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VIENNA | Oil prices spike on mooted production cut

VIENNA— Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil Minister Thamir Ghadhban told reporters the proposed cut would be made up of 800,000 … Continue reading VIENNA | Oil prices spike on mooted production cut

VIENNA | OPEC delays oil output decision pending Russia talks

VIENNA — OPEC countries hoping to support the price of oil put off their decision Thursday on how much to reduce oil production until they negotiate with ally Russia on Friday on how much it will contribute to the cut. Some saw it as a sign that the group of oil-producing nations may not have … Continue reading VIENNA | OPEC delays oil output decision pending Russia talks

VIENNA | OPEC looks to cut oil production to support falling price

VIENNA — OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and some key allies, like Russia, would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since October because major producers — including the … Continue reading VIENNA | OPEC looks to cut oil production to support falling price

VIENNA | UN nuclear watchdog says Iran abiding with 2015 deal limits

VIENNA  — The U.N.’s nuclear watchdog said Monday that Iran is abiding by the deal reached in 2015 with major powers that aimed at preventing Tehran from building atomic weapons in exchange for economic incentives. In a confidential quarterly report distributed to member states and reviewed by The Associated Press, the International Atomic Energy Agency … Continue reading VIENNA | UN nuclear watchdog says Iran abiding with 2015 deal limits

VIENNA | UN nuclear watchdog: Iran remains within 2015 deal limits

VIENNA  — The U.N. nuclear watchdog said Monday that Iran remains within the limitations set by the deal reached in 2015 with major powers, aimed at keeping Tehran from building atomic weapons in exchange for incentives. In a confidential quarterly report distributed to member states and reviewed by The Associated Press, the International Atomic Energy … Continue reading VIENNA | UN nuclear watchdog: Iran remains within 2015 deal limits