Oil falls as OPEC nears deal to raise production

OPEC members will discuss output at Friday's meeting......»»

Oil Falls -2% As OPEC Nears Deal To Raise Production.....»»

The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, announced Thursday that they've reached an agreement that would see production gradually climb from May through July. Details o.....»»

Oil prices tumbled more than 3 percent Friday after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices......»»

Oil prices fell on Tuesday, slipping from five-month highs as Russian comments indicating a possible easing from its production-cutting deal with OPEC overshadowed the prospect that violence in Libya could further tighten global markets......»»

SINGAPORE (Reuters) - Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating......»»

The odds of OPEC reaching an oil-production deal increased as Iran edged away from a threat to veto any agreement that would raise output and Saudi Arabia put forward a plan that would add about 600,000 barrels a day to the global market......»»

The odds of OPEC reaching an oil-production deal increased as Iran edged away from a threat to veto any agreement that would raise output and Saudi Arabia put forward a plan that would add about 600,000 barrels a day to the global market......»»

VIENNA (Reuters) - OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions......»»

VIENNA (Reuters) - OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said......»»

Heinz-Peter Bader/Reuters Oil prices rose more than 2% on Friday. OPEC reportedly reached a deal to raise output by a nominal one million barrels per day. Follow oil in real time here. Oil prices rose more than 2% Frida.....»»

SINGAPORE (Reuters) - Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday......»»

LONDON (Reuters) - Brent crude oil fell 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production......»»

AP/Ronald Zak Oil fell nearly 2% early Monday. OPEC and other countries who coordinate output with the group agreed to raise production.  Follow oil in real time here. Oil price.....»»

The OPEC agreement reached last month to raise crude oil production was likely a pro forma deal arranged months before when the United States pulled out of the nuclear deal with Iran......»»

OPEC significantly reduced its crude-oil production in January, making good on its latest deal to curb output and rebalance an oversupplied market, the oil cartel said Tuesday......»»

Oil futures remain higher on Tuesday after reports said the Organization of the Petroleum Exporting Countries and its allies plan to keep their plan to gradually raise production in place, and cancel a meeting that was scheduled for Wednesday......»»

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Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic......»»

Following the market opening Monday, the Dow traded down 1.35% to 23,399.06 while the NASDAQ fell 0.42% to 8,119.59. The S&P also fell, dropping 1.24% to 2,755.34. read more.....»»