Advertisement
Singapore markets open in 5 hours 57 minutes

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,068.45
    +57.85 (+1.15%)
     

  • Dow

    38,485.33
    +245.35 (+0.64%)
     

  • Nasdaq

    15,705.43
    +254.12 (+1.64%)
     

  • Bitcoin USD

    66,770.73
    +424.07 (+0.64%)
     

  • CMC Crypto 200

    1,435.24
    +20.48 (+1.45%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Gold

    2,337.80
    -8.60 (-0.37%)
     

  • Crude Oil

    83.39
    +1.49 (+1.82%)
     

  • 10-Yr Bond

    4.5940
    -0.0290 (-0.63%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

UAE says OPEC likely to agree to cut oil output at Vienna meeting: Al Bayan newspaper

Reuters
FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger (Reuters)

DUBAI (Reuters) - There is an initial agreement within OPEC to cut production in the coming meeting in Vienna on December 6, but the amount has not been decided yet, UAE OPEC Governor Ahmed al-Kaabi said on Tuesday.

He said that OPEC will very likely reduce production, adding that the (JMMC) technical committee at OPEC was still studying markets and will share final conclusions before Vienna's meeting, he told the Al Bayan newspaper.

He added that the UAE is committed to any OPEC decision.

(Reporting by Hadeel Al Sayegh; editing by Jason Neely)