Experts do not expect a major impact on oil price IFM Correspondent August 17, 2016: The past week saw OPEC announcing plans for an informal meet at the International Energy Forum in late September. The announcement comes at a time when Saudi Arabia is pumping a record amount of oil and Iran is resuming production...
Oil output levels won’t change; members say market should influence price IFM Correspondent June 3, 2016: The price of oil rose slightly despite OPEC producers failing to come up with a solution to curb output at their meeting on Thursday. Brent crude on Thursday ended at $49.94 a barrel, 0.4% higher. The new oil minister...