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Oil price slumps 5% as Opec deal leaves questions unanswered - The Independent

The Organisation of Petroleum Exporting Countries may be celebrating a historic deal to extend supply cuts, but after the party, the organisation will face a trio of questions it left unanswered. Will the lucrative yet delicate relationship between ...and more »

OPEC oil cut extension renews Asia's crude supply worries - Reuters

SINGAPORE (Reuters) - The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go ...and more »

5 reasons why oil could be headed higher - Business Insider

Iraqi workers stand near a pipeline as it ejects oil at Al Tuba oil field in Basra, southeast of Baghdad REUTERS/Essam Al-Sudani Despite a recent bout with plunging prices, we believe the oil market should grind higher thanks to solid global demand ...and more »

The oil glut could return once the OPEC deal expires - Business Insider

OPEC Secretary General Barkindo listens during a news conference after an OPEC meeting in Vienna Thomson Reuters OPEC extended its production cuts for another nine months in an effort to bring the oil market back into balance. Keeping in place the 1.2 ...and more »

Saudis Take Aim at Swollen US Oil Stockpiles in Strategy Shift - Bloomberg

After sparing its prized U.S. market from oil-output cuts, Saudi Arabia plans to "markedly" reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude inventories in the world's biggest consumer ...and more »

To Stabilize the Oil Market, OPEC Refines Its Strategy - STRATFOR

OPEC's production cut is here to stay, at least for now. During a meeting in Vienna on May 25, major oil producers from around the world agreed to extend the measure, adopted in November 2016, for another nine months. The deal was hardly a surprise; ...and more »

What To Expect From The OPEC Meeting - Forbes

This week, a group of rich men are meeting behind closed doors in Austria to influence economic markets. How will this impact you? OPEC is in the middle of a particularly crucial week for the world's oil supply and prices. It could go a long way to ...and more »

Oil price tumbles after Opec deal; UK growth unexpectedly downgraded - as it happened - The Guardian

European stock markets have lagged behind their US counterparts. While New York's S&P 500 hit another record high, most continental bourses ended the day in the red. The FTSE 100 finished a little higher, though, partly due the pound weakening after ...and more »

Kurdistan oil exports not part of OPEC cut extension: Iraq Oil Minister - Kurdistan24

OPEC President, Saudi Arabia's Energy Minister Khalid al-Falih talk to journalists before the beginning of the OPEC meeting in Vienna, Austria, May 25, 2017. (PHOTO: REUTERS/Leonhard Foeger). Oil Kurdistan Iraq OPEC. A+ A A-. ERBIL, Kurdistan Region ...and more »

OPEC and Russia have failed to fix the epic oil glut - CNNMoney

OPEC, Russia and other major oil producers agreed this week to hold their collective fire power for another nine months. These coordinated production cuts are aimed at mopping up the massive supply glut that sent crude crashing to unthinkably-low ...and more »