Organisation of the Petroleum Exporting Countries (OPEC)
Oil stable amid expectations OPEC will cut supply to prevent glut forming
Tue, Nov 20, 2018
The Organisation of the Petroleum Exporting Countries (OPEC), de facto led by Saudi Arabia, is pushing for the producer cartel and its allies to cut 1 million to 1.4 million barrels per day (bpd) of supply to adjust for a slowdown in demand growth and prevent oversupply.
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Oil prices fall on rising U.S. crude stocks, OPEC output concerns
Wed, Dec 14, 2016
Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.
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Gold edges lower, market focus turns to OPEC
Tue, Nov 29, 2016
Gold edged lower on Tuesday as the U.S. dollar steadied, with markets on edge ahead of a meeting this week that could see oil producers curb output. Spot gold was down 0.36 % at $1,189.10 an ounce by 0334 GMT. It gained 0.9 % in the previous session.
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Oil prices fall as strong dollar wipes out OPEC cut optimism
Fri, Nov 18, 2016
Oil prices fell in early trading on Friday as the strengthening U.S. dollar snuffed out rekindled hopes that OPEC might agree production cuts. International Brent crude oil futures were trading down 13 cents at $46.36 per barrel at 0445 GMT, from their last close.
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