Post Profile

The Bickering Begins: Iraq Disagrees With OPEC's Method Of Oil Production Estimates

The ink on the OPEC "deal" is not dry yet, and in fact it won't be until November when the actual deal which breaks down the oil production quota for every OPEC member is ratified - if that ever happens - and already the bickering has begun. As Reuters reported moments ago, Iraq questioned one of the two methods OPEC is using to estimate the oil production of its members, signalling the issue could be a problem for the country to join output limits that the group agreed to start implementing this year.
read more


Related Posts

Pay Attention to How Oil Reacts the Day After OPEC News (Video)

Business & Finance : Zero Hedge

By EconMatters We discuss the oil market, and the recent OPEC news regarding potential production cuts in November, and its effects on the market. A likely test of the $48 level seems in the cards this week. © EconMatters All Rights...

Oil Slumps As OPEC Struggles To Define Its Own Production Quota

Business & Finance : Forbes: Business

Oil benchmarks dropped following a decision by Organization of Petroleum Exporting Countries (OPEC), the 12 member oil producers’ collective, to roll over its 'current' production quota, last set at 30m barrels of oil (bpd), at the ...

Stocks jump after report of OPEC deal (USO, WTI, OIL, VDE, XOM)

Business & Finance : Business Insider: Money Game

US stocks, led by the energy sector, jumped with oil prices after a report that the Organisation of Petroleum Exporting Countries agreed to limit production in November. The energy sector gained 3.9%, the most among the S&P 500's 11...

Oil is going through the roof after a report that OPEC reached a deal to limit production

Politics : Business Insider: Politix

Oil is going through the roof following a Reuters report citing "sources" that OPEC has reached a deal to limit oil production, with the deal coming into effect in November. Prices for Brent crude oil, the international benchmark, s...

"More Politics Than Anything Else" - Wall Street Reacts To The OPEC Oil Production Cut Deal

Business & Finance : Zero Hedge

While OPEC reached an "understanding on a production cut", if not exactly a production cut deal just yet - since every OPEC member's production has yet to be determined, the sellside has responded. The following is a collection of a...


Copyright © 2016 Regator, LLC