Bloomberg OPEC may convene an extraordinary meeting if the group’s ministers reach a consensus on oil markets at an informal gathering next week in Algiers, Secretary General Mohammed Barkindo said, according to Algeria’s official news agency. Barkindo said he is “optimistic” about the informal session in Algiers to be held Sept. 27 on the sidelines of a conference of ...

  Bloomberg Oil speculators headed for the sidelines as OPEC members prepare to discuss freezing output in the face of signs the supply glut will linger. Money managers cut wagers on both falling and rising crude prices before talks between OPEC and other producers later this month. The meeting comes after the International Energy Agency said that the global oversupply ...

  Bloomberg Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014. Futures rose as much as 2.1 percent in New York after losing 2 percent on Friday. The tanker Seadelta suspended loading after fighting started Sunday between local Petroleum Facilities ...