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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

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 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 up on OPEC output cuts and as sanctions against Venezuela, Iran 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. output and concerns over economic growth to keep markets in check......»»

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

Sanctions, OPEC cuts push Asia"s sour crude oil prices above Brent

Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said......»»

Category: topSource: reutersFeb 11th, 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

U.S. crude gains, slowing global economy challenge oil market in 2019: IEA

U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC's resolve to support the market with output cuts, the International Energy Agency said on Friday......»»

Category: topSource: reutersJan 18th, 2019

Oil slides on increased US output and US-China trade fears

OPEC and non-members plan to cut production by a joint 1.2 million bpd this year......»»

Category: topSource: foxnewsJan 17th, 2019