Search Results for: OPEC
Aussie near 3-week highs, kiwi steady after OPEC deal
September 29th, 2016
The Australian slid lower against its U.S. counterpart on Thursday, after hitting a three-week high earlier in the session, while the New Zealand dollar held steady following news an production cap deal was struck by major oil producers. AUD/USD fell ...
Asia markets rally after oil prices surge on OPEC production cut deal
September 29th, 2016
The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. Australia’s ASX 200 was up 1 percent in afternoon trade, with the energy sector rallying 6.54 percent, while ...
OPEC Agrees to First Oil Output Cut in Eight Years
September 29th, 2016
Oil club to cut output to as low as 32.5 million barrels a day Deal indicates Saudi Arabia and Iran resolved some differences OPEC agreed to the outline of a deal that will cut production for the first time ...
Oil Rally Fervor Cools as OPEC Output at Record Before Talks
September 5th, 2016
Investors cut bets on oil rally by most in two years: CFTC OPEC production reached 33.69 million barrels a day last month Investors are realizing that OPEC’s talk of a production freeze may not be much of a restraint, ...
Oil prices: OPEC may finally take action if crude’s slide continues
August 9th, 2016
Oil’s recent dip back into the $30s per barrel may be enough to get some OPEC members to curb their bickering and consider joint action — especially if oil plummets again. Considering a deal and agreeing to one are ...
Opec: No Deal Amid Saudi-Iran Stand-Off
June 2nd, 2016
Oil prices have remained flat in early Asian trading, as investors await the outcome of today’s Opec meeting in Vienna. Early this morning, Brent crude was trading at just under $50 a barrel – less than half the level ...
Japanese Stocks Drop as Yen Advances; Oil Near $49 Before OPEC
June 2nd, 2016
Euro climbs to one-week high before ECB policy review Haven assets including gold and U.S. Treasuries rise Japanese stocks fell by the most in a month and the yen strengthened after Prime Minister Shinzo Abe held back a widely ...
OPEC has turned into battleground between Saudi Arabia and Iran
May 30th, 2016
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran, writes Rakesh Upadhyay of Oilprice.com. Relations between the two countries have reached a new low. ...
Goldman Sachs warns Opec meeting in Doha will not deliver ‘bullish surprise’ for oil prices
April 12th, 2016
The meeting of oil producing nations scheduled at the end of the week in Doha was unlikely to result in a “bullish surprise” for oil prices, Goldman Sachs has warned. The investment bank said there was a very low ...
Can A Divided OPEC Agree On Anything In Doha?
April 6th, 2016
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...
