Market News Briefing – November 30th 2016 13:30 (GMT+1)


OPEC countries decided on a cut of 1.2 million oil barrels a day.
This is a decision that complies with the earlier forecasts.


Market News Briefing – November 29th 2016 15:30 (GMT+1)

Group of black oil barrels

The price of the oil is now falling by 3.9% to a price level of 45.2 dollars per barrel, at the background to what looked like a break-up of the summit attempt to decide tomorrow on OPEC output reduction.
Iran’s oil minister announced that his country doesn’t intend to sign a pledge to reduce the output and that the intention is only to leave the production levels as they were at OPEC meeting in September.