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

OPEC agrees to slash daily output in bid to raise global oil prices

France 24 Wednesday, 30 November 2016
The OPEC oil cartel reached a deal Wednesday to reduce its output for the first time in eight years, Qatar's energy minister and president of the OPEC conference said.
Share on
Share on
Post on 
Share by
Source: euronews (in English) - < > Embed

News video: Oil prices surge up on output cut hopes

Oil prices surge up on output cut hopes 01:05

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...

You Might Like

Recent related news

Memo From Moscow: Will Russia Stick to Promise to Cut Output With OPEC? Skepticism Abounds

The Kremlin has a long history of trying to jawbone up global oil prices while doing as little as possible, or nothing, to curb output.
NYTimes.com - Europe

India ticks off Opec for price bias 

On a day global oil prices jumped nearly one per cent to 53.89 on expectation of Opec extending its production cut deal, India on Monday reminded the grouping of...
IndiaTimes - Sports

Saudi Arabia To Trim Oil Exports To US To Force Inventories Lower

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

Oil Prices Rise As OPEC Discusses Deeper Output Cuts

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

OPEC, non-OPEC hold informal talks to nail new oil cuts

VIENNA (Reuters) - OPEC and non-OPEC ministers meet for informal consultations in Vienna on Wednesday in a last-ditch bid to agree the duration of oil output...
Reuters - Business

Libya Insists On Keeping Oil Output Cut Exemption

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 •CJMEWall Street JournalSifyGlobe and Mail

GLOBAL MARKETS-World stocks hit record after Fed minutes, oil up as OPEC meets

World stocks hit record highs on Thursday and the dollar dipped after the U. S. Federal Reserve signalled caution in raising interest rates, while oil prices...
DNA - Money

OPEC to extend output cuts, to set up OPEC-India Working Group

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 •SifyGlobe and Mail

Other recent news in Science

Kvitova in emotional win at FRENCH OPENTillerson Declines to Host RAMADAN Event at State Department
Mother of Uber CEO TRAVIS KALANICK Killed in Boat AccidentJIM BUNNING, Hall of Fame pitcher and U.S. senator, dead at 85
How other nations are urging PRESIDENT TRUMP to stay in the Paris agreement‘Free Supermarket’ to Highlight AUSTRALIA’s Multibillion Dollar Food Waste
Computers Not Fully Up, But BRITISH AIRWAYS to Resume FlightsSuspect in PORTLAND Stabbing Held ‘Racist, Extremist Beliefs’
EUROPE Left Uneasy by TrumpFamily can tell SCHAPELLE story: lawyer


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+