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Brent suffered its biggest one-day loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand......»»

Oil futures fell sharply Friday, extending losses after news reports said talks between the Organization of the Petroleum Exporting Countries and its allies, led by Russia, had collapsed without a dea.....»»

The Organization of the Petroleum Exporting Countries said it held further consultations after its initial recommendations on production cuts on Thursday. OPEC now recommends extending the duration of the proposed 1.5 million barrels per day in additio.....»»

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......»»

Algeria energy minister and OPEC president said on Tuesday OPEC+ countries will discuss new "substantial" oil production cuts at their meetings in Vienna this week, Algerian state news agency APS reported......»»

Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies......»»

Global oil inventories could rise sharply despite OPEC and its allies deepening their output cuts and slowing U.S. production growth, the International Energy Agency (IEA) said on Thursday......»»

In its December report, the International Energy Agency forecasts that the recently announced OPEC+ production cuts will not be enough to reduce supplies. Based on futures trading, oil markets appear........»»

Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by the United States and other non-OPEC nations, the International Energy Agency (IEA) said on Thursday......»»

Oil prices rose on Friday, supported by a drop in European inventories and expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest since the financial crisis of 2008......»»

Oil prices rose on Friday, supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008......»»

As OPEC+ proudly announces it is extending its production cuts into 2020 (while desperately .....»»

It is very possible that oil and the energy sector as a whole will stay volatile, and these top stocks are solid plays for investors with a long-term view......»»

Saudi Arabia, the world’s largest crude exporter, doesn’t see a need for deeper cuts and markets will likely balance in the next six to nine months, Saudi Energy Minister Khalid Falih said......»»

Trump says will not accept high oil prices, crude dips (Reuters) OPEC, Russia Oil Officials Hint at Extending Production Cuts (WSJ) Comey Memos Reveal Trump’s Early Doubts About Flynn (WSJ) Global stocks set for second week of gains,.....»»

The International Energy Agency expects that the OPEC production cuts will have balanced global oil markets by next month......»»

Opening The Oil Spigot: Why OPEC May Ease Production Cuts And The Impact On Energy Stocks.....»»

Energy Recap: New OPEC Deal Set To Increase Oil Production.....»»

Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output......»»

Oil prices rose on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output......»»