OPEC Output Agreement Outlook Improves On Rumors Of New Iran Proposal

OPEC

According to sources close to oil ministers, OPEC may be heading towards sealing a deal this month which will limit production whilst members offer flexibility to Iran on production volumes. The main issue in coming to an agreement across all of the cartels countries is that Iran is attempting to step up...

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Port of Houston

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Japanese PM, Shinzo Abe

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Shinzo Abe

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Oil producers

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Crude stocks during the prior week dropped more than expected according to U.S. data. Brent oil futures rose above $50 per barrel on Thursday, a first...

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