Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

OPEC agrees to cut output to push up oil prices

L.A. Times Wednesday, 30 November 2016
OPEC has agreed to cut its oil production for the first time in eight years in an effort to boost crude prices. 

The cartel will cut 1.2 million barrels a day from its present output after its 14 members put aside differences at a meeting Wednesday to agree on individual production levels. 

The...
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Business Video Online - < > Embed

News video: Oil rallies ahead of OPEC decision on output

Oil rallies ahead of OPEC decision on output 01:28

Oil prices rose 3 percent on Monday to their highest in three weeks, catching a lift from a weaker dollar, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week. Hayley Platt reports.

You Might Like


Recent related news

Capping Libya, Nigeria Output Won’t Help Erase The Glut

The steady recovery of oil production in Libya and Nigeria in recent months has prompted OPEC to consider limiting the output of the two African producers that...
OilPrice.com - MarketsAlso reported by •Seattle TimesThe Age

Oil Prices Slip On Falling OPEC Compliance

Oil prices fell on Friday after preliminary reports showed that OPEC’s July output has increased once again while deeper cuts remain unlikely  (Click to...
OilPrice.com - MarketsAlso reported by •RTE.ieSeattle TimesCity A.M.

Saudis Consider Further Cuts To Oil Exports

The latest word from the OPEC rumor mill is that pack leader Saudi Arabia is planning more oil export cuts – causing oil prices to jump on Tuesday. Oil futures...
OilPrice.com - Markets

Most oil players losing confidence in the market, IEA says

Most oil players losing confidence in the market, IEA says
Washington (UPI) Jul 13, 2017 Oil market investors are losing confidence over OPEC's effort to offset the glut of supplies, though the impact could be hitting...
Energy Daily - Science

One Way Or Another – Venezuela Will Send Oil Prices Up

One Way Or Another – Venezuela Will Send Oil Prices Up
Authored by Nick Cunningham via OilPrice.com, *In a desperate bid to survive its economic meltdown, Venezuela is lobbying other OPEC members to agree to...
Zero Hedge - Markets

Junk Bonds Are Finally Starting To Care About Oil

Junk Bonds Are Finally Starting To Care About Oil
Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to...
Zero Hedge - Markets

OPEC Sees July Oil Output Increase By 145,000 Bpd

OPEC’s crude oil production is expected to increase by another 145,000 barrels per day in July over June, driven by higher production in Saudi Arabia, Nigeria,...
OilPrice.com - Markets

Head Of Libya’s NOC To Attend OPEC/Non-OPEC Meeting

OPEC has invited Libya to share its production plans with the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) next week, and Libya will attend the...
OilPrice.com - Markets


Other recent news in Business

Sean SPICER quits as White House press secretaryInvivo Wines makes Graham NORTON video
Pro-Trump media celebrates Spicer's departure, SCARAMUCCI's appointmentWELLS FARGO Accidentally Releases Trove of Data on Wealthy Clients
BEYONCE WAX FIGURE touched up after fans say it's 'too white'Philippines' Duterte says will never visit 'lousy' UNITED STATES
Philippines to extend MARTIAL LAW to year endHow THE WARRIORS requirement for a 30-year 'membership' fee to buy season tickets will work

Twitter

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+