Post Profile






OPEC Agrees To Limit Oil Output For First Time Since 2008

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC made an exceptional decision today... After two and a half years, OPEC reached consensus to manage the market,” said Iranian Oil Minister Bijan Zanganeh, who had repeatedly clashed with Saudi Arabia during previous meetings.
read more

share

Related Posts


Oil Soars 6% as OPEC Reaches Deal to Limit Output

Vehicles / Watercraft : MarineLink.com

Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said. Brent crude was up $2.76, or 6 p...

Saudi Arabia asked to cut oil output

Business & Finance : Business Report

Saudi Arabia has come under increased pressure from fellow OPEC members to cut output to prop up prices. ||| Vienna - Saudi Arabia has come under increased pressure from fellow OPEC members to cut output to prop up prices as the gro...

OPEC Agrees to Cut Oil Output

Business & Finance / Economics : CalculatedRisk

From Bloomberg: OPEC Agrees to First Oil Output Cut in Eight YearsIn two days of round-the-clock talks in Algiers, the group agreed to drop production to 32.5 million barrels a day, the delegate said, asking not to be named because ...

Why OPEC Cut Should Mean Higher Oil, Higher Stock Market

Business & Finance : Forbes: Business

Oil popped more than $3 from the lows of the day (as much as 7%) on news OPEC has agreed to a production cut. We've talked a lot throughout the year about the price of oil. When it collapsed to the $20s, it put the entire energy ind...

OPEC Agrees On First Oil Production Cut Since 2008, But Biggest Question Remains Unanswered

Business & Finance : Zero Hedge

OPEC has agreed to cut its oil output for the first time since 2008, following a capitulation by group's leader Saudi Arabia, which was forced to soften its stance on arch-rival Iran amid mounting pressure from low oil prices. Accor...

Comments


Copyright © 2016 Regator, LLC