OPEC Ready To Cut Deeper

OPEC Ready To Cut Deeper OilPrice.com  – ‎2 hours ago‎ OPEC is finding itself backed into a corner: the group, it appears, is prepared to extend the oil production cut agreement that is set to expire at the end of June and also increase the cuts, if inventories fail to drop to a specified level, sources …

OPEC says oil market will now rebalance ahead of schedule in second half of 2017

OPEC says oil market will now rebalance ahead of schedule in second half of 2017 CNBC  – ‎5 hours ago‎ Higher than anticipated demand for OPEC crude combined with the historic deal in December with non-OPEC nations to cut production is forecast to rebalance the oil market in the second half of 2017, according to OPEC’s latest monthly report. OPEC …