ALGIERS, Algeria (AP) — Prospects are dim for a deal among OPEC countries on Wednesday to freeze production and support oil prices, as disagreements persist between regional rivals Saudi Arabia and Iran. Officials from the Organization of the Petroleum Exporting Countries will meet informally on the sidelines of an energy conference in Algiers to try to find common ground on how to support oil markets.Read more on NewsOK.com
Old Rivalries Seen Blocking Opec Deal To Support Oil Price
NewsOK.com RSS - business, Daily Oklahoman: Business
Wed, 09/28/2016 - 4:36am
BING NEWS:
- OPEC risks losing oil market share if it does not start raising output
On the supply side, investors are watching for potential oil supply disruptions in Western Canada due to wildfires the government has warned could be "catastrophic," although rain is expected on ...
05/13/2024 - 12:45 pm | View Link - Oil Prices Rise as Market Anticipates OPEC Monthly Report
If OPEC+ does not move to reduce its current voluntary production cuts in July, analysts expect oil demand to remain strong in the second and third quarters, lending further support to the market.
05/13/2024 - 6:15 am | View Link - Oil Prices Stabilize at $83 Amid Global Economic Uncertainties and OPEC Speculations
Oil prices showed little change early this week, stabilizing around $83 for Brent crude as the markets digested a mix of economic signals and awaited key inflation data from the United States.
05/13/2024 - 1:19 am | View Link - OPEC Signals Lasting OPEC+ Alliance in Oil Market Management
OPEC is preparing to replace the ‘call on OPEC’ forecast of global demand for the cartel’s crude oil with ‘call on OPEC+ crude’ in its closely-watched monthly oil market report ...
05/11/2024 - 12:01 pm | View Link - OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say
OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from ...
05/9/2024 - 4:33 am | View Link - More
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