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A soldier patrols in front of the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 29, 2016. REUTERS/Heinz-Peter Bader
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Traders work on the floor of the New York Stock Exchange near the Goldman Sachs stall. (Reuters)
Oil Edges Higher on Gains as Geopolitical Threats Intensify in Kirkuk, Iran
London – As a number of geopolitical problems unfold, oil prices maintained gains on Tuesday, while Goldman Sachs said oil production from Iraq’s Kurdistan region was likely to be jeopardized by the standoff with Iraq. Despite the fears of the Kurdistan...Caption:
REUTERS
OPEC: Higher Demand Forecast for Oil, Points to Tighter Markets in 2018
The Organization of the Petroleum Exporting Countries predicted higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival producers was getting rid of a glut, pointing to a tighter market that could move into a deficit next year....Caption:
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina
Saudi-Russian Talks on Oil Output Agreement ahead of OPEC Meeting
Moscow — Saudi Arabia hopes to reach an agreement with Russia on what to do when a global oil output deal expires in March, before an OPEC meeting in November, Saudi Energy Minister Khalid al-Falih said in Moscow on Friday. “I am looking forward to reaching consensus...Caption:
Saudi Arabian Energy Minister Khalid al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia July 24, 2017. Reuters