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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......»»
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......»»
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......»»
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........»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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.....»»
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.....»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»