Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week.
Brent crude went up to 47.94 a barrel, its highest since the start of the month, a five-percent rally no doubt also fuelled by comments from the Russian...
Riyadh plans to purposely reduce exports to the United States to force a reduction in the latter’s sizeable inventories, which are preventing a greater rise in... OilPrice.com - MarketsAlso reported by •Zero Hedge
OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came... OilPrice.com - MarketsAlso reported by •Globe and Mail
Libya has insisted that it remains exempt from the oil output reduction deal that OPEC today decided to extend by another nine months, to March 2018. According... OilPrice.com - MarketsAlso reported by •CJME •Wall Street Journal •Sify •Globe and Mail
Even as the OPEC and non-OPEC producers agreed to extend until March 2018 their ongoing oil output cuts, India has reached an understanding with the global oil... Zee News - BusinessAlso reported by •Sify •Globe and Mail