OPEC, Russia Back Continued Oil Cuts, Drawing Trump Ire

Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic......»»

Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis......»»

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......»»

Crude oil prices have crashed by as much as 63 percent since March 9, when Saudi Arabia slashed prices for its customers and lowered production in response to Russia's refusal to join OPEC in deepening output cuts......»»

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 plan by OPEC ministers for deeper reductions to cope with the coronavirus outbreak......»»

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 prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue and amid signs Saudi Arabia and Kuwait could take as much as a year to bring a major field back to full capacity......»»

Oil steadied on Tuesday, as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from U.S. President Donald Trump that a trade deal with China may be delayed......»»

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna......»»

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington's withdrawal of a tariff threat against Mexico removed a cloud over the global economy......»»

Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC-led supply cuts as well as continued crude disruptions from Russia after a contamination problem discovered last month......»»

Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased......»»

Trump says will not accept high oil prices, crude dips (Reuters) OPEC, Russia Oil Officials Hint at Extending Production Cuts (WSJ) Comey Memos Reveal Trump’s Early Doubts About Flynn (WSJ) Global stocks set for second week of gains,.....»»

Asian shares fell back Friday after a major supplier to Apple forecast continued weak demand for mobile devices......»»

WTI Crude Futures prices are back at a $67 handle, tumbling 4% today following remarks from OPEC and Russia on th.....»»

President Trump has continued to threaten Syrian and Russian forces planning to take back the terror.....»»

Crude-oil prices midday Friday were trading firmly lower, but off their worst levels, with less than an hour left in trade as the Wall Street Journal reported that OPEC is contemplating ways to scale back output amid a rout in cr.....»»

BloombergOil Rebounds as Russia Is Said Willing to Join OPEC Output CutsBloombergOil prices bounced back to $51 a barrel in New York, erasing an earlier .....»»

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......»»