OPEC Leaves Market Guessing as It Struggles to Set Meeting Date
Oil extended its retreat as disappointing economic data from China helped reignite concerns over economic growth.
Crude extended its winning streak to nine sessions on Thursday after losing almost 40 percent in the last quarter of 2018.
OPEC’s strategy to stabilize the market might look a bust. But it’s still a winner where it matters most.
OPEC’s production plunged by the most in almost two years last month.
Uncertainty over crude output and the health of the global economy keep investors wary.
Oil capped its worst annual showing since 2015 as fears of scarcity turned into panic about a glut.
Futures in New York are on course for a 9.7 percent decline this week.
Is OPEC Dead?
OPEC’s bold strategy to revive oil markets was a surprise success, but the sequel they’ve unveiled is getting a cooler reception.
Futures rose 0.8% in New York after tumbling 12% over the past three sessions, the biggest three-day slump since 2016.
Rudd Calls for Lawmakers to Compromise on Brexit: Mail
IEA Says OPEC's Unplanned Supply Losses Could Double Its Cut
IEA Says Too Early to Tell If OPEC+ Oil-Supply Cuts Will Succeed
Why OPEC Might Be Headed for Even More Cuts in 2019
Crude is paring this year’s losses after OPEC+ defied Trump’s call for the producer group to keep taps open.
OPEC Agrees to Larger-Than-Expected Output Cut With Allies, Delegates Say
Oil jumped as much as 6 percent, trading above $63 a barrel in London.
Moscow insists its cut should be gradual and reconsidered after the first quarter since the market may shift.
The wait for Moscow signals how much OPEC has changed since 2016 when Saudi Arabia and Russia ended their historic animosity.
A meeting of Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut.