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output cut News
IMF releases another $618 million loan installment for Iraq
Tue, Dec 06, 2016
The IMF on Monday announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight against the Islamic State group.
OPEC debates oil cuts amid deep disagreement
Wed, Nov 30, 2016
OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.
Oil rises on reported US crude inventory draw, expected OPEC cut
Wed, Oct 19, 2016
Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.