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The Organization of the Petroleum Exporting Countries and their allies, collectively known as OPEC+, will meet later this week as speculation that the oil producers will consider increasing the size of crude output cuts already in place grows......»»

In a sign of the times, the Organization of the Petroleum Exporting Countries and allied oil producers will hold a virtual meeting Thursday to make a decision on global crude production that could make or break the oil market......»»

Oil futures trade lower Friday, pulling back from a two-month high, but remain on track for a weekly rise on growing expectations OPEC and its allies will agree to extend production cuts when they meet next month......»»

Oil futures trade lower Friday, pulling back from a two-month high, but remain on track for a weekly rise on growing expectations OPEC and its allies will agree to extend production cuts when they meet next month......»»

The Organization of Petroleum Exporting Countries’ decision to extend production curbs by another nine months shows just how concerned the group and allied oil producers are about a slowdown in energy demand......»»

Achieving a balance in the oil markets is proving to be a challenge for the Organization of the Petroleum Exporting Countries and its allies, and they face their stiffest test yet when they meet in Vienna next week......»»

The Organization of the Petroleum Exporting Countries and their .....»»

Oil futures rallied Thursday.....»»

Gasol.....»»

Oil futures rally Thursday by more than 5% after the Organization of the Petroleum Exporting Countries and its allies said they will rollover current production cuts to the end of April......»»

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The world is rapidly running out of space to store crude oil and producers may finally have to admit defeat and cut output after prices fell below zero this week with supply overwhelming demand as economies slump in the wake of the coronavirus pandemic......»»

OPEC has failed to secure a deal with Russia and other non-OPEC producers on its plans for big, additional oil production cuts, two OPEC sources said on Friday at talks between ministers from the informal alliance known as OPEC+......»»

OPEC ministers tried to force Russia to join them in production cuts, a high-stakes gamble that risks an oil price crash if it backfires......»»

OPEC ministers tried to force Russia to join them in production cuts, a high-stakes gamble that risks an oil price crash if it backfires......»»

OPEC ministers said on Thursday they would recommend to OPEC+, a group that includes Russia, that additional oil production cuts of 1.5 million barrels per day (bpd) run until the end of 2020 rather than just during the second quarter......»»

OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide......»»

OPEC and its allies will consider making substantial oil production cuts to lift prices that have been battered by the coronavirus outbreak, Algeria's oil minister said on Tuesday, as ministers began arriving for talks in Vienna this week......»»

Russia continues to resist moving up a March meeting of OPEC+ oil ministers to deal with the falling demand for crude caused by the coronavirus outbreak. There are several reasons for that......»»

Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts......»»