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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

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

Oil slips as Saudi and Russia quietly agree output rise, US stocks swell

Oil prices on Thursday slipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output......»»

Category: topSource: reutersOct 4th, 2018

Oil dips as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday dipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output......»»

Category: topSource: reutersOct 4th, 2018

Oil falls as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output......»»

Category: topSource: reutersOct 4th, 2018

Exclusive: Saudi Arabia, Russia agreed in September to lift oil output, told U.S.

Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said......»»

Category: topSource: reutersOct 4th, 2018

Russia and Saudi Arabia agreed to lift oil output in September, Reuters says

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.....»»

Category: blogSource: theflyonthewallOct 3rd, 2018

Saudi Arabia, Russia Agreed Last Month to Raise Output: Reuters

Saudi Arabia and Russia had already agreed to increase oil production ahead of the OPEC ministers meeting on September 23 in Algiers. The increase was never announced, but it appears to be happening........»»

Category: blogSource: 247wallstOct 3rd, 2018

Exclusive: Saudi Arabia, Russia agreed in Sept to lift oil output, told U.S.

Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said......»»

Category: topSource: reutersOct 3rd, 2018

Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report

Rumors that Saudi Arabia might raise oil production spread across financial media last week, prompting representatives of the Kingdom to eventually step in and confirm that the Kingdom pla.....»»

Category: blogSource: zerohedgeOct 3rd, 2018