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Oil: Near-term recovery possible, but Opec deal keyThere may be supply side risks to the oil market in 2017 in the absence of extension of the Opec output cuts or if US production picks up and without extension of the Opec deal, the market could into surplus in the medium term, a report said. More… |
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Saudis soften oil stance; Opec deal likely in NovOpec might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week as the group's de-facto leader Saudi Arabia softens its stance towards Iran. Saudi Energy Minister Khalid al-Falih More… |
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Saudi-Iran tension dashes chance of Opec dealThe collapse in relations between Saudi Arabia and Iran puts an end to speculation that Opec could somehow agree production curbs to lift the price of oil anytime soon. A Reuters survey of Opec production showed on Tuesday that Sa More… |
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Oil slips to $43 as Opec deal awaitedOil slipped toward $43 on Wednesday as the market awaited an announcement from an Opec meeting in Algeria widely expected to agree a big cut in production in an attempt to halt a collapse in oil prices. A rise in the dollar also put pressu More… |
