OPEC, After Bolstering Oil Prices, Considers Ramping Up Production [The New York Times]
Citigroup, Inc. (C)
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Source: The New York Times
Image Saudi Arabia’s energy minister, Khalid al-Falih, has led a shift among producers to raise production of crude oil. Credit Heinz-Peter Bader/Reuters By Stanley Reed June 22, 2018 VIENNA — Major oil-producing countries moved on Friday toward an agreement to jointly raise exports, a decision that has driven considerable division among them but that could temper criticism from President Trump. Officials from the Organization of the Petroleum Exporting Countries, as well as other major producers like Russia, were set to increase their total output by less than 1 percent of the global oil supply. Though a relatively small addition to the world energy market, the move nevertheless signals a willingness by international suppliers to address rising prices. “We will come out with an agreement to ease market concerns about the availability of crude oil,” Khalid al-Falih, Saudi Arabia’s energy minister, said on Friday in Vienna. The price of Brent crude, the in
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- C's page on the SEC website