Wednesday, 30 November 2016 Delegates from the Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day to 32.5 million, Iranian Oil Minister Bijan Zanganeh said, representing about 1% of global production.
Nov.28 -- Michael Cohen, head of energy commodities research at Barclays, examines the position of Iraq and Iran to hold up an OPEC oil production agreement. He speaks on "Bloomberg Daybreak: Americas."
From the May 2016 lows, the number of US oil rig counts have only declined 3 times and this week was no exception*. Up for its 15th week in a row (+9 to 697),... Zero Hedge - MarketsAlso reported by •Proactive Investors •Business Insider