Iran says majority of Opec members support extending oil output cuts

Iran says majority of Opec members support extending oil output cuts

Iran's oil minister said on Monday that a majority of Opec members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30.

Oil prices rise in expectation of Aramco supply cut

Oil prices rise in expectation of Aramco supply cut

Oil futures rose on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as Opec tries to counter rising US output that is threatening to derail its attempts to end a sustained global crude glut.