• As OPEC Meets on 6th of December, What Can We Expect Of Oil Prices?

    10 days ago - By Forbes

    OPEC is expected to meet on the 6th of December to discuss cutting output. With oil prices falling by almost 30%, and production from U.S, Russia, and Saudi Arabia reaching all-time highs, this has put pressure on OPEC to reduce output to steady oil prices. With Qatar planning on pulling out of...
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  • Oil prices perk up on trade truce, possible OPEC decision

    10 days ago - By Chron

    A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude.
    Representatives of oil-producing nations will hold a highly anticipated meeting Thursday in Vienna, with analysts predicting that they will agree on a cut of at least 1 million barrels a day in an effort to bolster prices.
    Russian President Vladimir Putin boosted expectations for a deal when he said at the G20 summit over last weekend that Russia and Saudi Arabia have agreed to extend an attempt by OPEC to balance oil supply and demand...
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  • Oil struggles to hold gains amid trade and output cut uncertainty

    10 days ago - By ETF Daily News

    From Reuters :
    Oil prices come under pressure after earlier rising more than 2 percent and extending Monday's strong gains.
    OPEC is expected to agree to output cuts on Thursday, while Alberta is mandating reductions in Canadian crude supplies.
    Both benchmarks climbed around 4 percent on Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed at a meeting of the G-20 to pause an escalating trade dispute.
    Oil prices pared gains in a volatile trade on Tuesday as fears flared that demand would stall due to a trade war between the U.S. and China, and as Russia remained...
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