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OPEC oil cut deal in trouble as Russia still not on board
Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a call by OPEC ministers for deeper reductions to cope with the coronavirus outbreak......»»
Oil rallies on acceleration of output cuts from OPEC nations
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the coronavirus pandemic......»»
OPEC+ deal could boost oil prices, but oversupply remains
An oil producer deal to make record output cuts will lend some support this week to oil prices that have lost half their value this year as the coronavirus hammers demand......»»
Saudi, Russia work oil cut deal in G20 talks, seek U.S. participation
Top oil nations were finalising a deal at G20 talks on Friday for big output cuts to lift prices slammed by the coronavirus crisis with Russia and Saudi Arabia taking a lion's share and signs the United States might take unprecedented moves to help......»»
Mexico Reaches Deal with U.S. to Cut Oil Production Allowing for OPEC+ Output Cuts
The deal would end the price war between Riyadh and Moscow that helped push oil down to the lowest i.....»»
Saudi-Russia oil deal threatened as Mexico won"t approve cuts
The group called OPEC+ won’t cut output without Mexico’s participation.....»»
Factbox: OPEC+ talks face challenges over baseline for cuts and U.S. role
OPEC and its allies hold talks on Thursday to discuss plans for the biggest coordinated oil output cut in history but two hurdles remain: reaching a deal on the levels from which to make reductions and securing the participation of the United States......»»
Oil prices rise on hopes OPEC+ will agree supply cuts
Oil prices rose on Thursday on expectations the world's leading crude producers will overcome obstacles at a meeting later in the day that have so far prevented a deal to cut output in response to a collapse in global demand......»»
Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate
U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh has called for emergency talks, and Moscow has said it no longer plans to hike production in a battle for market share......»»
Oil extends plunge after OPEC+ talks fail to reach deal on production cuts
Oil futures fell sharply Friday, extending losses after news reports said talks between the Organization of the Petroleum Exporting Countries and its allies, led by Russia, had collapsed without a dea.....»»
Russian source says Moscow won"t back OPEC"s call for deeper oil cuts
A Russian high-level source told Reuters on Friday that Moscow would not back an OPEC call for extra reductions in oil output and would only agree to extending existing OPEC+ cuts......»»
Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts
Oil slid on Friday as worries about demand for fuel being sapped by the global coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices......»»
OPEC recommends extension of proposed output cuts to the end of the year
The Organization of the Petroleum Exporting Countries said it held further consultations after its initial recommendations on production cuts on Thursday. OPEC now recommends extending the duration of the proposed 1.5 million barrels per day in additio.....»»
Oil eases as demand worries overshadow OPEC deal to deepen supply cuts
Oil prices edged lower on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, but losses were limited as major producers agreed on deeper output cuts to bolster prices......»»
Oil rises as OPEC+ moves closer toward deeper output cut
Oil prices rose more than 1% on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak......»»
Futures Movers: Oil up a 3rd straight session as traders eye coronavirus and OPEC output update
Oil futures end higher Thursday, extending their streak of gains to a third straight session, as the potential for OPEC+ output cuts fuel optimism, despite a rise in the number of COVID-19 cases in China and lower forecasts for oil demand growth......»»
Oil steadies as Russia touts easing OPEC+ output
Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon......»»
Oil slides as Russia touts easing OPEC+ output
Oil prices fell on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon......»»
Oil steadies near $66 as Russia touts easing OPEC+ output
Oil was little changed on Monday, holding near a three-month high on optimism over a nearing U.S.-China trade deal even as Russia said an OPEC-led pact may consider easing output cuts next year......»»
Oil prices steady as Russia touts easing OPEC+ output
Oil was little changed on Monday, holding near a three-month high on optimism over a nearing U.S.-China trade deal even as Russia said an OPEC-led pact may consider easing output cuts next year......»»