Algiers deal aims to fix unprecedented oil-inventory glut Even the maximum cut OPEC’s considering wouldn’t achieve this Even if OPEC defies a skeptical market by implementing output cuts in full, Continue Reading
Secretary-general comments after meeting Iraqi oil minister Minister Al-Luaibi ‘optimistic’ nations can reach output deal OPEC Secretary-General Mohammed Barkindo said the 14-nation group is facing its toughest challenge as members Continue Reading
The OPEC logo is seen outside their headquarters in Vienna, Austria, October 24, 2016. Iraq told a top OPEC official on Tuesday of its hope that the group could reach Continue Reading
OPEC must reduce output by at least 1.3 million barrels a day Iraq joins list of nations seeking exemption from Algiers deal Saudi Arabia faces the prospect of much deeper Continue Reading
Country says it pumped 4.7 million barrels a day in September OPEC cuts shouldn’t be at Iraq’s expense: Minister Al-Luaibi OPEC’s second-largest producer threw an obstacle in the group’s path Continue Reading
People carrying umbrellas walk by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. OPEC should be able to reach a deal next month Continue Reading
OPEC will wait until after the U.S. presidential election on November 8 before deciding whether it will invite the US head of state to attend the cartel’s Vienna meeting on Continue Reading
As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd… (Click to enlarge) … driven by Continue Reading
OPEC’s struggle with the first step of its new production deal — agreeing on how much its members are pumping — deepened as Iran became the third nation to openly Continue Reading
Group surprised market last month with plan to cut production Big Oil must invest to avoid supply crisis, Dogma Capital says When the bosses of the world’s biggest oil companies Continue Reading
