World Week Ahead: Eyes on OPEC, US debate

Sun, 25 Sep 2016

By Margreet Dietz Sept. 26 (BusinessDesk) - The Organisation of Petroleum Exporting Countries will meet in Algiers today, with investors watching to see if an agreement on limiting oil output can be reached in an effort to ease the global glut and bolster prices. On Friday US West Texas Intermediate crude futures slid 4 percent to US$44.48 amid concern Saudi Arabia and Iran won’t be able to break through a stalemate when it comes to a production freeze. Both nations are key members of OPEC. “A 'No Deal' result in our definition will be...

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