Wednesday, 20 June 2018 The latest from Vienna is that Russia and Saudi Arabia are leaning towards the aggressive end of the suite of options under consideration, but as always, the negotiations remain fluid. Reuters said that Saudi Arabia and Russia could push a 1.5-million-barrel-per-day increase as a negotiating tactic in order to get the rest of the group to sign on to increases of around 500,000 to 700,000 bpd. In fact, the Wall Street Journal reported that Saudi Arabia was shopping a 500,000-bpd increase to fellow OPEC members this week. Some sort of increase seems…
According to a report by Reuters, OPEC agreed with Russia and other oil-producing allies to raise output from July on Saturday, with Saudi Arabia promising a 'measurable' supply boost. Non-OPEC oil producers have reportedly agreed to participate in the pact without agreeing to any concrete numbers...
Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of..
Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes. Julian Satterthwaite reports.
According to a report by Reuters, on Tuesday, Iran's Oil Minister Thamer Ghadhban said that the shortfall in oil supply caused by new US sanctions on Iran had yet to be gauged ahead of an OPEC meeting..
The FT's Mike MacKenzie explains what to watch for in the markets today, including the equities rally subsiding on Trump's political risk. Focus this week is on the Italian referendum and the upcoming..
By Devika Krishna Kumar NEW YORK (Reuters) - Oil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects... Firstpost - BusinessAlso reported by •Reuters
OPEC expects global oil demand to grow at a daily rate of 1.5 million bpd this year, further slowing down to 1.29 million bpd in 2019, the organization said in... OilPrice.com - MarketsAlso reported by •FT.com