VIENNA / Reuters OPEC and non-member oil producers could deepen output cuts or extend them for a year when they meet in Vienna this week as they seek to clear a global stocks overhang and prop up the price of crude, Kuwait said on Wednesday. The top oil producer in OPEC, Saudi Arabia, favours extending the output curbs by nine …

Bloomberg Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico that is considered the largest energy trade in Wall Street. The Middle Eastern nation is in the very early stages of exploring a hedge for as much as a quarter of either its crude production or …

Bloomberg Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains. Oil Minister Bijan Namdar Zanganeh’s willingness to embrace a deal that leaves Iran room to pump about 3.8 million barrels …