However, Iran—whose refusal
However, Iran—whose refusal to restrict output precipitated a comparable assembly to break down in April—will now not join the discount, a main concession from OPEC kingpin and bitter rival Saudi Arabia. Details of the cuts will be agreed on the institution’s twice-yearly meeting on November 30. “Today OPEC has taken a ancient decision,” stated AlgerianContinue reading “However, Iran—whose refusal”
HONG KONG: Energy f
HONG KONG: Energy firms led a rally in Asian and European stock markets on Thursday, while excessive-yielding currencies advanced after OPEC’s shock agreement to reduce oil output despatched crude costs hovering. The gains come after OPEC’s “historic” declaration late Wednesday of a deal—the primary of its kind in eight years—lit a fire under petroleum-connected sharesContinue reading “HONG KONG: Energy f”
