But analysts said that the cuts are likely to cause other producers, especially US shale drillers, to increase output. A meeting with non-OPEC countries in Moscow on 9 December has been pencilled in.
Donald Trump expected to name 78-year-old billionaire Wilbur Ross as Commerce Secretary Wednesday. In addition, it would be his job to sell the new administration’s economic program to Congress.
Steven Mnuchin, President-elect Donald Trump’s nominee for Treasury Secretary, gets on an elevator after speaking with reporters in the lobby of Trump Tower, Wednesday, Nov. 30, 2016, in NY. While that is what was said by Mnuchin, it seems to be break away from what has...
Today’s decision by the federal government to reject the Enbridge Northern Gateway pipeline and tankers proposal is an important and hard-fought victory says West Coast Environmental Law – one that paves the way for communities to put a stop to the Kinder Morgan Trans...
Nigeria and Libya were exempt from the deal while Iran was allowed to increase production slightly above its October output. Traders also reacted to robust US economic data.
“This is a clear stretch of state emergency management authority and a further attempt to abuse and humiliate the water protectors”, Dave Archambault, chairman of the Standing Rock Sioux tribal council, said in a statement. Propane tanks also will be blocked because...
Oil stocks climbed after Opec nations, which collectively produce more than one-third of the world’s oil, agreed to trim production for the first time in eight years.