Supply glut that hammered prices is gone, trader says in note ‘The noise surrounding negotiations is often misinterpreted’ Hedge fund manager Pierre Andurand says OPEC is still likely to agree Continue Reading
Qatar, Algeria, Venezuela in shuttle-diplomacy to secure deal Iran and Iraq considering proposals, but so far no agreement OPEC nations embarked on a final diplomatic effort to secure a deal Continue Reading
Qatar, Algeria, Venezuela in shuttle-diplomacy to secure deal Iran and Iraq considering proposals, but so far no agreement OPEC nations embarked on a final diplomatic effort to secure a deal Continue Reading
The oil market is “pretty pessimistic” about OPEC reaching a deal to cut production, BP Plc Chief Executive Officer Bob Dudley said. Oil prices will probably stay around current levels Continue Reading
Group will probably agree on output cuts in Nov.: PIRA’s Ross Prices could drop to $35 if no deal; $60 seen if deal reached OPEC members need to stop bickering Continue Reading
For two years, the Organization of the Petroleum Exporting Countries has appeared powerless to stop a slide in prices that has punished the economies of oil-dependent members, including Saudi Arabia. Continue Reading
OPEC members are making the task of oil market rebalancing harder by maximizing their production ahead of a ministerial conference at the end of November. OPEC output is actually increasing, Continue Reading
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. The oil market risks running another surplus in 2017 without an output cut from OPEC, as Continue Reading
Oil prices moved lower in early Thursday trading after the IEA said there may be too many factors at play to continue betting on OPEC’s production offer. Crude prices moved Continue Reading
OPEC’s oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog reported Thursday, highlighting the challenge the cartel will face Continue Reading
