Oil holds a narrow range as OPEC meeting looms

Oil holds a narrow range as OPEC meeting looms

Oil prices were little changed in early Asian trade on Friday, as investors eyed a key OPEC meeting in Vienna and Saudi Arabia and Russia, architects of a producer deal to cut output, indicated they want production to rise.

India, China In Talks To Form Bloc Against Opec

India, China In Talks To Form Bloc Against Opec

India and China, which together accounted for almost 17% of world oil consumption last year, are working on combining their shopping carts with a view to challenging Opec’s capability to play havoc with crude prices and seek better bargains from the cartel of oil exporting countries, especially its West Asian members.

Oil shortage or surplus? Floating storage swamps Europe

Oil shortage or surplus? Floating storage swamps Europe

OPEC is considering whether or not to raise its oil production to prevent the global market from becoming too squeezed, but there is one part of the world that is telling a very different story about the balance between supply and demand.

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