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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

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

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 edges higher as OPEC+ says to stay the course

Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support......»»

Category: videoSource: reuters15 hr. 21 min. ago

The Wall Street Journal: OPEC moves closer to maintaining cuts through 2019 but region’s tensions keep alternative scenario alive

OPEC and its allies on Sunday inched closer to continuing their existing production targets through the end of the year, delegates said, as fear of a returning oil glut outweighed apprehensions around Middle East conflict......»»

Category: topSource: marketwatchMay 20th, 2019

Iraq says any action to raise oil output won"t be unilateral: ministry spokesman

Iraq is committed to the global supply cuts taken by OPEC and its allies and any decision to raise or decrease production must be taken collectively by OPEC, an Iraq oil ministry spokesman told Reuters on Monday......»»

Category: topSource: reutersApr 22nd, 2019

Oil prices rise on decline in U.S. drilling activity, OPEC supply cuts

Oil prices rose early on Monday, with Brent hitting its highest level since November, driven up by a decline in U.S. drilling activity and ongoing supply cuts led by producer club OPEC......»»

Category: topSource: reutersApr 21st, 2019

Oil prices slip, but supply cuts support

Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses......»»

Category: topSource: reutersApr 18th, 2019

Oil rises on tightening supplies; ample U.S. output caps gains

Oil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production......»»

Category: topSource: reutersApr 18th, 2019

Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia's willingness to stick with OPEC-led supply cuts......»»

Category: topSource: reutersApr 16th, 2019

Oil prices extend losses as oversupply worries drag

Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global production......»»

Category: topSource: reutersApr 16th, 2019

Oil extends losses into second session; Russia, OPEC output in focus

Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production......»»

Category: topSource: reutersApr 15th, 2019

Futures Movers: Oil ends lower as Russia reportedly questions output cuts on concerns over market share

Oil futures end lower Monday on the heels of multiweek gains, as a Russian official reportedly questions his country’s participation in the OPEC-led production cut deal on concerns over market share......»»

Category: topSource: marketwatchApr 15th, 2019

Futures Movers: Oil retreats as Russia reportedly questions output cuts on concerns over market share

Oil futures start the week on a softer note, with prices headed lower Monday on the heels of multiweek gains as a Russian official reportedly questions his country’s participation in the OPEC-led production cut deal on concerns over market share......»»

Category: topSource: marketwatchApr 15th, 2019

Oil rises as supply constraints outweigh China slowdown fears

Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies......»»

Category: topSource: reutersApr 12th, 2019

Oil up on tight supply, but economic slowdown weighs

Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased......»»

Category: topSource: reutersApr 10th, 2019

Oil prices hit highest in five months as Libya fighting tightens supply

Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and U.S. sanctions on Iran and Venezuela......»»

Category: topSource: reutersApr 8th, 2019

Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fighting

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data......»»

Category: topSource: reutersApr 8th, 2019

Oil hits highest since November 2018 amid OPEC cuts, U.S. sanctions

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela, and strong U.S. jobs data......»»

Category: topSource: reutersApr 8th, 2019

Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctions

Oil prices rose to their highest level since Nov. 2018 on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and strong U.S. jobs data......»»

Category: topSource: reutersApr 8th, 2019

Oil prices hit by worries of sharp economic slowdown

Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC's production cuts and U.S. sanctions on Iran and Venezuela......»»

Category: topSource: reutersMar 25th, 2019