Search Results for: OPEC
What the OPEC Production Cut Will Really Mean for Oil Prices
December 1st, 2016
Crude oil prices–and the shares of U.S. oil and gas companies–surged over 8% Wednesday as the Organization of Petroleum Exporting Countries (OPEC) agreed to cut its output by some 1.2 million barrels a day to end a global glut. ...
Oil prices surge, smash trading volume records as OPEC and Russia agree output cut
December 1st, 2016
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned they could remain modest by historical comparison as other producers ...
OPEC reportedly reaches agreement to cut oil production
November 30th, 2016
OPEC has reached a deal amongst all 14 member countries to curtail oil production for the first time since 2008, according to several media reports. Multiple media reports, citing unmanned sources which cannot be verified by CNBC, said member ...
Oil prices edge up ahead of OPEC meeting
November 30th, 2016
It’s all getting very nervy ahead of the Organisation of the Petroleum Exporting Countries‘ (Opec) meeting later today. Members of the producer cartel will be trying to get the deal done on an output cut to clamp down on ...
Oil Retreats Below $47 Before OPEC Meeting as Metals Snap Rally
November 29th, 2016
Copper suffers in first loss for seven days; zinc, nickel down European stocks open lower with Italy focus; Asia shares mixed Oil retreated back below $47 as OPEC members failed to bridge their differences on production cuts, while a ...
Dollar claws back some losses as investors look to U.S. data, OPEC
November 29th, 2016
The dollar clawed back some losses on Tuesday as Italian political woes weighed on the euro, though the greenback remained shy of recent highs after U.S. Treasury yields stepped back from multi-month highs. Volatile crude oil prices ahead of ...
Oil prices fall on strong dollar, trading thin ahead of OPEC meeting
November 25th, 2016
Oil prices fell on Friday, under pressure from a strong dollar, but activity was low after the U.S. Thanksgiving holiday and as many traders are reluctant to take big new positions ahead of a planned OPEC-led crude output cut ...
Oil prices fall on renewed doubts on OPEC-led production cut
November 23rd, 2016
Oil prices fell in Asian trade on Wednesday, reversing earlier gains, as doubts re-emerged over whether OPEC would agree to a crude oil production cut at a ministerial meeting next week. A strong dollar, which traded near the 13 ...
Rally for oil prices stretches further as optimism builds for OPEC deal
November 22nd, 2016
Oil futures extended their advance into a third session in Asia trading Tuesday, as anticipation over a production cut at next week’s meeting of the Organization of the Petroleum Exporting Countries continued to build. Light, sweet crude for January ...
Oil prices climb on expectation of OPEC-led output cut
November 21st, 2016
Oil prices rose by more than 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein in oversupply that has put pressure on prices for over two years. International Brent crude oil futures ...
