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OPEC makes last-ditch bid to save oil deal as tensions grow

November 28, 2016 by · Leave a Comment 

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT (4:00 a.m. ET) and were due to make recommendations to their ministers on how exactly…

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OPEC makes last-ditch bid to save oil deal as tensions grow

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Saudi wants OPEC to solve own problems before meeting non-OPEC

November 26, 2016 by · Leave a Comment 

DUBAI/LONDON (Reuters) – Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first. The Nov. 28 meeting

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Saudi wants OPEC to solve own problems before meeting non-OPEC

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OPEC points to even bigger 2017 oil surplus as its output jumps

November 11, 2016 by · Leave a Comment 

By Alex Lawler LONDON (Reuters) – OPEC reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group's attempt to curb supply, pointing to …

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OPEC points to even bigger 2017 oil surplus as its output jumps