Page 60 - Pec News Today

The OPEC oil cartel and its allies are meeting Wednesday to decide how much crude to...

The OPEC group and its allies decided on Wednesday to boost production in September at a slower pace than in previous months.

Brent crude futures were down 14 cents cents, or 0.1 per cent, at $100.40 a barrel by 1337GMT. West Texas Intermediate (WTI) crude futures slipped by 31 cents, or 0....

Saudi officials have stressed that any decision to pump more oil will be taken within the framework of Opec +, which will hold its next meeting on August 3

Brent seen averaging $105.75 per barrel this year; WTI seen averaging $101.28/bbl this year; Investors focus on Opec+ meeting; Global demand seen growing by 1.4m-2.5...

The Latest on U.S. President Joe Bidens trip to the Mideast:

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir has said Saudi Arabia will boost oil production only in case of a supply shortage in the market.

Prince Faisal bin Farhan Al Saud says the US-Arab summit did not discuss oil

The Latest on U.S. President Joe Bidens trip to the Mideast:

US-Saudi ties through good times and bad