OPEC Edges Closer to Production Cut

OPEC has edged closer towards raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable. Kate King reports.....»»

Wall Street JournalOPEC Edges Closer to Production Cut as Saudi Arabia Confirms It Will Limit Supplies Next MonthWall Street JournalABU DHABI—As oil prices enter bear market territory and signs of oversupply loom, OPEC natio.....»»

OPEC is likely to a.....»»

OPEC and other oil nations held talks on Thursday on record production cuts of up to 20 million barrels per day, equivalent to about 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said......»»

Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support......»»

OPEC and its allies on Sunday inched closer to continuing their existing production targets through the end of the year, delegates said, as fear of a returning oil glut outweighed apprehensions around Middle East conflict......»»

Crude-oil production by the Organization of the Petroleum Exporting Countries edged up by 30,000 barrels a day to 30.26 million barrels a day in April, accordi.....»»

Oil prices trade slightly higher Wednesday after seesawing for much of this week ahead of the much-anticipated OPEC meeting and amid Washington and Beijing’s ongoing trade threats......»»

OPEC has just reached a decision to increase output of oil barrels per day -- 1 million on the headline, but actually closer to 600K per day of "real" barrel output. Friday, June 22, 2018Next week, we expect new economic rea.....»»

Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production......»»

Plummeting oil prices and signs of a coming global oversupply are bringing producers closer to a pact to cut output......»»

U.S. prices tumbled for 10 straight sessions through Friday, the longest losing streak since 1984......»»

Oil prices flipped positive on Monday after weeks of losses had plunged the commodity into a bear market. The recovery came as OPEC and its allies signaled, if weakly, a willingness to again cut production amid hefty global supply......»»

Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories......»»

Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week......»»

OPEC and Russia moved closer on Wednesday to agreeing to cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

Oil ended another topsy-turvy day by closing near a two-week high, as traders weighed signs that OPEC is following through on production cuts against hints of an economic slowdown......»»