🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Reuters: OPEC, Russia considering 10-20 year oil alliance

Published 03/27/2018, 12:11 PM
© Reuters.  Reuters: OPEC, Russia considering 10-20 year oil alliance
SCO
-
UCO
-
DTO
-
SZOXF
-
BNO
-
OILold
-
OIL
-
DBO
-
USL
-
USO
-
DNO
-
DWT
-
UWT
-
OLO_old
-
WTID_old
-
WTIU_old
-
OILX
-
OILD_old
-
OILU_old
-
OILK
-
USOD
-
USOU
-
USAI
-
  • OPEC and Russia are working on a long-term deal that could extend controls over world oil supplies for 10-20 years rather than on a year-to-year basis, Saudi Crown Prince Mohammed bin Salman tells Reuters.
  • “We have agreement on the big picture, but not yet on the detail," bin Salman says.
  • Russia has worked alongside OPEC during previous oil gluts, but a 10-20 year deal between the two would be unprecedented.
  • Despite longstanding differences, Russia and Saudi Arabia have been drawn together by a common interest in propping up flagging world oil prices, and by Russia's new-found clout in the Middle East since the country's military intervention in Syria.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, UBRT, DBRT, OILD, OILU, USAI
  • Now read: Why Oil Prices May 'Go To Hell In A Handbasket'


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.