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 21:00 2017 Sunday ,10 September
Mikheil Saakashvili and hundreds of his supportersGMT 10:31 2011 Sunday ,23 October
New climate study deals blow to skeptics
GMT 07:35 2017 Wednesday ,22 November
Tuna quotas 'step backward'
GMT 15:06 2015 Sunday ,09 August
Jon Stewart's most memorable 'Daily Show' moments
GMT 09:51 2019 Monday ,19 August
Live a frustrating atmosphere in your career
GMT 10:37 2018 Monday ,19 November
Five killed, 12 injured in traffic accident in Egypt's Aswan
GMT 10:25 2017 Sunday ,05 March
Brazil's construction giant pays Colombia's FARC protection money
GMT 22:58 2014 Sunday ,05 October
Land Rover reveals new Discovery SportGMT 18:49 2011 Sunday ,09 October
Ultraviolet light shone on cold winter conundrum
GMT 04:51 2017 Friday ,24 March
Salvage of South Korea's Sewol ferry
GMT 17:13 2017 Saturday ,06 May
OIC calls for more awareness about dangers of Islamophobia
GMT 19:27 2017 Wednesday ,08 March
Blast hits military hospital in Kabul
GMT 20:15 2017 Wednesday ,19 April
6 killed in blast in Aleppo
GMT 10:55 2013 Tuesday ,09 July
Bomb blast in Somali capital wounds 5
GMT 08:50 2015 Saturday ,17 October
2 dead in attack on Iran Shiite worshippers
GMT 21:13 2017 Thursday ,23 February
Iraq forces poised for Mosul airport assault
GMT 16:38 2017 Sunday ,12 February
Police foil suicide bombing; 2 wounded
GMT 03:03 2014 Tuesday ,01 July
At least 2 killed in Somali market bomb blastGMT 17:54 2011 Thursday ,03 November
W.Va. private university cuts tuition
GMT 11:53 2014 Wednesday ,02 July
South Sudan denies tension despite clashes
GMT 00:19 2017 Monday ,01 May
Royal Oman Navy Vessel 'Shabab Oman II' sets off on Europe voyage
GMT 04:06 2012 Sunday ,21 October
Should we fear the Muslim Brotherhood?GMT 12:56 2012 Wednesday ,27 June
Diving with sharks in Dubai at AtlantisGMT 11:27 2011 Wednesday ,19 October
New Apple app helps catch cheating wife
GMT 23:10 2016 Friday ,20 May
Police officer killed, 2 injured during manhunt for suicide in Cairo
GMT 00:43 2015 Wednesday ,18 February
Kuwaiti foreign ministry undersecretary meets British official
GMT 09:35 2017 Wednesday ,29 March
Exxon Mobil urges Trump to stay in Paris climate accord
GMT 20:04 2016 Saturday ,16 April
Prime Minister Li stresses innovation for higher education
GMT 02:37 2014 Monday ,01 September
Kuwaiti emir's UN honouring, source of pride for Arabs, Muslims
GMT 21:48 2017 Thursday ,09 February
First model with Zika to sign with a modelling agency
GMT 15:18 2014 Tuesday ,08 April
How to burn fat effectively
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