OPEC agrees tentative oil cut, waits for Russia to commit

Oil futures rally Thursday by more than 5% after the Organization of the Petroleum Exporting Countries and its allies said they will rollover current production cuts to the end of April......»»

OPEC and Russia will regain their dominance over oil prices while America slept......»»

Saudi Arabia and Russia deadlocked Monday over whether their producers’ alliance should boost crude output amid a resurgent pandemic, delegates said after a day of talks ended without a deal......»»

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic......»»

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some expected......»»

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some anticipated......»»

Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more......»»

"I would say that ... 15% of this is Saudi Arabia and Russia and 85% of it is Covid," RBN Energy CEO Rusty Braziel said of the state of the oil market......»»

What the record levels of implied volatility on WTI Nymex and other options tell us by Simon Jacques On March 9 Russia called an OPEC... The post.....»»

OPEC, Russia and other oil-producing nations have finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war......»»

REUTERS/Sergei Karpukhin The mult.....»»

Following several days of meetings that began last Thursday, a historic oil deal has been reached. read more.....»»

Oil futures Sunday evening bounced around, giving up a sharp gain in electronic trade, after Saudi Arabia, Russia and th.....»»

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%......»»

REUTERS/Sergei Karpukhin The mul.....»»

OPEC and all.....»»

Saudi Arabia's king Salman, Russia's president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone call, Saudi state news agency SPA said on late Sunday......»»

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%......»»

Saudi Arabia, Russia and the U.S. agree to lead a multinational coalition in major oil-production cuts after a month-long Saudi-Russian feud and a drop in demand due to the coronavirus crisis devastated oil prices......»»

REUTERS/Sergei Karpukhin The multiweek oil-price war between Russia and its OPEC allies was finally resolved on Sunday as the international consortium agreed to cut crude oil production by almost 10%. OPEC+ announced it will cut 9.7 million ba.....»»