Tag: Organization of the Petroleum Exporting Countries

Crude oil prices could bounce as Coronavirus panic settles
February 10, 2017 BY Valentina Kirilova

Oil prices boost on 90% compliance on OPEC output deal

Oil prices started to accelerate more than 1% today after the International Energy Agency (IEA) announced record initial compliance by Organization of the Petroleum Exporting Countries (OPEC) members implementing last year's landmark deal to curb output in an effort to prop up global oil prices. Members of OPEC made production cuts in January equating to…

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November 30, 2016 BY Valentina Kirilova

OPEC begins debate on oil cuts

Organization of the Petroleum Exporting Countries (OPEC) meeting began on Wednesday in Vienna. Oil producers will try to agree on a production cut to bolster prices which have plunged by more than half since 2014, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action, as reported by Reuters. On…

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