Tag: Deal
After two years, why an OPEC deal now? – Kemp
Saudi Arabia is acting in own interest by cutting production, even if producers fail to follow through on commitments By John Kemp LONDON (Reuters) – OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at […]
OPEC deal expected to tighten oil market in 2017: Kemp
Deal amounts to around 786,000 bpd of cuts pledged by Saudi Arabia and its allies, plus an uncertain cut amounts by non-core OPEC By John Kemp OPEC has reached an agreement to cut its oil output by almost 1.2 million barrels per day and been rewarded with an increase in nearby futures prices of around […]
OPEC talks struggle with question of market share: Kemp
Question is whether Saudi Arabia, Iran and Iraq can reach deal despite disagreeing about the regional power structure By John Kemp LONDON (Reuters) – OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in Sept. In theory, all OPEC […]
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