• Business Highlights

    2 monthes ago - By Chron

    OPEC agrees to pump more oil but crude prices jump anyway
    VIENNA - The OPEC oil countries have agreed to increase their production by almost 1 million barrels a day. Analysts say the move should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations to increase production as they struggle with domestic turmoil and sanctions. Oil prices rose after OPEC's announcement, which analysts cited as evidence that investors believe the actual increase in production will be smaller.
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  • More Oil From OPEC May Not Mean Relief At The Gas Pumps Anytime Soon

    More Oil From OPEC May Not Mean Relief At The Gas Pumps Anytime Soon

    2 monthes ago - By NPR

    Drivers might be cheering OPEC's decision to increase oil production, but analysts say the extra supply isn't expected to drive gasoline prices down in time for summer vacation season.
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  • OPEC agrees to pump more oil but crude prices jump anyway

    2 monthes ago - By Chron

    VIENNA - The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices.
    Questions remain, however, over the ability of some OPEC nations - Iran and Venezuela in particular - to increase production as they struggle with domestic turmoil and sanctions.
    Oil prices rose after OPEC's announcement, which analysts cited as evidence that investors believe the actual increase in production will be smaller, about 600,000 to 700,000 barrels a day.
    After an OPEC meeting in Vienna, Emirati...
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  • OPEC plays a numbers game with oil supply hike

    2 monthes ago - By Reuters

    OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage.
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