Bloomberg OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output. The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to try finalize the terms of its first production decrease …

  Bloomberg After two tough years of falling oil prices and company valuations, investors in the world’s biggest energy producers have some cause for hope as crude prices continue their recovery from a 12-year low. They will be looking to OPEC not to dash it. Oil companies around the world have together added $490 billion to their market value this …

  Bloomberg Oil rose as Iraq pledged to cooperate with OPEC to reach an agreement this week that’s acceptable to all members. Futures rose as much as 2.7 percent in New York, reversing an earlier decline. Iraq’s Oil Minister Jabbar al-Luaibi said Monday he’s “ optimistic” a deal will be reached at OPEC’s summit in Vienna on Wednesday. Saudi Arabia …