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Tag: impasse
OPEC+ Yet to Make Progress in Resolving Impasse
2021-07-12 15:28:31| OGI
OPEC+ has yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said on July 12.
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Oil Prices Firm on US Inventories Decline Despite OPEC+ Impasse
2021-07-09 11:15:00| OGI
Oil prices on both sides of the Atlantic were on track for a weekly loss of nearly 2%, dragged down by the collapse of output talks between OPEC and allies including Russia, together known as OPEC+.
Russia Steps in to Rescue OPEC+ Deal as Saudi-UAE Still at Impasse
2021-07-07 22:55:00| OGI
Disagreement between the two Gulf OPEC allies was publicly exposed last week, with Riyadh and Abu Dhabi at odds over a proposed deal that would have brought more oil to the marketpotentially cooling a rally.
J.C. Penney Lenders Plan Takeover After Sales Talks Hit Impasse
2020-08-31 20:54:00| National Real Estate Investor
The company plans to continue exploring outside bids, but its advisers will now work with lenders to negotiate a debt-for-equity swap.
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