Gulf OPEC members seek to revive global oil output deal
Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.
Jun 01, 2016, 18:34 PM ISTOil markets face uncertain future as OPEC targets competitors
A supply glut, lower demand and the stronger US dollar have all contributed to pushing down oil prices, which have dropped nearly 50 percent since June to around $60 a barrel.
Dec 22, 2014, 17:55 PM IST