran and Iraq separately signaled optimism that producer nations will be able to reach a deal Continue Reading
Iraq may not be going rogue on the OPEC deal after all, and will apparently be putting up three new proposals for discussion at the cartel’s technical meeting in Vienna Continue Reading
