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Saudi Arabia, Russia Boost Oil Supply by 250,000 Barrels in September

In its monthly Oil Market Report for October, OPEC lowered its demand forecast for both 2018 and 2019, adding strength to the cartel's contention that there's plenty of oil to meet demand......»»

Category: blogSource: 247wallstOct 11th, 2018

Oil falls from four-year highs; Saudi, Russia agree to up supply

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's No. 3 producer Iran......»»

Category: topSource: reutersOct 4th, 2018

Oil hovers near four-year highs as Saudi, Russia agree supply rise

Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia......»»

Category: topSource: reutersOct 4th, 2018

Oil holds near four-year highs as Saudi, Russia agree supply rise

Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia......»»

Category: topSource: reutersOct 4th, 2018

Iran: 3 OPEC members to veto Saudi-proposed supply boost

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week......»»

Category: topSource: moneycentralJun 17th, 2018

Oil prices fall on talk of hike in production, raising hope for dip in gasoline prices

Oil prices fell Friday as Saudi Arabia and Russia signaled they may boost production by up to 1 million barrels a day to offset lower glob.....»»

Category: topSource: usatodayMay 25th, 2018

Oil slumps as S Arabia, Russia consider output boost

Oil prices fell more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed crude prices to their highest since 2014. David Pollard reports......»»

Category: videoSource: reutersMay 25th, 2018

Saudi Arabia, Russia plan to raise oil production by 1 mn barrels/day

OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry source.....»»

Category: topSource: business-standardMay 25th, 2018

Oil steadies as market prices in expectations of OPEC supply cut

Oil steadied on Monday, having gained in the previous three sessions from the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the year-end......»»

Category: topSource: reutersNov 19th, 2018

Oil rises for a fourth day, buoyed by OPEC supply plans

Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year......»»

Category: topSource: reutersNov 19th, 2018

Oil climbs 1 percent on prospect of OPEC, Russia supply cut

Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward year-end......»»

Category: topSource: reutersNov 19th, 2018

Saudis Move to Counter U.S. Oil Strategy

Saudi Arabia is moving to cut the world’s oil supply after U.S. government deals allowed hundreds of thousands of barrels a day of Iranian oil to flow onto world markets, driving down prices......»»

Category: asiaSource: wsjNov 17th, 2018

Record U.S., Russia and Saudi oil production means supply well outstrips global demand: IEA

The U.S., Russia and Saudi Arabia are pumping crude at record levels, causing global supply to significantly outrun demand, a monthly update from the International Energy Agency shows Wednesday......»»

Category: topSource: marketwatchNov 14th, 2018

Energy agency: Global oil supply jumps, sending prices lower

The International Energy Agency says global oil supplies are growing rapidly as Saudi Arabia, the United States and Russia pump oil at a record rate in response to the higher prices stoked by renewed U.S. sanctions on Iran......»»

Category: topSource: foxnewsNov 14th, 2018

Why Oil Stocks Could Get a Boost From Opec Production Cuts

Saudi Arabia announced that it would cut oil production by 500,000 barrels a day......»»

Category: topSource: barronsNov 12th, 2018

Exclusive: OPEC, allies struggle to fully deliver pledged oil output boost - internal document

OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola......»»

Category: topSource: reutersOct 19th, 2018

Crude advances for fourth week as supply jitters stoke concern

Oil rose for a fourth straight week amid concern that Saudi Arabia and Russia may not pump enough crude to prevent a supply crunch as Iranian cargoes disappear from world markets......»»

Category: topSource: moneycentralOct 5th, 2018

Crude advances for fourth week as supply jitters stoke concern

Oil rose for a fourth straight week amid concern that Saudi Arabia and Russia may not pump enough crude to prevent a supply crunch as Iranian cargoes disappear from world markets......»»

Category: topSource: moneycentralOct 5th, 2018

Oil falls from four-year highs; Wall Street weighs

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's No. 3 producer Iran......»»

Category: topSource: reutersOct 4th, 2018

Oil drops from four-year highs; Saudi, Russia agree to up supply

Oil prices fell on Thursday on the prospect of a production increase from Saudi Arabia and Russia and on profit-taking after futures hit four-year highs in the previous session, supported by the imminent loss of Iranian supply through U.S. sanctions......»»

Category: topSource: reutersOct 4th, 2018

Oil holds near four-year highs; Saudi, Russia agree to up supply

Oil held just below four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production increase from Saudi Arabia and Russia......»»

Category: topSource: reutersOct 4th, 2018