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Oil rises above $57 on China-US January trade talks and Opec cutsOpec supply cuts are also supporting oil prices as the API reports US crude stocks fell by 4.5-million barrels
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil rises by 1% before Opec meeting, Canadian supply cutsA commitment by Russia to co-operate with Opec has lifted sentiment, helped by a halt in the China-US trade war and Canada’s mandatory production cuts
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil rides market-rebound waveBrent climbs on the expectation that an Opec-led output cut will stabilise the market
Source: BDliveSA - 🏆 12. / 63 Read more »
Qatar to leave Opec in JanuaryThe producer, the world’s largest liquefied natural gas exporter, says it has reviewed ways to enhance its role and plan long-term strategy
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil slumps, but market watches Opec meetingTrading is slow as the market waits for the outcome of the producer cartel’s meeting in Vienna
Source: BDliveSA - 🏆 12. / 63 Read more »
OPEC meets as Trump calls for oil taps to be kept onOil ministers from 20 or so countries busily criss-crossed the Austrian capital on Wednesday for preparatory negotiations ahead of the two-day meet at the headquarters of the Organization of Petroleum Exporting Countries.
Source: TimesLIVE - 🏆 28. / 59 Read more »
OPEC, partners face stiff test to agree oil cut deal
Source: ewnupdates - 🏆 30. / 53 Read more »
Oil prices extend gains on expected Opec-led supply cutsBrent benefits from an order that Canadian producers scale back output until excess crude in storage is reduced
Source: BDliveSA - 🏆 12. / 63 Read more »
OPEC caught between Trump and falling oil pricesOPEC members and other oil-producing countries convene in Vienna this week to discuss lowering their output, as they scramble to buffer their earnings against plunging crude prices, while also coming under heavy US pressure to ensure that the commodity stays cheap.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Oil climbs as investors digest Qatar’s plan to leave OpecThis is also ahead of a meeting this week of the producer cartel during which it is expected to agree to cut supply
Source: BDliveSA - 🏆 12. / 63 Read more »