SUBSCRIBERS
Oil prices fall 3% on doubts over Opec output cut
Published Tue, Nov 29, 2016 · 09:50 PM
London
OIL prices fell 3 per cent on Tuesday on signs that leading oil exporters were struggling to agree on a deal to cut production to reduce global oversupply.
The Organization of the Petroleum Exporting Countries (Opec) will meet in Vienna on Wednesday aiming to implement a deal outlined in September to cut output by around one million barrels per day (bpd), from around 33.82 million bpd in October.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months