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Russia and several other oil-producing countries are near agreement to not increase production
Saudi Arabia, Venezuela, Russia and Qatar proposal leaves few analysts impressed.
What happens when neither the oil cartel nor anyone else manages supply?
With a global oil glut and prices slipping, oil producers are in trouble.
The oil cartel OPEC may seek production limits to draw down the global oil glut.
The cost is at a 4-month low. What's going on?
OPEC predicts oil prices will hang below $100 a barrel for as long as a decade.
Oil, whose price has halved in the past year, accounts for 95 percent of the country’s exports and 45 percent of the government’s budget.
Members of the oil cartel could get higher prices if they cut production but there would be a cost.
With oil prices falling, the group will have to give up market share or profits.
