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NewsWatch: OPEC and its allies strike historic agreement to cut nearly 10 million barrels a day

Saudi Arabia, Russia and the U.S. agree to lead a multinational coalition in major oil-production cuts after a month-long Saudi-Russian feud and a drop in demand due to the coronavirus crisis devastated oil prices......»»

Category: topSource: marketwatchApr 12th, 2020

The Wall Street Journal: OPEC and its allies on Sunday strike historic agreement to cut nearly 10 million barrels a day

Saudi Arabia, Russia and the U.S. agree to lead a multinational coalition in major oil-production cuts after a month-long Saudi-Russian feud and a drop in demand due to the coronavirus crisis devastated oil prices......»»

Category: topSource: marketwatchApr 12th, 2020

OPEC+ needs to agree output numbers before meeting: Iran oil minister

There needs to be an agreement on oil production numbers before any future meeting between OPEC and non-OPEC members, Iran's Oil Minister Bijan Zanganeh tweeted on Tuesday......»»

Category: topSource: reutersApr 7th, 2020

Russia Reportedly Rejects Further OPEC-Backed Oil Production Cuts

OPEC and its non-OPEC members (OPEC+) have failed to agree on further cuts to oil production as a response to the slowdown in the global economy due to the coronavirus outbreak. Russia now looks like........»»

Category: blogSource: 247wallstMar 6th, 2020

Futures Movers: Oil prices head higher a day after entering bear market

Oil futures head higher Tuesday as investors bet that OPEC and its members will agree to deeper production cuts to stem a coronavirus-inspired tumble in the commodity that entered a bear market a day ago......»»

Category: topSource: marketwatchFeb 4th, 2020

Futures Movers: Oil positioned for modest price rebound a day after entering bear market

Oil futures head higher Tuesday morning as investors bet that OPEC and its members will agree to deeper production cuts to stem a coronavirus-inspired tumble in the commodity that entered a bear market a day ago......»»

Category: topSource: marketwatchFeb 4th, 2020

OPEC agrees to redistribute oil cuts under Saudi pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden......»»

Category: topSource: moneycentralDec 6th, 2019

OPEC+ agrees to redistribute oil cuts under Saudi pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden......»»

Category: topSource: moneycentralDec 6th, 2019

Futures Movers: Oil prices rally after OPEC agrees to smaller-than-expected production boost

Oil prices rally Friday as OPEC members agree to essentially raise output by an amount that isn’t expected to flood the market with crude......»»

Category: topSource: marketwatchJun 22nd, 2018

OPEC members expected to agree cut in crude production

OPEC members are meeting to agree on their response to recent declines in oil prices, with analysts predicting a cut in production of at least 1 million barrels per day......»»

Category: topSource: foxnewsDec 6th, 2018

OPEC Meeting Ends As Members Agree To 1.2 Million Barrels Per Day Production Cut

Update (8:40 am ET): The latest wave of reports out of Vienna has put the wind back in crude's sails. After two days of heated negotiations, the OPEC+ delegates have final.....»»

Category: blogSource: zerohedgeDec 7th, 2018

Currencies: Dollar slides after jobs report weakness

The U.S. dollar tracks lower on Friday, following a cooler-than-expected jobs report and some dovish Fedspeak. Commodity-linked currencies strengthen after OPEC members and Russia agree to curb oil production......»»

Category: topSource: marketwatchDec 7th, 2018

Johnson & Johnson vaccine shipments to states dwindle to zero as production freeze continues

Allocations to states of Johnson & Johnson's one-shot vaccine dry up after contamination crisis at Baltimore subcontractor Emergent BioSolutions.....»»

Category: topSource: washpostMay 13th, 2021

OPEC+ Monitoring Committee Meeting Preview

OPEC+ Monitoring Committee Meeting Preview Submitted by Newsquawk JMMC/OPEC+: Members are seen maintaining production quotas, but surprises cannot be d.....»»

Category: dealsSource: nytApr 27th, 2021

OPEC members are considering oil-production cuts ahead of schedule in order to backstop plunging prices, new report says

Associated Press Some OPEC members are considering cutting oil production right away instead of waiting until a historic d.....»»

Category: topSource: businessinsiderApr 21st, 2020

OPEC, other oil-producing oil nations agree to cut output by nearly 10 million barrels

OPEC, Russia and other oil-producing nations have finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war......»»

Category: dealsSource: nytApr 13th, 2020

Oil prices are flat after OPEC and allies agree to historic production cut

Oil prices were flat in overnight trading after OPEC and its allies agreed to a historic deal to cut production by a record 9.7 million barrels per day......»»

Category: topSource: moneycentralApr 13th, 2020

OPEC and Russia agree on cuts in oil production, in theory

An all-day conference leads to an agreement to cut production that may be too little, too late......»»

Category: topSource: washpostApr 9th, 2020

Oil prices rise on optimism OPEC+ meeting will result in supply cut

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand......»»

Category: topSource: reutersApr 9th, 2020

Crude futures climb ahead of OPEC+ meeting

Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand......»»

Category: topSource: reutersApr 8th, 2020