Oil Trades Near 3-Week Low as OPEC Deal Faces ‘Stumbling Blocks’

By hellenicshippingnews Oil traded near a three-week low below $50 a barrel as traders remained skeptical that OPEC will manage to curtail production following its surprise deal in Algiers last month. Futures rose 0.3 percent in New York after falling 1.6 percent Wednesday. OPEC Secretary-General Mohammed Barkindo urged members to show “maximum flexibility” to agree […]

Published October 27, 2016

By LizOutLoud

By hellenicshippingnews Oil traded near a three-week low below $50 a barrel as traders remained skeptical that OPEC will manage to curtail production following its surprise deal in Algiers last month. Futures rose 0.3 percent in New York after falling 1.6 percent Wednesday. OPEC Secretary-General Mohammed Barkindo urged members to show “maximum flexibility” to agree on output cuts, after saying ... Read full story ›

Source:: Hellenic shipping news Oil

      

Copyright © 2026 Consilience Energy Advisory Group. 
Proudly designed and maintained by LCPMW.
envelopephonemap-marker
View Cart Checkout Continue Shopping
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Powered by Ceag.org  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.