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OPEC and allied oil producers will consider deepening their existing oil supply reduction deal by about 400,000 barrels per day to 1.6 million bpd, Iraq's oil minister said on Sunday. The minister, Thamer Ghadhban, told reporters in Baghdad that the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, will consider deepening the cuts at meetings due this week in Vienna....
(Bloomberg) -- Prime Minister Boris Johnson announced plans to review Britain’s security, defense and foreign policy in the wake of a terror attack on Friday, which killed two civilians, and ahead of a NATO summit that begins in London on Monday.The attack has already interrupted this weekend’s campaigning for the Dec. 12 election and could influence the final result as voters turn their attention away from Brexit to issues of security. Johnson’s opponent, Labour Party Leader Jeremy Corbyn, said he didn’t agree that convicted terrorists always should serve out their full prison terms. He also accused governments of worsening the threat of such attacks and said the “war on terror has manifestly failed.”Must Read: The Tories Secretly Fear Trump Could Wreck Johnson’s ElectionFor more on the election visit ELEC.Key Developments:Johnson pledges Conservative government will make sure convicted terrorists serve their full prison sentencesJohnson plans a review of Britain’s security, defense and...
(Bloomberg) -- The OPEC+ alliance will consider deeper cuts to crude production when oil producing nations meet in Vienna on Dec. 5, Iraq’s oil minister Thamir Ghadhban said.The reduction could be about 400,000 barrels a day, he told reporters in Baghdad on Sunday, adding that Iraq complied with its commitment to lowering output in November. "This figure has been discussed and reached between OPEC ministers as a result of careful studies.""There are viewpoints for OPEC+ to do further cuts, but not as big as 1.2 million barrels a day," Ghadhban said. "Such cuts will lead to market stability, maintain shipments to consumers."Just one out of 35 analysts and traders in a global survey by Bloomberg expect OPEC and its allies will agree a further reduction when they meet. Most of them see the 24-nation coalition -- which cut output by 1.2 million barrels a day this year to prevent a glut...
U.S. President Donald Trump faced two deadlines in Congress on Sunday as Democrats prepared to shift the focus of their impeachment inquiry from fact-finding to the consideration of possible charges of misconduct over his dealings with Ukraine. The Democratic-led House of Representatives Judiciary Committee, tasked with considering charges known as articles of impeachment, has given the president until 6 p.m. EST (2300 GMT) on Sunday to say whether he or his legal counsel will participate in an impeachment hearing on Wednesday. The hearing, the first in a series of proceedings expected before the committee, will hear testimony on the impeachment process established under the U.S. Constitution from a panel of legal experts that has yet to be named....
