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Oil Jumps 8 Percent on Prospects for Big OPEC Output Cut

By Karolin Schaps and Amanda Cooper LONDON, Nov 30  – Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world’s largest oil producers gathered in Vienna to try to agree a production cut that could be bigger than expected. Brent crude futures for delivery in January were

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OPEC Begins Debate On Oil Cuts Amid Deep Disagreement

By Rania El Gamal and Alex Lawler VIENNA, Nov 30 – OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Ministers from the Organization of the Petroleum Exporting

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Iran, Iraq at Loggerheads With Saudis Ahead of OPEC Meeting

By Ahmad Ghaddar and Vladimir Soldatkin VIENNA, Nov 29 – Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday. OPEC sources told

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OPEC May Decide on Extra Meeting Immediately after Algiers

ALGIERS, Sept 20  – OPEC members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa said on Tuesday. Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilise the oil markets at

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