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Saudi Arabia Will Halt Oil Production Increases Only If Iran Follows Suit
Friday, April 1, 2016 - 1:54pm | 251Crude oil traded lower on Friday as the prospect of a freeze in output among major global producers turned grim. According to Bloomberg, Saudi Arabia pledged to freeze its oil output, but under a major condition – Iran and other major producers must promise to follow suit. OPEC and non-OPEC...
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Oil Prices Fluctuate On Oversupply Worries
Thursday, March 31, 2016 - 9:15am | 266Oil prices were highly volatile on Thursday, as commodity investors and traders' focus turned to an upcoming meeting between OPEC and non-OPEC producing nations. According to the Wall Street Journal, a dozen countries have confirmed their attendance for an April 17 meeting to discuss an output...