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OPEC Nears Deal on Cutting Output Target After Fraught Talks

OPEC Nears Deal on Cutting Output Target After Fraught Talks

OPEC stood on the verge of a deal to cut its official production target, but after six hours of fraught talks in Vienna on Thursday ministers left the cartel’s headquarters before a final agreement was nailed down.
Gold Falls off 4-Week Highs as Trump Officials Tout China Talks Again

Gold Falls off 4-Week Highs as Trump Officials Tout China Talks Again

Gold backed off from four-week highs on Wednesday as markets returned to a risk-on mode after Trump Administration officials said the U.S. remained in talks with the Chinese, just a day after President Donald Trump said a deal was unlikely until after 2020.
Oil Defies Trade-Deal Bearishness to Rise Before OPEC+ Meeting

Oil Defies Trade-Deal Bearishness to Rise Before OPEC+ Meeting

Oil defied trade-deal bearishness to rise for a third day after an industry report pointed to shrinking U.S. crude stockpiles and before OPEC+ decides on its output-cut policy later this week.
Gold Ends off Lows as U.S. Renews China Tariff Threat; Palladium Hits New Record

Gold Ends off Lows as U.S. Renews China Tariff Threat; Palladium Hits New Record

Gold ended off its lows on Monday as risk-averse investors sought a hedge after the U.S. reissued its tariffs ultimatum to China. Palladium, meanwhile, surged to record highs above $1,860 on more concerns of supply risk in the auto-catalyst metal.
Nigeria commits to OPEC agreements before Vienna meeting

Nigeria commits to OPEC agreements before Vienna meeting

Nigeria is committed to full implementation of agreements among OPEC and non-OPEC members, its minister of state for petroleum said on Sunday, ahead of an OPEC meeting in Vienna.
Saudi Aramco IPO's retail tranche oversubscribed - lead manager

Saudi Aramco IPO's retail tranche oversubscribed - lead manager

The retail portion of Saudi Aramco's initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals (7.9 billion pounds), lead manager Samba Capital said on Thursday.