Edition: United Kingdom  
One News Page
“Probably the fastest-access news portal in the world”
> >

Oil Rises On EIA Data Despite OPEC Deal Doubts

OilPrice.com Wednesday, 23 November 2016 ()
  Happy Thanksgiving Eve! A fairly neutral EIA report - tilted a wee bit bullish for crude, bearish for the products - has been a welcome distraction, before a surgical focus has returned to every rumor and murmur out of OPEC delegates. So to distract from all of this, hark, here are six things to consider in oil markets today: 1) This splendid CNBC article is based on our ClipperData. Via a number of charts it highlights the ramp up we have seen in Saudi, Iraqi - and particularly - Iranian oil exports. The chart below highlights how Iranian…
Share on
Share on
Post on 
Share by
Source: Reuters Studio - < > Embed

News video: Oil tumbles on doubts over OPEC production cut

Oil tumbles on doubts over OPEC production cut 01:12

Oil prices have fallen almost 4 percent on signs leading oil exporters in OPEC were struggling to agree on a deal to cut production to reduce global oversupply. As Laura Frykberg reports, Brent saw the biggest daily percentage decline since early September.

You Might Like

Recent related news

Oil price rally likely short-lived as OPEC deal not enough to reduce glut

(Reuters) - The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only...
Reuters - Business

FTSE LIVE: Footsie bounces with oil price on optimism over Opec deal; RBS drops

FTSE LIVE: Footsie bounces with oil price on optimism over Opec deal; RBS drops
In opening deals, the FTSE 100 index was up 16.9 points, or 0.2 per cent at 6,788.9, having closed 27.47 points lower yesterday as oil prices dropped ahead of...
thisismoney.co.uk - MarketsAlso reported by •Reuters

Bearish EIA Data Can’t Keep Oil From Rallying

On the day of a historic OPEC agreement to cut production in a desperate attempt to spur markets on the road to rebalancing, the EIA reported an anticlimactic...
OilPrice.com - Markets

Oil Prices May Plunge To $20 If OPEC Fails To Clinch Deal

Two months ago, OPEC took the market by surprise by saying that it ‘agreed to agree’ on a deal to cut production to between 32.5 and 33.0 million bpd in a...
OilPrice.com - MarketsAlso reported by •AutocarBBC News

Saudi Arabia Is Willing To Sink The OPEC Deal

After two months of trying to convince its OPEC peers to get on board with a production cut, it could end up being Saudi Arabia that walks away from a deal,...
OilPrice.com - Markets

OPEC Deal Could Trigger Drilling Boom In U.S. Shale

If anyone is cheering the news of an OPEC deal it is U.S. shale producers. The OPEC agreement sent oil prices shooting up this week, with WTI and Brent quickly...
OilPrice.com - Markets

U.S. Shale Patch Welcomes OPEC Deal – But Needs $60 Oil

Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to...
OilPrice.com - MarketsAlso reported by •BBC News

Suckered Again: How Likely Is An OPEC Production Cut?

The drama surrounding the OPEC production freeze continued over Thanksgiving weekend, as the main players continue to position themselves in advance of...
OilPrice.com - MarketsAlso reported by •BBC News

Other recent news in Markets

In Sunday's "Day Of Reckoning", Austria Braces For Historic PRESIDENTIAL ELECTION ResultISIS Victim's FAMILY Sues Twitter, Facebook For Profiting From Terrorism
DONALD TRUMP doubles down on 35% tax for businesses that ship jobs out of U.S.MICROSOFT CORPORATION: Is This a Tipping Point for MSFT Stock?
Miss These MEDICARE Enrollment Deadlines and You'll Probably Regret It24 Confirmed Dead In OAKLAND FIRE
SPACEX Plans a Return to Flight Next WeekUNITED Settles Charges In Case Of Flight Route To Benefit Public Official
Animals Don CHRISTMAS Jumpers to Help Some of Africa's Poorest Farmers This CHRISTMAS


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2016 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+