November 28th @ 5:50 PM GMT
Yahoo! Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday ahead of a meeting in Vienna meant to nail down a deal reducing the cartel's output by up to a million barrels per day. Saudi Arabia's energy minister appeared to suggest on Sunday that Riyadh could live with OPEC failing to agree its first cut in output in eight years, saying recovering demand would ''stabilise'' prices next year anyway. ''We don't have a single path which is to cut production at the O... (Politics)
November 25th @ 4:03 PM GMT
Reuters Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first. (Business)
November 25th @ 8:49 PM GMT
Yahoo! U.S. crude fell nearly 4 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts. U.S. crude futures settled down $1.90 a barrel at $46.06, a 3.96 percent decline. Prices continued to decline in post-settlement trading, dropping as low as $45.88 a barrel. (Top Stories)
November 25th @ 4:18 PM GMT
Yahoo! Oil prices fell more than 2 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts. Brent crude futures were trading at $47.79 a barrel at 10:51 a.m. ET, down $1.21. Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limi... (Business)
November 28th @ 10:18 AM GMT
Yahoo! OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT (4:00 a.m. ET) and were due to make recommendations to their ministers on how exactly the Organization of the Petroleum Exporting Countries should reduce production when it meets on Nov. 30. Meanwhile, the Algerian and V... (Business)
November 27th @ 10:47 PM GMT
Yahoo! Yemen's powerful ex-president Ali Abdullah Saleh, a key ally of the country's dominant Houthi movement, has asked the United Nations Security Council to allow him to travel to Cuba to pay respects to former president Fidel Castro, according to a statement by his party. Saleh, a former counter-terrorism ally of the U.S., has forces fighting alongside Iran-allied Houthis against a Saudi Arabia-led coalition in Yemen where war has killed at least 10,000 people. The United Nations Security Co... (World)
November 25th @ 11:41 PM GMT
Wall Street Journal Saudi Arabian oil officials won’t attend a meeting with their Russian counterparts and others, OPEC officials said, disrupting plans between the world’s two largest petroleum producers to coordinate output cuts meant to elevate slumping crude prices. (World)
November 26th @ 7:54 PM GMT
Reuters Yemen's President Abd-Rabbu Mansour Hadi arrived in the southern city of Aden on Saturday from Saudi Arabia to address civilian grievances including complaints about deteriorating services and delays in paying salaries, army and security sources said. (World)
November 25th @ 3:20 PM GMT
Reuters Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first. (Business)
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