• 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.
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  • 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.
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  • 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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