Oil deal

Chinese President Xi Jinping has signed an oil deal with Venezuela, as part of a four-day tour of Latin America.

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The deal between OPEC members and oil exporting countries from outside the group could bring more stability to the oil market for the common benefit, Saudi.

With Oil Deal, GE CEO Immelt Revamps His Strategy General Electric will combine its oil-and-gas business with Baker Hughes to form a separate publicly.A blockbuster deal between the oil and gas industry, labor unions, and the Argentine government could pave the way for a flood of new investment in shale.A multibillion-dollar Russian deal to buy the Indian refiner Essar was nearly sunk at the 11th hour by a rival bid from Saudi Arabia as the two oil.Fawad Razaqzada, market analyst at Forex.com, said a Trump-inspired growth spurt in the US and a recovery in China could spur demand for oil at a time when Opec has found a way to restrict supply.

Assurance on oil deal compliance to keep prices supported

A cash for oil deal between Baghdad and Kurdish Regional Government appears to be in tatters.

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‘If Russia & Saudi Arabia lead, rest will follow’: Saudi

Follow the money: Will Trump repay Putin by ending Russian sanctions and killing the Paris climate deal.The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade the country to participate in.Last week, I told you there were massive oil finds in the Indian Ocean, and that the United States is in a covert war to get them.

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Adding to the oil price momentum was a comment from Saudi Arabia suggesting it could make bigger cuts than first envisaged.

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Coming into this week, oil was drifting down, on doubts about the rumored OPEC oil deal.

The move follows an agreement last month by Opec members to cut production by 1.2m barrels a day, also from the New Year, that followed weeks of wrangling.

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Although less than the targeted 600,000 barrels, it was the largest ever contribution to production cuts by non-Opec members and was the first such agreement between Opec and non-Opec members for 15 years.Saudi Arabia approves ambitious plan to move economy beyond oil.

The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil.Crude oil prices jumped at the Asian open after OPEC and non-member producers agreed on a deal to cut output to ease a global supply glut.Tehran (AFP) - Iran claimed victory after it was spared any of the cuts in oil production accepted by other OPEC members, including its bitter regional.

China's Oil Costs Climb After OPEC Deal - rfa.org

Dallas-based Hunt Oil Co., whose owner was an adviser to President George. W. Bush and a top fundraiser, knowingly signed a production sharing contract.

But the prospect of US shale producers continuing to raise their own output levels, offsetting cuts by Opec, meant analysts were divided over whether the oil price has further to climb.Contrary to the strong denial by former President Olusegun Obasanjo early in the week that he endorsed the controversial Malabu Oil deal, recently released official.Companies believe the industry is on the brink of recovery and Opec will agree to cut output.

Markets have hope that the Saudis and Russians will reach a deal on cuts in oil output.

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As world oil prices rise, the increased costs are likely to outweigh any potential benefits for China.