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OPEC+ signals desire to maintain current production cuts beyond June: report
The Organization of the Petroleum Exporting Countries and its allies want to continue their existing oil production cuts beyond June, Reuters reported Tuesday, citing four OPEC+ sources. The agreement between t.....»»
Oil slumps 30%, ending 3-day winning streak as global oversupply outweighs production cuts
Drone Base/Reuters WTI crude oil plummeted as much as 30% on Monday, ending a th.....»»
Oil tumbles 7% as recession fears outweigh historic production cuts
REUTERS/Jim Urquhart Oil slumped further on Tuesday as historic production cuts that OPEC agreed to over the weekend were overshadowed by the coronavirus pandemic's impact on global demand. US West.....»»
Oil slumps as the demand hit from coronavirus continues to outweigh historic production cuts
REUTERS/Jim Urquhart Oil slumped further Tuesday as historic production cuts agreed to over the weekend by OPEC were ove.....»»
Saudi minister tells Reuters OPEC+ effective oils cuts to amount to 12.5M bpd
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
OPEC+ to debate oil cuts as big as 20 million bpd: sources
OPEC and other oil producers will debate on Thursday oil cuts as big as 20 million barrels per day, equivalent to about 20% of global supplies, one OPEC source and a Russian source told Reuters......»»
OPEC+ cuts to depend on volume that other producers reduce, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Dow slips 1,300 points as Trump coronavirus response disappoints, Fed funding cuts some losses
Reuters / Andrew Burton US stocks plunged on Thursday after President Trump's Wednesday coronavirus comments failed to calm investors' nerves. Trump's 30-day European travel ban added to trepi.....»»
OPEC oil cuts deal derailed as Russia refuses support, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut
Oil prices tanked more than 7% on Friday to their lowest levels since mid-2017 after Reuters reported that Russia balked at OPEC's proposed steep production cuts to stabilize prices......»»
OPEC oil cuts deal falls apart as Russia resists, crude prices plunge
OPEC's plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters......»»
Oil slides nearly 4% after Russia rejects steeper OPEC+ cut
Oil prices were down nearly 4% on Friday on concerns that OPEC might not go ahead with steeper oil output cuts to bolster prices after Reuters reported that Russia rejected the proposal......»»
OPEC oil cuts deal in trouble as Russia resists
OPEC's plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters......»»
Oil slides by 4% after Russia rejects steeper OPEC+ cut
Oil prices fell 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices......»»
Moscow won"t back OPEC"s call for more oil cuts, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Russian source says Moscow won"t back OPEC"s call for deeper oil cuts
A Russian high-level source told Reuters on Friday that Moscow would not back an OPEC call for extra reductions in oil output and would only agree to extending existing OPEC+ cuts......»»
Oil dives more than 3% after Russia rejects steeper OPEC+ cut
Oil prices slid more than 3% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices in the face of a slump in oil demand because of the global coronavirus outbreak......»»
Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts
Oil slid on Friday as worries about demand for fuel being sapped by the global coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices......»»
Kremlin won"t comment on Russia oil cuts ahead of OPEC+ meeting, Reuters says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Oil slips for 3rd day as virus fears outweigh supply cuts
Oil slipped towards $56 a barrel on Tuesday, falling for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses......»»