oil barrel

Oil prices rise, market expects extended production cut

Oil prices rose on Wednesday, supported by increasing confidence that an OPEC-led production cut aimed at tightening the market would be extended through the rest of 2017 and the first quarter of next year. Brent crude futures at 0147 GMT were up 13 cents from their last close at $54.28 per barrel. U.S. West Texas […]

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OPEC ministers will meet this week to approve extensions of production cuts

OPEC ministers are to head to Vienna this week where they are expected to ratify an extension of the current production cuts that has been agreed informally among the key participants. Saudi Arabia and Russia announced earlier last week that they have agreed on the need to extend OPEC and non-OPEC output cuts for a further […]

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