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Oil Losses Steepen, OPEC Indecisive On Level Of Production Cuts

WTI grade crude oil is once again threatening to break below the $50-per-barrel barrier following two sub-$50 sessions in late November. read more.....»»

Category: blogSource: benzingaDec 6th, 2018

IEA Wobbles on Impact of OPEC Cuts, Citing Growing US Production

The International Energy Agency on Thursday released its monthly oil market report for December. The agency expects demand to rise both this year and next. Record-level U.S. production could keep........»»

Category: blogSource: 247wallstDec 13th, 2018

Oil Slides After OPEC Delays Decision on Level of Output Cuts

OPEC members on agreed to production curbs but will wait to hear from Russia before making a final decision on the exact amount the cartel would cut to address falling oil prices......»»

Category: topSource: wsjDec 6th, 2018

Airbus"s A380 decision won"t cause major job losses in Germany - government

The German government is not expecting widespread job cuts in Europe's largest economy following Airbus's decision to scrap production of the A380 superjumbo, the aerospace policy coordinator told Reuters on Thursday......»»

Category: topSource: reutersFeb 14th, 2019

Oil gains 1 percent after Saudi Arabia pledges more output cuts

Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels......»»

Category: topSource: reutersFeb 12th, 2019

Oil gains 2 percent as Saudi Arabia readies more supply cuts

Oil prices were up more than 2 percent on Tuesday on steep OPEC production cuts, with its de-facto leader Saudi Arabia planning to drop March crude output by more than a half a million barrels per day below its initial pledge......»»

Category: topSource: reutersFeb 12th, 2019

OPEC cuts oil supply steeply but sees growing 2019 headwinds

OPEC said on Tuesday it had cut oil production steeply under a global supply deal, although it flagged headwinds confronting its efforts to prevent a glut this year including weaker demand and higher rival output......»»

Category: topSource: reutersFeb 12th, 2019

Oil up nearly 3 percent on Saudi and OPEC cuts

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

Oil up nearly 2 percent on Saudi and OPEC cuts

Oil prices gained nearly 2 percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said it would surpass by over half a million barrels per day (bpd) and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

Oil up 1 percent on Saudi and OPEC cuts but outlook picture clouded

Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks......»»

Category: topSource: reutersFeb 12th, 2019

Oil prices rise on OPEC output cuts, as U.S. sanctions bite

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check......»»

Category: topSource: reutersFeb 11th, 2019

Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check......»»

Category: topSource: reutersFeb 11th, 2019

Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil prices edged up on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check......»»

Category: topSource: reutersFeb 11th, 2019

Grumbling From Russian Oil Giant Rosneft Over Production Cuts: Reuters

The CEO of Rosneft reportedly has complained to Russian President Vladimir Putin that going along with OPEC production cuts is a "strategic threat and plays into the hands of the United States.".....»»

Category: blogSource: 247wallstFeb 11th, 2019

Trump official slams cartels as U.S. lawmakers push anti-OPEC bill

A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group's oil supply cuts......»»

Category: topSource: reutersFeb 8th, 2019

OPEC"s oil exports to U.S. fall to five-year low in January

Less foreign oil is reaching American shores, as OPEC production cuts kick in and U.S. sanctions on Venezuela curb its exports......»»

Category: topSource: moneycentralFeb 5th, 2019

United States Oil (USO) expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC

United States Oil (USO) expectations of tightening global suppl.....»»

Category: topSource: livetradingnewsFeb 5th, 2019

Large-Cap Oil Dividend Stocks Are Dirt Cheap Buys Now

We screened our 24/7 Wall St. research database and found four large-cap oil dividend stock that look like solid picks now, especially with the potential for larger cuts in OPEC production and a........»»

Category: blogSource: 247wallstFeb 4th, 2019

Oil up on supply outlook but slowdown worries weigh

Oil prices have been supported by production cuts led by OPEC......»»

Category: topSource: foxnewsJan 23rd, 2019

Russia says oil price war with U.S. would be too costly

Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said......»»

Category: topSource: reutersJan 23rd, 2019

OPEC Details Production Cuts Which Still Imply A Glut

OPEC Details Production Cuts Which Still Imply A Glut.....»»

Category: topSource: seekingalphaJan 22nd, 2019