18 January 2018

Oil extends gains ahead of OPEC talks

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit production.

Saudi Arabia and Iraq are set to supply full contracted volumes of crude to several Asian refiners in January. Despite their commitment to cut the top two oil producers are looking to defend market share in the fastest growing region for oil demand, even as the cartel battles a festering supply glut that has hit global prices hard.

The Organization of the Petroleum Exporting Countries (OPEC) will meet non-OPEC nations in Vienna on Saturday seeking their help in curbing a global excess. Azerbaijan has said it will come to the Austrian capital armed with proposals for its own reduction.

2016.12.09 / 18:29
See also

OPEC: Oil output will decline in Azerbaijan this year

Bitcoin steadies after 26% slump

WB economist denies accusations of bias against Chile

Berlin and Paris step up push for euro zone reform deal

Zuckerberg's overhaul of Facebook cost him £2.4bn already

Azerbaijan’s 2017 state budget 98% fulfilled

Bitcoin may drop to $ 1,800 this year

Shareholders to participate in liquidation process

Demirbank’s mortgage portfolio

Fed may double interest rates for first time in 2018

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla