Global oil producers are already considering an oil output deal for 2019.
Russia’s push to increase oil production came independently of tweets by certain political leaders, the country’s oil minister said Saturday during the OPEC summit in Vienna.
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Jim Cramer says a slowing global economy, a strong U.S. dollar and rising raw costs are likely to weigh on next quarter's earnings reports.
OPEC ministers announced a deal that will increase oil supplies after the producer group capped output for the last 18 months.
Oil prices surged as much as 5 percent on Friday to as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand.
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OPEC appeared to be on the brink of raising oil supply on Friday, as de-facto leader Saudi Arabia looked to have convinced arch-rival Iran to cooperate over production policy.
The CEO of Crescent Petroleum also lamented the current lack of investment by the oil industry.
De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week.
Oil-producing nations appeared to be on the brink of securing a landmark output agreement in Vienna on Thursday.
Analysts are growing more optimistic that OPEC will reach a deal to increase oil production when they meet on Friday.
U.S. travelers will hit the roads, rails, and airports in record numbers this Fourth of July holiday.
OPEC holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more.
Total CEO Patrick Pouyanne says he cannot risk losing access to U.S. financing and shareholding by doing business in Iran.
Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification in a move that could be supportive of their local equities.
The U.S. trade dispute with China, in a roundabout way, could determine how successful the U.S. will be in sanctioning Iran's oil this time around — and that uncertainty is also playing out at OPEC.