OPEC deal a tough task, as oil output freeze expectations rise
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal.
Aug 15, 2016, 19:37 PM IST
OPEC sees oil glut continuing to ease in 2016-17
OPEC said Tuesday it expected the global supply glut to ease further this year and next thanks to reductions in oil output from producers outside the cartel, particularly the United States.
Jul 12, 2016, 18:35 PM IST
OPEC seen sticking by oil output
While OPEC is satisfied with current price levels at around 100 dollars a barrel, the cartel is in fact pumping below its collective target owing to abundant supplies in top crude consumer the United States.
Jun 08, 2014, 09:34 AM IST
