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Opec quota discussions can be challenging at the best of times — and the cause for lengthy negotiations among producers. Opec-plus’ planned discussions later this year on adjusting existing production baselines, which serve as a benchmark for the group's supply cuts, have brought the issue to the fore again, with some members beginning to position ...
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Oil held a gain before the release of OPEC’s market outlook, with traders looking for clues on whether supply curbs will be extended, and US inflation data that will shape expectations for monetary policy. West Texas Intermediate traded above $79 a barrel after advancing by 1.1% on Monday, with global benchmark Brent closing near $83. With rising US ...