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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

Oil slides as OPEC ties supply cut to Russia; Moscow said to only back limited move

Oil prices fell on Friday, pulled down by OPEC's move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd)......»»

Category: topSource: reutersDec 7th, 2018

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

OPEC, Russia moving closer to agreeing oil cuts for 2019

A key monitoring committee of OPEC and its allies, including Russia, agreed on Wednesday on the need to cut oil output in 2019, two sources familiar with the decision said, adding that debates about volumes and the baseline for cuts were ongoing......»»

Category: topSource: reutersDec 5th, 2018

Futures Movers: Oil prices sink as OPEC delays decision on output until Friday

Crude-oil prices trade sharply .....»»

Category: topSource: marketwatchDec 6th, 2018

Oil falls after OPEC delays output decision

Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, as it prepared to debate the matter with other exporters the next day......»»

Category: topSource: reutersDec 6th, 2018

Oil dives 4 percent after OPEC delays output decision

Oil fell more than 4 percent in choppy trading on Thursday after OPEC and allied exporting countries ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day......»»

Category: topSource: reutersDec 6th, 2018

Commodities Corner: OPEC delays output-cut decision, raising fears that oil producers won’t strike a deal

Members of the O.....»»

Category: topSource: marketwatchDec 6th, 2018

Oil futures end lower as OPEC postpones an output cut decision to Friday

Oil futures settled lower on Thursday amid ongoing uncertainty surrounding the Organization of the Petroleum Exporting Countries' decision on production cuts, which the group has postponed until Friday, when it meet.....»»

Category: topSource: marketwatchDec 6th, 2018

Oil dives nearly 3 percent after OPEC delays output decision

Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day......»»

Category: topSource: reutersDec 6th, 2018

Oil firms on drop in U.S. crude stocks, market awaits OPEC/Russia supply decision

U.S. oil prices stabilized on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia......»»

Category: topSource: reutersDec 6th, 2018

Oil drops as OPEC makes supply cut dependent on Russian support

Oil prices fell on Friday, pulled down by OPEC's decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia......»»

Category: topSource: reutersDec 6th, 2018

Oil settles 1 percent higher on hopes of market rebalance, trade deal

Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela......»»

Category: topSource: reutersFeb 20th, 2019

Futures Movers: Oil higher on Venezuela turmoil, uncertainty over OPEC output cuts

Crude prices climb on Tuesday, building on a gain for the month as the Saudis look to defy President Donald Trump’s request to pump more oil and an uprising in Venezuela feed uncertainty over the country’s output......»»

Category: topSource: marketwatchApr 30th, 2019

OPEC supply squeeze seen supporting higher oil prices: Reuters survey

Oil prices are likely to stay buoyant this year as the U.S. decision to end waivers on Iranian oil and OPEC output curbs are expected to keep supply tight, a Reuters survey showed on Tuesday......»»

Category: topSource: reutersApr 30th, 2019

Oil hovers near six-month high as U.S. stockpile build counters supply fears

Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran......»»

Category: topSource: reutersApr 24th, 2019

Oil hovers near six-month peak as U.S. stockpile build counters supply fears

Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran......»»

Category: topSource: reutersApr 24th, 2019

Oil surges amid OPEC caution to offset Iran sanctions

Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude......»»

Category: topSource: reutersApr 23rd, 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 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

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