US oil prices extended modest profits on Thursday as OPEC’s strong compliance with a supply.
The compliance of OPEC and independent producers with oil output cuts in force since January.
OPEC’s desire to clear the global oil inventory overhang may come sooner than expected, enabling.
“Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take.
Saudi Energy Minister Khalid al-Falih said Monday that oil producing nations could start discussing in.
OPEC agreed to extend its oil-production cuts to the end of 2018, subject to a.
Oil dropped below $58 a barrel as investors weighed an increase in US oil drilling.
OPEC needs to extend limits on oil output to help rein in the remaining excess.
The oil market is re-balancing at a quickening pace and production cuts are the “only.
Saudi Arabia is ready to back a deal to extend cuts in oil production to.