You are here

Oil traders flee amid speculation Opec may freeze output

Cartel's Sept 27 meeting comes after IEA said global oversupply will last longer than previously thought

Opec production rose in August as Saudi Arabia, Kuwait and the United Arab Emirates pumped at or near record levels and Iraq pushed output higher, according to the International Energy Agency.

New York

OIL speculators headed for the sidelines as Opec members prepare to discuss freezing output in the face of signs that the supply glut will linger.

Money managers cut wagers on both falling and rising crude prices before talks between Opec and other producers later this...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to