With glut almost gone, OPEC still cuts more than oil pact demands
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria September 21, 2017. REUTERS/Leonhard Foeger/File Photo/ LONDON (Reuters) - A global oil glut has been virtually eliminated, figures published by OPEC showed on Monday, ...
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Global oil supplies robust enough to cut Iran's exports -Trump memo
Global oil supplies are plentiful enough to withstand a “significant reduction” in petroleum exports from Iran, according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions on the OPEC member nation. The memo, sent by the White House to the U.S. ...
Oil Steady as OPEC Says It Could Offset Iranian Supply Loss
WTI trades near $71 a barrel after 0.9% decline on Friday/ Oil steadied near $71 as OPEC signaled it could fill in any supply gap if renewed U.S. sanctions curtail shipments from Iran, the group’s third-largest producer./ Futures in New York were little changed after sliding 0.9 percent Friday. ...
