MRO Magazine

price of oil

  • News Industry

    OPEC and other nations set to extend output cuts

    May 25, 2017 by The Canadian Press

    Vienna – OPEC and other oil nations meeting Thursday were set to extend their production cuts in an effort to shore up prices. But the intended impact could be short-lived. That’s due to U.S. shale producers. With crude prices above

  • News Industry

    AP Analysis: Will oil producers’ cut have lasting impact?

    December 13, 2016 by The Canadian Press

    Vienna – It seems like a big deal. But the joint production cut from OPEC and non-OPEC countries – the first in 15 years – might push up the price of oil less than the nations involved are banking on.