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OPEC says crude supply not to blame for oil price
Saudi Arabia and other OPEC members said on Wednesday they are not to blame for near-record oil prices, pointing the finger at a global shortage of refinery capacity and international political tension.
The Organization of the Petroleum Exporting Countries is ready to pump more, but for now sees no need and has rebuffed calls from consumer [...]
Oil prices continue to fall
Qatar Oil Minister says OPEC has ‘no choice’ but to agree to cut production when it next meets in December.
Oil eased on Monday, struggling to recover from a 17-month low hit last week, as OPEC talk of a further supply cut reinforced doubts about the group’s existing reduction.
Traders and analysts said OPEC’s talk of a [...]
