Update: OPEC agrees to cut in oil production

Business 12/07/18, 10:13

The Latest on the OPEC oil meeting (all times local):4 p.m.Iran's Minister of Petroleum Bijan Namdar Zangeneh speaks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, ...

Update: Saudis seek 1 million barrels cut to OPEC output

Europe 12/06/18, 05:53

The Latest on OPEC's meeting on cutting oil production (all times local):11:50 a.m.Saudi Arabia's energy minister says his country sees an oil production cut of 1 million barrels per day as "adequate" to respond to recent declines in oil prices.Heading ...

Oil prices perk up on trade truce, possible OPEC decision

Business 12/04/18, 03:16

A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude.Representatives of oil-producing nations will hold a highly anticipated meeting Thursday in Vienna, with analysts ...

Qatar will pull out of OPEC amid tension with Saudi Arabia

World 12/03/18, 02:50

The tiny, energy-rich Arab nation of Qatar announced on Monday it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha.The ...

OPEC, allies agree not to further increase oil production

World 09/23/18, 14:12

A meeting of OPEC and its allies ended without any decision to further increase oil output despite President Donald Trump's call for lower prices.Members of the Organization of the Petroleum Exporting Countries met on Sunday in Algiers with non-members including ...

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