OPEC is said to debate output hike of 300,000 to 600,000 B/D
OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks.
Saudi energy minister sees need for a global oil alliance
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signalled their readiness to cooperate beyond that.
OPEC's battle with U.S. shale nears day of reckoning
The clash between OPEC and America’s oil industry is reaching a day of reckoning.
OPEC: No decision till January
OPEC and Non-OPEC members met on Friday and concluded that oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter.
Nigeria signals willingness to cap oil production
Nigeria signalled its willingness to cap its oil production to support OPEC’s efforts to ease a global supply glut.
UAE energy minister: OPEC to do 'what it takes'
United Arab Emirates Energy Minister Suhail Al-Mazrouei speaks with Bloomberg's Manus Cranny about support among OPEC nations to extend oil production cuts and stabilise the global oil market.
U.S. Oil stockpiles increase to 520.2 Million barrels
Oil is mired in its longest losing streak in two months as record-high U.S. crude stockpiles cast doubt on OPEC’s efforts to drain a global surplus.
Citigroup's morse sees a need to extend OPEC deal
Ed Morse, global head of commodities research at Citigroup, examines Mexican oil production, U.S. energy policy, and the impact of OPEC's output cut.