Oil dips as OPEC, Russian output rises ahead of production cut

Oil dips as OPEC, Russian output rises ahead of production cut

December 6, 2016
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By hellenicshippingnews Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. International Brent crude oil futures were trading at $54.64 (42.85 pound) … Read full story ›

Source:: Hellenic shipping news Oil