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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 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 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 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 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 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 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 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 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 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 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 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

The Wall Street Journal: Saudi oil minister: OPEC, Russia could extend production cuts by nine months

Saudi Arabia, the world’s largest crude exporter, doesn’t see a need for deeper cuts and markets will likely balance in the next six to nine months, Saudi Energy Minister Khalid Falih said......»»

Category: topSource: marketwatchJul 1st, 2019

OPEC set to extend oil supply cut as Iran endorses pact

OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude amid a weakening global economy......»»

Category: topSource: reutersJul 1st, 2019

Oil jumps over 2% as Saudi Arabia, Russia back supply cuts

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna......»»

Category: topSource: reutersJul 1st, 2019

Oil jumps on Saudi, Russia support for supply cuts

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week......»»

Category: topSource: reutersJun 30th, 2019

OPEC set for oil cut extension if Iran endorses pact

OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy......»»

Category: topSource: reutersJun 30th, 2019

Russia and Saudi Arabia agree to extend OPEC oil output cuts by 6-9 months

OPEC+ meets Monday, Tuesday in Vienna to review deal.....»»

Category: topSource: marketwatchJun 29th, 2019

Oil prices rise as U.S. stockpiles drop, OPEC agrees meeting date

Oil prices rose over 1 percent on Thursday as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts......»»

Category: topSource: reutersJun 19th, 2019

Oil rises on supply cuts, but weak economy holds market back

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington's withdrawal of a tariff threat against Mexico removed a cloud over the global economy......»»

Category: topSource: reutersJun 10th, 2019