OPEC producers are trying to negotiate a compromise deal that could result in the cartel boosting production by between 300,000 bpd and 600,000 bpd over the next few months, Bloomberg reported on.. OilPrice.com
In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with the support of.. OilPrice.com
Jun.18 -- Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week... Source: Bloomberg Technology -
Caracas, Venezuela (CNN)At least 17 people, including eight minors, were killed Saturday after a partygoer detonated a tear-gas canister setting off a stampede inside a nightclub in Caracas, Venezuela,.. Source: Wochit News -
Jun.17 -- Saudi Arabian Energy Minister Khalid Al-Falih may face his toughest test this week when the Organization of Petroleum Exporting Countries holds what’s likely to be its most difficult.. Source: Bloomberg Global Business -
At least seventeen people died at a Caracas club early on Saturday morning when a person activated a tear gas grenade inside, Venezuela's interior minister Nestor Reverol said.
Source: euronews (in English) -
Recent rises in the oil and gas price worry some in the markets. Will they trigger more inflation? Will there be supply interruptions given the US wish to sanction Iran, given the troubles in.. City A.M.
Analysts at Danske Bank point out that global trade war concerns have made a comeback, as a response to the US move to levy tariffs on USD50bn of Chinese goods, China said on Friday that it will impose.. FXstreet.com
Holiday-thinned light trading characterized the Asian session on the first day of this new week, as the Chinese traders were out celebrating the Dragon Boat Festival. Amid slowing volumes, risk-off.. FXstreet.com
· *Potential production hikes are facing pushback from other key OPEC members.*
· *Despite the questionable future of production increases from Russia-Saudi Arabia, Treasury yields and Fed rate.. FXstreet.com
Trouble over the weekend as OPEC members Iran, Venezuela, and Iraq are all saying they will move to block Saudi Arabia's joint move with Russia to increase oil production limits. Russia and Saudi.. FXstreet.com
Every week the crisis in Venezuela takes a turn for the worse. There are now signs that its oil industry is entering a dangerous new phase. Argus Media reports that Venezuela has begun to.. OilPrice.com
The Organisation of Petroleum Exporting Countries (OPEC) will meet in Vienna this week, with members split on whether to end its production freeze.
Oil prices soared last month, and are still up at.. City A.M.
By Vivian Sequera CARACAS (Reuters) - At least seventeen people died at a Caracas club early on Saturday morning when a person activated a tear gas grenade inside, Venezuela's interior minister Nestor.. Firstpost
(RFE/RL) — Russia and Saudi Arabia will ask OPEC to increase oil output by 1.5 million barrels a day in the third quarter of 2018 to counter fears that U.S. sanctions on Iran could disrupt.. Eurasia Review