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Oil prices dropped significantly late Sunday as the Organization of the Petroleum Exporting Countries meeting scheduled for Monday was postponed. read more.....»»

OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a row between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified......»»

OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices......»»

Oil prices surged on word OPEC and its allies will hold a virtual meeting on Monday......»»

Royal Dutch Shell said the impact of COVID-19 and the OPEC price war was "primarily reflected in March with a relatively minor impact in the first two months." Upstream production is expected.....»»

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader......»»

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader......»»

Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war......»»

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.....»»

Reuters Oil fell to an 18-year low on Wednesday as the global price war between OPEC and its former allies continued. West Texas Intermediate crude fell a.....»»

First Russia tossed a hand grenade into global oil markets. Then Saudi Arabia dropped a bomb. After the dramatic collapse of an alliance between the OPEC oil cartel and Russia, a one-day plunge of more than 30% in oil prices sent shockwaves throu.....»»

The oil collapse calls into question the ability of U.S. producers to pay a tab rung up with bondholders and banks to fuel a price war with OPEC......»»

It Begins: Occidental Is First US Energy Major To Slash Dividend, CapEx Back in 2015, after the price of oil cratered after Saudi Arabia decimated OPEC during the 2.....»»

While OPEC's de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to cut oil supplies collapsed last week, other OPEC states are already sounding the alarm over plunging oil prices......»»

Iraq is in touch with other OPEC+ members to discuss ways to stop an oil price collapse, the oil ministry said on Tuesday, adding that flooding markets was not in the best interest of producing countries......»»

Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand......»»

Advisers say this is a ‘great litmus test’ to evaluate your risk tolerance, but they say retail investors should proceed cautiously.’.....»»

Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand......»»

Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector......»»

U.S. stock indexes were rocked Monday, with the major benchmarks booking losses of at least 7% and marking their worst daily decline in years, amid the eruption of an oil-price war between OPEC and Russia and rising coronavirus fears......»»