Opec's Houston huddle only deepens dilemma of extending cuts

2017-03-09 14:27

The Opec ministers have met with partners and rivals in Houston this week as they try to figure out whether to prolong production cuts, that decision only got harder.

Russia says to meet oil output cut deal by April

2017-02-16 13:57

Russia has said it will fully comply with an oil output cut agreement with other oil producing countries by the end of April.

Nigeria struggles to boost oil output

2017-02-08 14:00

Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years.

Opec shrugs off threat US will cut oil imports

2017-01-23 09:52

The Organisation of Petroleum Exporting Countries' two biggest suppliers to the US shrugged off a vow by President Donald Trump to end dependence on the group’s oil

Kuwait to start importing gas from Iraq - ministers

2016-12-29 13:01

Kuwait is set to begin importing gas daily from neighbouring Iraq, oil ministers from the two Arab nations say.

Oil extends longest run of gains since August

2016-12-27 16:25

Oil has extended the longest winning streak in more than four months before Opec and other producing nations start reducing output to stabilise the market.

Opec-Russia deal could drain almost half oil surplus

2016-12-13 09:38

On paper, the Organisation of Petroleum Exporting Countries (Opec)’s supply deal could drain almost half the global oil glut within six months.

Opec deal hinged on 2am phone call and it failed

2016-12-02 08:53

After months of meetings from Doha to Moscow, it was a morning phone call between two of the most powerful men in the global oil industry that finally broke the impasse.

Opec decision day rouses new optimism

2016-11-30 11:35

After weeks of often tense negotiations, Opec ministers are meeting in Vienna on Wednesday to try and salvage a deal to cut oil production and prop up global prices.

OPEC to remain split as Russia won't attend meeting

2016-11-29 10:53

OPEC officials have failed to make an agreement to cut production and revive oil prices, while Russia said it’s not planning to attend crucial talks on Wednesday.


Opec wins investors back as cuts prompt record bets on oil

2017-02-20 08:57

The members of the Organisation of Petroleum Exporting Countries have never taken supply cuts so seriously, and hedge funds are loving it.

Oil market 'responding positively' to output cut - OPEC

2017-02-08 18:40

Qatar's energy minister, the current OPEC president, says world oil markets are "responding positively" to output cuts implemented.

Opec convinces investors that its oil output cuts are real

2017-01-30 11:49

The Organisation of Petroleum Exporting Countries appears to have persuaded investors that it’s making good on promised production cuts.

Globalisation took hits in 2016, will 2017 lead to more?

2017-01-02 12:06

2016 was the year when globalisation, the path that the world economy has largely followed for decades, took some hefty blows

AA warns of hefty fuel price jump

2016-12-29 10:41

January 2017 will see the first of what the Automobile Association expects to be a series of fuel price hikes in the New Year.

Opec deal makes oil investors most bullish

2016-12-19 10:23

Investors are the most optimistic on oil since the slump began two and a half years ago.

Opec skeptics flee as production cut rockets oil past $50

2016-12-12 08:25

Investors are skeptical that Organisation of Petroleum Exporting Countries would cut output fled the market after the group came to an agreement.

Opec confounds skeptics, agrees to first oil cuts in 8 years

2016-12-01 06:52

Opec has confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years

Oil deal D-Day: Opec deadlock threatens plan

2016-11-30 08:30

An Opec deal to curtail oil production and prop up global prices appears in jeopardy as Iran says it won’t make cuts while Saudi Arabia insisted Tehran must play a role.

Opec pushes for oil deal as Saudis open door for no output cut

2016-11-28 07:33

Opec is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output.

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