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OPEC agreed on Wednesday to reduce its oil output to 32.5 million bpd from the current production levels of around 33.24 million bpd, two OPEC sources told Reuters.

OPEC projects surge in U.S. oil production | Fuel Fix

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OPEC wants to lift global oil prices by throttling

Output from Opec countries accelerated last month as Nigeria and Libya offset cuts from their peers in the cartel.That would take its output to January 2016 levels, when prices fell to over 10 year lows.

Get breaking news stories and in-depth coverage with videos and photos.LONDON Stocks rose on Wednesday, but worries about stretched valuations and caution before a near-certain rate hike by the U.S. Federal Reserve kept their gains in check, while the dollar steadied against a basket of major currencies.

OPEC limits are positive step in changed market, speakers

More Chinese crude oil imports coming from non-OPEC

After a 12-day marathon in Vienna (including the committee sessions.

OPEC Secretary General Mohammad Barkindo listens during a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016.

Why is OPEC refusing to cut oil production? - Al Jazeera

Analyzing OPEC’s Crude Oil Production and Oil Prices

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Pradhan used the example of solar power tariff dropping to 4 US cents in India to drive home the point that unusually high oil.

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Its Gulf OPEC allies - the United Arab Emirates, Kuwait and Qatar - would cut by a total 0.3 million bpd.OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization dedicated to stability in and shared control of the petroleum markets.

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A Brief History of OPEC – At A Glance - Briefly - WSJ

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Welcome to the site of the trademark trade agreement, The OPEC Agreement.

OPEC brings oil price war home in pursuit for Asia’s cash

Note: OPEC is the Organization of the Petroleum Exporting Countries.OPEC and other major producers agreed to production cuts only after.When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition.

Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.LONDON The dollar steadied on Wednesday ahead of a Federal Reserve policy statement widely expected to raise interest rates for the third time in six months but also to signal doubts over how soon it may make its next move.A soldier patrols in front of the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 29, 2016.Overview; OPIC History; Frequently Asked Questions; Board of Directors; Executive Staff; Our Investment Policies; Office of Accountability...Oil cartel Opec agrees its first supply cut in eight years, sending the price of crude surging 10%.

OPEC deal to push oil market into deficit by mid-2017: IEA - Read this Platts oil news article here.Novak, who spoke an hour after OPEC announced its deal, did not say from which output levels Russia would cut.They eased slightly in early Asian trading on concerns that other producers, especially U.S. shale drillers, could fill any gap.

Iran and Russia are effectively fighting two proxy wars against Saudi Arabia, in Yemen and Syria, and many skeptics had said the countries would struggle to find a compromise.OPEC will hold talks with non-OPEC producers on Dec. 9. The organization will also have its next meeting on May 25 to monitor the deal and could extend it for six months, Qatar said.

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after.Everything you need to empower your workflow and enhance your enterprise data management.

Output from Opec members climbed in May - ft.com

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