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Opec

Sep 30, 2016 at 18:04 | Source: PTI
The OPEC members had, on September 28, agreed a production target of 32.5-33.0 million barrels a day at their meeting in Algiers "to accelerate the ongoing draw-down of the stock overhang and bring...re-balancing forward".
Sep 30, 2016 at 13:27 | Source: Moneycontrol.com
According to Achiievers Equities,Crude surged to settled up amid speculation that OPEC will soon agree to curb production.
Sep 30, 2016 at 11:00 | Source: PTI
The Organisation of the Petroleum Exporting Countries on Wednesday stunned traders by announcing plans to trim collective production by around 750,000 barrels per day.
Sep 30, 2016 at 08:07 | Source: Reuters
London Brent crude for November delivery , which expires after the settlement later in the day, was down 8 cents at USD49.16 a barrel by 0023 GMT. It settled up 55 cents, or 1.1 percent, on Thursday, adding to a 5.9 percent gain in the previous session.
Sep 30, 2016 at 07:42 | Source: Reuters
Japan's Nikkei retreated 1.5 percent after sluggish consumption data. It is down 1.7 percent for the month, but set to end the quarter 5.7 percent higher.
Sep 29, 2016 at 16:24 | Source: CNBC-TV18
Some deal is better than no deal says Thomas Pugh of Capital Economics commenting on the agreement reached at the Organisation of Oil Exporting Countries (OPECs) Algiers meeting to cut oil output.
Sep 29, 2016 at 13:25 | Source: Moneycontrol.com
According to Achiievers Equities,Crude surged to settled up amid speculation that OPEC will soon agree to curb production.
Sep 29, 2016 at 12:34 | Source: CNBC
Morgan Stanley IM's Ruchir Sharma says with China's economy expected to slow further, its declining demand will weigh on oil prices.
Sep 29, 2016 at 11:18 | Source: Reuters
Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to modest oil output cuts in the first such deal since 2008, with group leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Sep 29, 2016 at 10:32 | Source: PTI
At the end of six hours of negotiations and weeks of horse trading, OPEC announced the plan to cut production to a level of 32.5-33 million barrels per day (bpd) from 33.47 billion, bpd in August, the International Energy Agency (IEA) said.
Messages on Opec »

vinci270174

Gold Member

132 Followers

SpiceJet  

a year ago to 19.712 million bpd, EIA data showed. In a day or two, OPEC output for Sep will be out...Watch out for all time high output from OPEC now that Libya is also exporting, Nigeria is stable...This high output will cast doubt on the implementation of OPEC deal...

11.50 PM Oct 1st

Wire News

Platinum Member

631 Followers

News Now  

Global crude prices will not make a strong rebound, despite first major production cut since 2008 announced by OPEC this week, though a gradual recovery will continue, Fitch Ratings said.

6.04 PM Sep 30th

Ravisdcpg

New Member

2 Followers

Rain Industries  

closing above 47.50 will surely give rain to a new 52 week high after opec crude production cut news in this month... happy navratri to all...

2.16 PM Sep 30th

EQUITY UNCLE

Platinum Member

8007 Followers

CRUDEOIL  

30th sept : The market seems to be hanging around the $47 level, and a break above yest high $48.30 itself would be a positive sign, but I think there is a lot of noise above still, even though this was a knee-jerk reaction to the possibility of OPEC coming to some type of output agreement. I do

2.00 PM Sep 30th

jegurupati

New Member

20 Followers

Aban Offshore  

is OPEC deal over? what is the impact on aban ? what is today target ?

12.33 PM Sep 30th

laxmi3112

New Member

82 Followers

SpiceJet  

Finally no change in fundamenral as crude wl hover between 45-50 till next year.If it cross 50 then shalegas wl become too much profitable which wl give more pain to OPEC.

11.56 AM Sep 30th

rohit.b.mis
hra

New Member

0 Follower

SpiceJet  

Vinci bhai kaha chu k muh lag rahe ho.... inhe toh yeh bhi nai pata hoga ki OPEC bas 34% produce karta hai.... baki 66% toh Non OPEC SE aata hai

11.11 AM Sep 30th

vinci270174

Gold Member

132 Followers

SpiceJet  

Hey hey...Bloomberg says 48.82 and Reuter says Oil prices dropped on Friday as investors took profits following a 7-percent rise in the last two sessions, amid doubts that OPEC`s first planned output cut in eight years would make a substantial dent in the global crude glut. Brent crude futures had

10.57 AM Sep 30th

vinci270174

Gold Member

132 Followers

SpiceJet  

Hey hey ...If the OPEC deal is so good, why is crude falling - just the next day of the deal?

10.50 AM Sep 30th

Commodities  

Yes, they are going to decide on cutting down Crude oil Production. I think OPECs will cut crude oil production by 2.1% from current level. This will be a best deal instead of going for Freeze.

10.23 AM Sep 30th

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