OPEC and other oil producers may need to take "some extraordinary measures" next year to rebalance the oil market, the OPEC secretary-general said on Sunday.
U.S. West Texas Intermediate (WTI) crude futures were trading at $49.65 per barrel at 0327 GMT, up 7 cents, or 0.14 percent, from their last close.
OPEC is courting U.S. shale oil producers and other crude-producing nations to join the oil cartel to restore equilibrium price in the market, which would be advantageous for India as the country is one of the leading consuming countries.
Speaking of rising crude oil price, Mohammed Barkindo said that for India, which is dependent on OPEC countries for 90% of its imports, will require the active participation of both OPEC and other non-OPEC countries to restore balance.
In a deal aimed at clearing the glut, Opec is curbing output by about 1.2 million bpd, while Russian Federation and other non-Opec producers are cutting half as much, until March 2018. "I don't think there are many losers out there".
Blade Runner sequel off to slow start Warner Bros.is handling domestic distribution on " Blade Runner 2049 " through its output deal with Alcon Entertainment. Kingsman: The Golden Circle and American Made are duking it out to complete the top five, both on around $8.1 million.
Opec said it pumped 32.75 million bpd in September, up about 89,000 bpd from August. Last month, it expected a 590,000 bpd year-over-year increase to 9.84 million bpd.
Later on Wednesday, the American Petroleum Institute will release weekly U.S. fuel inventory data, followed by official figures from the U.S. Department of Energy on Thursday.
"It would be ambitious to expect shale producers to join the current production cut agreement, but the same could have been said for OPEC working with non-OPEC members to limit production output, and this has actually taken place".
Iraqi government forces and Iranian-trained Iraqi paramilitaries are "preparing a major attack" on Kurdish forces in the oil-rich region of Kirkuk and near Mosul in northern Iraq, the Kurdistan Regional Government (KRG) said.
Monroe Energy, a subsidiary of Delta Air Lines Inc, was shutting its 185,000 barrel-per-day Trainer, Pennsylvania, refinery due to a fire on Wednesday, a source familiar with the plant's operations said.
Trump (R) shakes hands with Canadian Prime Minister Justin Trudeau during a meeting in the Oval Office. "It's frankly disgusting the way the press is able to write whatever they want to write", Trump said .
If confirmed, such a hack would be a major blow for South Korea at a time when its relations with North Korea are at a low point. The South Korean defence ministry has so far refused to comment on the breach , which reportedly dates back to last September.
Trump on Saturday denied a frayed relationship with Tillerson but said he sometimes wishes Tillerson would be "tougher". Also around this time, Trump made a politicized speech to the Boy Scouts of America , which Tillerson once led.
It has told Blackburn she can leave the ad up but cannot pay to promote it unless she removes the line. Yesterday afternoon, Twitter made the decision to censor a campaign ad released by Marsha Blackburn .
They had been given a reprieve from deportation and the ability to work legally in the country under President Barack Obama . The president previously agreed to exclude negotiations over the status of the dreamers with his border wall project.
Shane Long is out of tonight's game between Ireland and Wales in Cardiff. "We were all absolutely devastated at what happened". Serbia are guaranteed a top-two position and therefore one of Wales and Ireland will miss out.
Walmart plans to include items bought in-store by early next year , and those sold online by third-party sellers eventually. But she also cautioned that Wal-Mart's mobile express return program isn't simply being unveiled to benefit customers.
However, she will add that she still believes she can negotiate the best deal possible for the United Kingdom and EU. This stalemate is bad news and makes either no deal or a best-case-scenario bad deal the most likely outcome.
Navy Destroyer in South China Sea Near Islands Beijing Claims
On Tuesday, three US officials confirmed that a US Navy destroyer sailed near islands claimed by China in the South China Sea . In recent weeks, North Korea has launched two missiles over Japan and conducted its sixth nuclear test, all in defiance of U.N.
Wildfire erupts in Southern California
More than 200 firefighters were battling the fire by Monday afternoon along with six helicopters and six fixed-wing planes. A wind-driven wildfire in Southern California, has grown to 7,500 acres, Anaheim Fire and Rescue tweeted Tuesday.
Fires Break Out Across Wine Country
Evacuation orders are also in effect in an area north of the town of Oroville, where the Cherokee Fire has burned 1,00 acres. The blazes engulfed acreage in Sonoma and Napa counties as responders worked through the night to fight the fires.
The Pixel 2 and its Bud
Sonos introduced a similar feature called TruePlay a few years ago, but it required manual interaction from the user. For instance, a #Do Not Disturb feature has been discovered in the handsets , which can be turned on while driving .