Oil in Global Economy Series: Latest updates on OPEC and upcoming Vienna meeting
Nov 28, 2016 08:04 am UTC| Commentary
Organization of Petroleum Exporting Countries (OPEC) most influential member Saudi Arabia, which is also considered as the de-fact leader of the cartel has declined to join a meeting with non-OPEC countries like Russia and...
How much impact can OPEC deal have on oil prices?
Nov 25, 2016 14:54 pm UTC| Commentary
The Organization of Petroleum Exporting Countries (OPEC) is due to meet November30 in Vienna to allocate output quotas after agreeing on the framework of a deal backin September. Most analysts expect some form of a...
Oil investments likely to fall for third consecutive year in 2017 - IEA’s Birol
Nov 24, 2016 14:54 pm UTC| Commentary
At an energy conference in Tokyo on Thursday, International Energy Agency (IEA) director general Fatih Birol said that global oil investment are likely to continue declines for the third consecutive year as we head into...
Oil in Global Economy Series: Commentaries from Iraq enhance the possibility of OPEC deal
Nov 24, 2016 11:29 am UTC| Commentary
Haider Al-Abadi, the Prime Minister of Iraq was the latest high-profile personalityafter Russian energy minister Alexander Novak, and Russian president Vladimir Putin to improve the odds of OPEC reaching an agreement on...
Nov 24, 2016 10:48 am UTC| Commentary Economy
A successful deal by the members of the OPEC countries, which could see production cut by the majority of the members totaling more than a million barrels per day, unlikely to bear well for the central bankers in advanced...
Crude oil prices likely to remain volatile into end-2016 on uncertainty over OPEC production cut
Nov 21, 2016 07:44 am UTC| Commentary Economy
Global crude oil prices are expected to remain volatile through the end of this year, following uncertainty over a production freeze by the Organization of the Petroleum Exporting Countries (OPEC). Also, Russias vagueness...
Oil price finds fuel in Putin’s comments
Nov 21, 2016 07:35 am UTC| Commentary
Oil price started the week on a stronger footing, buoyed by comments from Russian President Vladimir Putin that revived the hopes of a deal by OPEC members to curb output. OPEC members are set to meet on November 30th in...
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