Social and Events

Traders said prices were mostly driven up by uncertainty around oil exports by Libya.

In the United States. U.S. energy companies last week cut one oil rig. the first reduction in 12 weeks.

The idea to bump output has been advocated by Saudi Arabia and Russia.

The request to halt Japanese imports signals a tougher stance than in 2012.

Redistribution of quotas between countries to reduce oil production would become main issue at the meeting.

The group started withholding supply in 2017 to prop up prices.

Caracas will support those OPEC + decisions that will lead to an acceptable oil price for all producers.

In the wake of the last sanctions on Iran. financial institutions became very conservative.

The parties will discuss possible increase of oil production.

OPEC. together with other key producers including Russia. started withholding output in 2017 to prop up prices.