opec

China launches $11 billion fund for Central, Eastern Europe

China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday. The China-Central Eastern Europe fund will

View post: 
China launches $11 billion fund for Central, Eastern Europe

opec

Mexico peso jumps after FBI clears Clinton over emails ahead of election

Mexico's peso jumped on Sunday after the FBI announced it stood by a previous decision to not charge Democratic candidate Hillary Clinton over emails related to her private server, a decision that comes just two days before the election. The peso , which has been hit by the rise of Republican candidate Donald Trump and his policies that are seen hurting Mexico's economy, extended gains to rise 2.25 percent…

Original post:
Mexico peso jumps after FBI clears Clinton over emails ahead of election

opec

Algeria says confident OPEC members will stick to Algiers output deal

Algeria's Energy Minister Nouredine Bouterfa said on Sunday he was confident OPEC members would stick to a deal made in Algiers in September to cut output, saying the group's technical committee was working on applying the deal. “There will be no return on the Algiers agreement. The high-level technical committee is working

Read more:
Algeria says confident OPEC members will stick to Algiers output deal

opec

Non-OPEC yet to pledge concrete oil output steps after meeting OPEC

Non-OPEC producers made no specific commitment on Saturday to join the Organisation of the Petroleum Exporting Countries in limiting oil output levels to prop up prices – a stance that suggested they wanted OPEC to solve its differences first. Officials and experts from OPEC countries and non-OPEC nations including Azerbaijan, Brazil, Kazakhstan, Mexico, Oman and …

Originally posted here:
Non-OPEC yet to pledge concrete oil output steps after meeting OPEC

opec

Iran downplays chances of oil deal, UAE keen on freeze

By Alex Lawler and Rania El Gamal ALGIERS (Reuters) – Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing that would boost revenues from oil exports and help their crippled budgets. The …

Continued here:
Iran downplays chances of oil deal, UAE keen on freeze

opec

OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organization of the Petroleum Exporting Countries (OPEC) would decline by 660,000 barrels per day (bpd) in 2016, led by the United States, OPEC said in a

View original here:
OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

« Previous Page