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Morocco in Abu Dhabi kicks off from Dec 5

  Abu Dhabi / Emirates Business Welcomed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, and under the patronage of His Majesty King Mohammed VI of Morocco and supported by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and ...

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OPEC history shows deal on cuts only a beginning

  Bloomberg OPEC’s work isn’t done yet. Oil traders and investors cheered Wednesday’s landmark deal to curtail oil production. But history shows compliance with past accords to be patchy at best. Even if countries stick to their output caps, those that won exemptions could make the collective target all but unreachable if they boost production. The difficulty of monitoring non-OPEC ...

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Brent caps biggest weekly advance since 2009 on OPEC agreement

  Bloomberg Brent oil capped its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years, with attention now shifting to compliance with the deal and how other producers will react to a price rally. Futures closed at the highest in more than a year in London and New York. OPEC’s three largest producers — ...

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