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Oil edges lower ahead of OPEC meeting
6 days ago - By Reuters
Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.
Read more ...Oil rises as markets pin hopes on OPEC cut
6 days ago - By Reuters
Saudi Arabia was seeking to persuade Russia on Wednesday to cut oil production substantially with OPEC next year in an attempt to arrest a decline in the price of crude and prevent another global glut. As David Pollard reports, OPEC holds policy talks on Thursday in Vienna, followed by a gathering with allies including Russia on Friday.
Read more ...Oil prices edged higher as investors await clarity on possible output cut by major producers
6 days ago - By ETF Daily News
From Myra P. Saefong & Rachel Koning Beals : Oil prices edged higher on Wednesday as global investors awaited clarity on a possible, but far-from-assured, output cut by major producers gathering in Vienna.
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee, or JMMC, which includes the Organization of the Petroleum Exporting Countries member Saudi Arabia and nonmember Russia, met Wednesday. It recommended a production cut from the September-October output levels, Oman's oil minister told reporters, according to Dow Jones. The minister also said Russia agreed on the need for an output...
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