As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The report comes a.. OilPrice.com
Submitted by Nick Cunningham, via OilPrice.com,
OPEC succeeded in* pulling off what many thought was impossible*, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output... Zero Hedge Also reported by •OilPrice.com
Dec.07 -- In today's "Futures in Focus," Chris Gersch of Bell Curve Capital and Bloomberg's Alix Steel examine oil market momentum following OPEC's agreement to cut production levels. They speak on.. Source: Bloomberg Global Business -
Dec.07 -- Nigerian Petroleum Minister Emmanuel Ibe Kachikwu discusses the OPEC production cut deal, oil prices in 2017 and the outlook for oil in Nigeria. He speaks to Bloomberg's Yousef Gamal El-Din.. Source: Bloomberg Global Business -
Stocks fluctuated as oil prices fell on worries over a deal among major oil-producing nations. OPEC production rose in November, making adhering to an output limit more difficult come January. U.S... Source: The Street -
Dec.06 -- Pierre Andurand, founder and chief investment officer at Andurand Capital, examines the expected gains in U.S. shale oil production as prices rise in response to OPEC's production cut. He.. Source: Bloomberg Global Business -
Dec.06 -- Pierre Andurand, founder and chief investment officer at Andurand Capital, examines the OPEC production cut as he believes the market has not yet priced in the move and sees prices quickly.. Source: Bloomberg Global Business -
Global stocks extended the longest winning streak since September, with Asia up 0.8% and Europe rising 0.7% while bonds and credit markets strengthened amid hopes that the European Central Bank will.. Zero Hedge
The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to.. OilPrice.com
After rallying to 16 month highs on the back of the OPEC output deal, oil is falling as a result of record OPEC production, complicating the proposed cuts. (Click to enlarge)Chart of the Week (Click to.. OilPrice.com
Contrary to many analysts’ expectations, OPEC successfully reached a deal to cut production on Wednesday. The deal, while still contingent upon non-OPEC production cuts, would see total OPEC.. OilPrice.com
OPEC deal to cut 1.2 MMBOPD could return market to balance in the first half of 2017 Crude oil prices surged Wednesday following news from OPEC that the group agreed to cut 1.2 MMBOPD of production.. OilPrice.com
Energy mogul Harold Hamm will not be taking President-Elect Trump up on his offer to name him Energy Secretary, according to Fox News. Hamm, who yesterday cleared a cool $3 billion in less than three.. OilPrice.com
Crude rose by 9 per cent to around $50.50 a barrel on the deal, which cuts Opec production to 32.5m barrels per day – a fall of around 1.2m barrels per day. MailOnline Also reported by •thisismoney.co.uk
Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the ministerial meeting in.. OilPrice.com
Oil prices have soared after suffering heavy losses yesterday as hopes rise once more that Opec will agree to an output cut.
As the Opec meeting to discuss cuts began prices had risen by over three.. City A.M.
It's all getting very nervy ahead of the Organisation of the Petroleum Exporting Countries' (Opec) meeting later today.
Members of the producer cartel will be trying to get the deal done on an.. City A.M.
NEW YORK (Reuters) - Oil slumped 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at.. Reuters
Oil markets recorded heavy falls on Tuesday as a long-mooted supply cut by Opec looks increasingly unlikely.
Prices of West Texas Intermediate (WTI), the North American benchmark, fell as low as.. City A.M.