Tag: oil cut deal

Downward pressure on oil prices may continue after OPEC, partners face test on oil cut deal

  Saudi oil minister said he is “not confident” about chances of a deal on oil production cuts after a long day of negotiations at OPEC headquarters in Vienna. OPEC ministers resumed talks Friday before further discussions with 10 key partner countries, including Russia, later in the day to thrash out an agreement on production cuts. Amid sharp differences over which way to go, the oil market continued under pressure. In early trade Friday, the […]