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Oil futures dropped more than 20% on Sunday to their lowest since 2016 after Saudi Arabia slashed its official selling price (OSP), signaling the start of a price war after OPEC talks with Russia failed to produce an agreement on production cuts......»»

Global oil prices saw their steepest one-day percentage drop since the financial crisis after OPEC and Russia failed to agree to production cuts, which threatens to flood the oil market. Conway G. Gittens has more......»»

Oil prices hit fresh multiyear lows Friday morning after an OPEC+ meeting in Austria failed to reach any consensus on deeper cuts to oil production, The Wall Street Journal reported. read more.....»»

OPEC and its non-OPEC members (OPEC+) have failed to agree on further cuts to oil production as a response to the slowdown in the global economy due to the coronavirus outbreak. Russia now looks like........»»

OPEC has failed to secure a deal with Russia and other non-OPEC producers on its plans for big, additional oil production cuts, two OPEC sources said on Friday at talks between ministers from the informal alliance known as OPEC+......»»

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year......»»

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year......»»

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year......»»

Russia expects a constructive meeting with OPEC producers this week, its energy minister said on Tuesday, as OPEC leader Saudi Arabia presses members and allies such as Russia to deepen output cuts to avoid a new glut next year......»»

Authored by Tsvetana Paraskova via OilPrice.com, OPEC and its Russia-led non-OPEC allies are in their third year of managing supply to the market, hoping to.....»»

A glut of stored oil that helped keep prices low for years is almost gone, thanks to production cuts by OPEC and Russia, a humming global economy and a series of small but meaningful supply disruptions......»»

For the past 16 months, the Organization of Petroleum Exporting Countries, Russia and other allies have been constraining output to eliminate a global glut......»»

Russia wants to stay out of any oil-production cuts touted in an OPEC-led supply pact, Russian sources told Reuters. As David Pollard reports, it could weigh on sentiment in markets already facing record supply levels......»»

Oil traders pushed crude prices 5% lower on Thursday after OPEC+ members failed to reach an agreement on production cuts - and outcome that helped stoke rumors that Russia and Saudi Arabia, the bloc's two most influential members,.....»»

OPEC and Russia have agreed to a deal to join in a significant production cut that would mop up a burgeoning global oil supply glut......»»

OPEC producers and their allies, led by Saudi Arabia and Russia, may be underestimating the resilience of U.S. shale, according to one analyst......»»

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......»»

David McNew/Getty Images Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider. Here's what you need to know:See the rest of the story at Business InsiderNOW WATCH: How the Navy's largest hospital ship can help with the .....»»

Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply......»»