Russia-Saudi Plans for Super-OPEC Could Reshape Global Oil Order
OPEC Meets Its Allies in Vienna for Approval of Oil-Supply Hike
OPEC has reached an agreement in principle to boost oil production, achieving a last-minute compromise.
Brent crude last month surged to a more than three-year high above $80 a barrel.
OPEC Counts Down to Pivotal Meeting as Saudis Pledge More Supply
Iranian Minister Bijan Namdar Zanganeh said he was optimistic about the outcome of the OPEC meeting now.
Proposal involves a complex calculation based on how much the group has cut production beyond the initial target.
OPEC Works Toward Oil Deal as Iran Sounds More Conciliatory
Iran publicly rejected the idea of a formal output increase.
OPEC is discussing a relatively modest production increase before its meeting in Vienna this week.
OPEC members are discussing a compromise agreement.
On Sunday, Iran threatened to veto any Saudi proposal to increase output.
OPEC Holds Production Steady While Ministers Discuss Next Move
OPEC+ Committee Says More Investment Needed to Ensure Oil Supply
Saudi-Russia oil policy shift sets stage for tense OPEC meeting.
OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April.
Aramco, Total Said to Eye Saudi Fuel Stations Such as Tas'helat
Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets.
Bullish Oil Signals Proliferate as OPEC Cuts Get Even Deeper
Kuwait Sees OPEC, Allies Mulling Longer Oil Cuts at June Meeting