Extension of cuts expected at OPEC meeting
OPEC
Vienna - Egypt Today
With oil prices nudging steadily higher, market expectations are for crude-pumping countries to prolong their deal to curb output at a meeting at OPEC headquarters in Vienna on Thursday.
Markets could be disappointed, however, with Russia reportedly not yet fully on board about signing up to extending the agreement, due to expire on March 31, until the end of 2018, experts say.
The deal by 24 producers reduced production by 1.8 million barrels per day, first struck a year ago, has already been given more time once.
It has borne fruit, helping reduce a global glut that sent oil prices to a less than $30 a barrel in early 2016, a level which helped consumers but blew a hole in producers' finances.
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 08:02 2015 Tuesday ,15 September
No snow: Californian water source at 500-year low
GMT 15:25 2018 Wednesday ,14 November
Friedrich Merz vows to steal half of AfD voters
GMT 07:44 2018 Friday ,09 November
Imelda Marcos faces prison after corruption convictions
GMT 10:12 2018 Sunday ,28 October
Eritrea warns Germany not to 'meddle' in region's affairs
GMT 06:53 2017 Saturday ,18 February
G20 foreign ministers vow to fight poverty in Africa
GMT 14:27 2017 Friday ,10 March
Hypercars mingle with station wagons
GMT 16:15 2017 Wednesday ,16 August
Grace Mugabe requests diplomatic immunity in assault case
GMT 21:28 2017 Friday ,31 March
China's Xi to meet Trump in Mar-a-Lago on April 6-7
GMT 13:13 2011 Friday ,16 December
Hyundai i-oniq Concept for Geneva 2012GMT 11:53 2011 Monday ,26 September
Guerrero: We’ve got Peruvians dreaming
GMT 18:17 2016 Sunday ,18 December
Iraqi warplanes bomb Daesh warehouses
GMT 16:54 2017 Sunday ,15 January
26 killed as Hadi forces push Houthis back
GMT 20:18 2016 Monday ,01 August
Israeli Navy Opens Fire on Palestinian Fishermen Off Rafah
GMT 04:29 2016 Saturday ,25 June
A New Generation of Robots is Ready for the MarketGMT 12:31 2011 Saturday ,26 November
Google working on OnLive rival for Chrome OS
GMT 12:36 2017 Saturday ,26 August
Syrian regime forces bombarded areas in Hama with air raids
GMT 23:18 2017 Thursday ,06 April
Will US intervene militarily against Syrian gov't in retaliation to alleged chemical attack?
GMT 23:18 2017 Wednesday ,01 March
Dh4.2m lawsuit against George Wassouf thrown out
GMT 12:57 2018 Tuesday ,09 January
German industrial orders dip in November
GMT 07:18 2018 Sunday ,07 January
Palestinians mark Orthodox Christmas
GMT 02:09 2017 Sunday ,08 January
Downtown Dubai is a place to be on New Year’s Eve
GMT 06:32 2018 Wednesday ,03 January
A Weathered Penny appoints
GMT 10:14 2015 Tuesday ,11 August
Woman drowns in Dubai after father blocks rescueGMT 13:51 2013 Friday ,25 January
Billy Bragg to get BBC Folk AwardGMT 00:30 2012 Thursday ,27 September
Causes of snoring in pregnancy revealed
GMT 08:30 2016 Sunday ,10 April
War photographer and mother, the womanGMT 14:06 2012 Thursday ,26 July
Depression linked to artificial lightGMT 07:17 2013 Tuesday ,02 April
Canadian fighters in Algeria siege grew up togetherGMT 05:44 2011 Tuesday ,19 April
New hope for secretive rare animalGMT 18:53 2012 Tuesday ,27 November
Radio host suspended over anti-SemitismGMT 04:41 2012 Thursday ,07 June
Disney to ban junk-food ads on TV channels, websites
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor