• The Suspense Is Killing OPEC

    5 days ago - By Washington Post

    After a week of raising expectations, it has now raised them even higher by failing to agree on cuts.
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  • Oil Prices Drop More Than 4% Despite Large Crude Draw

    5 days ago - By ETF Daily News

    From Irina Slav : As oil markets hold their breath for OPEC+'s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil bulls by reporting an inventory draw in crude oil of 7.3 million barrels for the week to November 30.
    The report came two days after the American Petroleum Institute disappointed bulls with an estimated inventory build of 5.36 million barrels for the same week, pushing WTI prices down closer to US$50 a barrel.
    The EIA said refineries processed 17.5 million barrels of crude daily last...
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  • OPEC tentatively agrees to oil cut, waits for Russia to commit

    5 days ago - By Reuters

    OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
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  • OPEC agrees tentative oil cut, waits for Russia to commit

    5 days ago - By Reuters

    OPEC has apparently agreed to a tentative deal to cut oil output but has not yet come up with a final figure. That's according a delegate at the meeting which is underway in Vienna. Sonia Legg reports
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  • OPEC agrees to tentative oil cut, waits for Russia to commit

    5 days ago - By Reuters

    OPEC tentatively agreed to an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
    Read more ...