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OPEC, Russia approve biggest-ever oil cut amid coronavirus pandemic
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%......»»
Russia agrees with Saudi Arabia to extend OPEC+ oil output deal
Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy......»»
Russia agrees with Saudi to extend OPEC deal by six-nine months: Putin
Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy......»»
OPEC agrees to deal to boost oil output: reports
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
Oil Prices Jump After OPEC Deal to Lift Output
OPEC ministers agreed to boost output by about 600,000 barrels a day, moving more modestly than many producers had hoped to curb higher oil prices......»»
OPEC agrees oil output cut, no final figure yet: delegate
OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said......»»
OPEC agrees tentative oil cut, waits for Russia to commit
OPEC has apparently agreed to a tentative deal to cut oil output but has not yet come up with a final figure. That's according a delegate at the meeting which is underway in Vienna. Sonia Legg reports.....»»
The Wall Street Journal: OPEC daily production falls by about 800,000 barrels, according to monthly report
OPEC significantly reduced its crude-oil production in January, making good on its latest deal to curb output and rebalance an oversupplied market, the oil cartel said Tuesday......»»
Oil prices settle higher after OPEC+ agrees to incremental increases in output
Oil futures settled higher on Thursday, after the Organi.....»»
OPEC+ agrees to maintain oil output levels, Bloomberg 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.....»»
Russia, Saudis deadlock over whether OPEC should boost crude output: WSJ
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......»»
Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
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......»»
OPEC+ or minus? Oil supply cut numbers puzzle markets
Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question......»»
Futures Movers: Oil ends on mixed note as drop in demand offsets support from historic OPEC+ deal to cut output
Crude pr.....»»
OPEC"s biggest-ever oil cut fails to lift confidence
Asian shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic, although a landmark deal by OPEC and its allies to slash output helped oil prices climb in volatile trade. Libby Hogan reports.....»»
Energy ETFs rebound on OPEC+ deal optimism
Exchange-traded funds tracking energy assets rallied Monday, bucking the downbeat trend in the broader stock market, after a pact to cut global oil output and stabilize price.....»»
Kremlin says "important" global oil deal helped avert market chaos
The Kremlin said on Monday that the global oil output deal clinched by OPEC and non-OPEC countries had helped stop oil markets sliding into chaos and would help support a more or less stable oil price dynamic......»»
Oil gains on OPEC+ deal, stocks stymied by pandemic worries
Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output......»»