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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 »
Oil rises on Opec decision to cut supply in JanuaryBrent climbs after the producer cartel and some non-affiliated suppliers agree to a supply cut of 1.2-million barrels a day
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 »
Oil falls on China economic data as Opec cuts support crudeChinese data stokes worries over oil demand outlook with the IEA expecting a deficit in oil supply by the second quarter of next year
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil extends recent rally on support from Opec cutsPetromatrix strategist Olivier Jakob says momentum is returning ‘from very depressed price levels’
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil prices edge up on US-China trade-talk hopes and Opec cutsOpec-led crude supply cuts support oil prices but US crude output from shale drilling could already be above 12-million bpd
Source: BDliveSA - 🏆 12. / 63 Read more »
Saudi minister ‘very optimistic’ about oil marketAfter Opec-led supply cuts, the Opec leader is confident that ‘within the next few weeks’ the market conditions will return to normal
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil wobbles amid slowdown worries, but Opec cut lend supportBrent slips as signs of a global economic slowdown mount
Source: BDliveSA - 🏆 12. / 63 Read more »
Opec to release country quotas for oil output cutThe table detailing voluntary output cut quotas for its members and allies is in an effort to shore up prices OPEC oil cuts, why do we have to start 2019 with these bad news. Petrol price already at record levels.
Source: BDliveSA - 🏆 12. / 63 Read more »