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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

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 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 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 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

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 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

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

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

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

Category: topSource: marketwatchDec 6th, 2018

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

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

OPEC output jumped last month, even as production cuts loom: IEA

Record pumping from Saudi Arabia lifted overall OPEC oil production in November, a bump in output that comes even as the group’s plan to impose production curbs next month has helped to put a floor under crude prices......»»

Category: topSource: marketwatchDec 13th, 2018

IEA sees global oil supply tightening more quickly in 2019

The global oil market could move into deficit sooner than expected, thanks to OPEC's output agreement with Russia and others and to Canada's decision to cut supply, the International Energy Agency said on Thursday......»»

Category: topSource: reutersDec 13th, 2018

Oil prices climb on OPEC-led cuts, but off session highs

Oil prices jumped more than 2 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia, agreed to reduce output to drain global fuel inventories and support the market......»»

Category: topSource: reutersDec 7th, 2018

Oil prices surge 4 percent on OPEC-led output cuts of 1.2 million bpd

Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market......»»

Category: topSource: reutersDec 7th, 2018

Futures Movers: Oil prices are up modestly as Saudis still skeptical of OPEC coalition cuts

Oil prices crept higher in early Friday trading as Saudi Arabia said it remained skeptical of an agreement among major producers to cut output given Russia’s trepidation......»»

Category: topSource: marketwatchDec 7th, 2018

World stocks down on China exec arrest; oil slips on OPEC decision delay

Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision......»»

Category: topSource: reutersDec 6th, 2018

World stocks fall on China exec arrest; oil slips on OPEC output delay

Stock markets around world slid on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank after OPEC delayed an output decision......»»

Category: topSource: reutersDec 6th, 2018

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

Shares spiral on arrest of China executive; oil sinks as output decision delayed

Stock markets around world tumbled on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank on fears of smaller-than-expected output cuts......»»

Category: topSource: reutersDec 6th, 2018