Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

OPEC may finally be willing to curb oil glut, but not quite yet

Featured Replies

VIENNA, Austria (Bloomberg) -- After two years of pumping without limits, OPEC may finally be ready to do something to shrink the global glut. Just not quite yet.

Saudi Arabia has offered to reduce production to January levels, according to Algeria’s Energy Minister. That would remove about half of the kingdom’s 1 MMbpd increase in output since it led the Organization of Petroleum Exporting Countries’ push to defend market share in 2014. While Iran was said to reject the Saudi offer, the chance of the group eventually taking action is growing, said consultant JBC Energy GmbH.

“The Saudis and the Iranians are talking and they’re not as far apart as they were in the Doha meeting” in April when a proposal to freeze output failed, said Michael Poulsen, an analyst at Global Risk Management. “The symbolism would be more important than the actual number in the event that something is agreed to be cut.”

http://www.worldoil.com/news/2016/9/26/opec-may-finally-be-willing-to-curb-oil-glut-but-not-quite-yet

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.