Tag: oil market
OPEC supply pact likely to continue to end of 2018
OPEC supply pact initially set to expire in June 2017 The OPEC supply pact is likely to continue throughout all of next year, despite potential cartel output disruptions, according to Reuters’ OPEC sources. Since the beginning of January, most OPEC producers along with Russia and nine other oil producing nations, cut their overall output by […]
OPEC looking for consensus on decreasing oil glut
OPEC meeting in May to discuss extending supply cut pact OPEC Secretary General Mohammad Barkindo says influential members of the cartel, including Saudi Arabia, are working to ensure an agreement to extend the supply cut pact is reached when the group meets in Vienna late next month. Originally, the Organization of Petroleum Exporting Countries along […]
OPEC supply cuts extension may not be warranted: Goldman Sachs
OPEC supply cuts not necessary unless supply and demand fundamentals deteriorate Goldman Sachs said an extension of the OPEC supply cuts agreement is not warranted unless there is a deterioration of supply and demand fundamentals. In a note released on Sunday, analysts part of the Global Investment Research Commodities team at Goldman Sachs said OPEC and […]
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