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Oil up nearly 3 percent on Saudi and OPEC cuts

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

Oil gains 1 percent as Saudi minister stands by OPEC output cuts

Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June......»»

Category: topSource: reutersMar 11th, 2019

Oil jumps after U.S. crude stocks drop, OPEC stays firm on cuts

Oil futures rose more than 2 percent on Wednesday after a surprising plunge in U.S. crude inventories and as OPEC's de facto leader Saudi Arabia appeared unfazed by pressure from U.S. President Donald Trump to prevent oil prices from rising......»»

Category: topSource: reutersFeb 27th, 2019

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

Oil up nearly 3 percent on Saudi and OPEC cuts

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

Oil up nearly 3 percent on Saudi and OPEC cuts

OPEC cut its forecast for 2019 world oil demand on Tuesday, citing slowing economies and expectations of faster supply growth from rivals......»»

Category: topSource: foxnewsFeb 12th, 2019

Oil up nearly 2 percent on Saudi and OPEC cuts

Oil prices gained nearly 2 percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said it would surpass by over half a million barrels per day (bpd) and by U.S. sanctions against Iran and Venezuela......»»

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 rises in choppy trade as OPEC supply cuts vie with demand worry

Oil prices rose more than one percent on Thursday in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand......»»

Category: topSource: reutersJan 3rd, 2019

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

Oil climbs on prospect of OPEC cuts despite lingering U.S.-China trade concerns

Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC to cut supply towards year-end......»»

Category: topSource: reutersNov 19th, 2018

Oil prices steady despite Saudi export cuts, U.S. inventory draw

Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check ......»»

Category: topSource: reutersApr 18th, 2019

The Wall Street Journal: OPEC oil output drops sharply in March, driven by Saudi Arabia

The bulk of the cuts were shouldered by Saudi Arabia — the de-facto head of OPEC and the world’s largest exporter of crude — which reduced output by 324,000 barrels a day......»»

Category: topSource: marketwatchApr 10th, 2019

Oil gains up to 2% to five-month high as Libyan output threatened

Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersApr 8th, 2019

OPEC Crude Production Slipped in February on Saudi, Venezuelan Reductions

Saudi Arabia and Venezuela posted sharp oil production cuts in February, helping boost the price for OPEC barrels up by 3%......»»

Category: blogSource: 247wallstMar 14th, 2019

WTI Hits 4-Month Highs, Tops $58 After Surprise Crude Draw, Production Cut

Crude rose for a third day after API reported an unexpected drop in U.S. stockpiles just as planned cuts and disruptions to OPEC output are tightening supply. While OPEC nations like Saudi Arabia press o.....»»

Category: blogSource: zerohedgeMar 13th, 2019

Oil gains 1 percent on cuts to Saudi, Venezuelan exports

Oil prices rose about 1 percent on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while a power outage in Venezuela reduced crude exports from the country......»»

Category: topSource: reutersMar 12th, 2019

Oil rises as Saudi deepens OPEC supply cuts, but U.S. surge caps gains

Oil prices rose on Tuesday, as OPEC's de facto leader Saudi Arabia appeared to deepen the group's supply cuts aimed at tightening markets, although gains were capped by the ongoing surge in U.S. supply and worries over the global economy......»»

Category: topSource: reutersMar 12th, 2019

Oil gains as Saudi stands by OPEC cuts, U.S. drilling drops

Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity......»»

Category: topSource: reutersMar 11th, 2019