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......»»
Global oil output cuts held hostage to standoff
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts......»»
Global oil output cuts held hostage to Mexican standoff
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts......»»
Saudi energy minister says OPEC+ oil pact hinges on Mexico joining
Saudi Arabia's energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts......»»
Oil plunges as Saudi Arabia, Russia output deal remains elusive
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil climbs as Saudi Arabia, Russia reportedly agree to output cuts
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil spikes as Saudi Arabia, Russia move closer to output deal
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil rallies ahead of Russia, Saudi meeting on price war
Russia and Saudi Arabia are set to hold a virtual meeting to discuss production cuts that President Trump has suggested could total 10 million barrels per day......»»
World stocks jump on less dire virus data, oil falls after OPEC+ delay
World stock markets jumped on Monday, encouraged by slowdowns in coronavirus-related deaths and new cases in some global hot spots, while oil prices tumbled again due to a delay in talks between Saudi Arabia and Russia to cut supply......»»
Stocks jump as virus deaths slow; oil falls after OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some global hot spots, oil prices tumbled again due to a delay in talks between Saudi Arabia and Russia to cut supply......»»
Stocks jump as virus deaths slow; oil falls on OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world's hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again......»»
Stocks jump as COVID deaths slow; oil falls on OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world's hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again......»»
Stocks jump on virus hopes, oil hit by OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again......»»
Oil prices decline $3 a barrel as market remains uncertain on supply outlook
Global benchmark oil prices traded $3 a barrel lower as the market opened for Monday's trading session, reflecting fears of oversupply after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production......»»
Will the US Join Saudi Arabia, Russia to Cut Crude Oil Production?
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present in person but........»»
Trump touts Saudi-Russia oil deal to halt price war
The two top crude producers are said to slash output by as much as 15 million barrels a day - an unprecendented 15% of global supply. Ryan Brooks has more......»»
Saudi Arabia, Russia may announce oil deal "soon," Trump says
The deal could cut production by 15 million barrels per day......»»
Oil posts biggest gain ever after Trump says he expects Saudis, Russia to cut output
President Trump said he wants Saudi Arabia, Russia to cut oil production by 10 million barrels per day......»»
Oil rockets higher after Trump says he expects Saudis, Russia to cut output
President Trump said he wants Saudi Arabia, Russia to cut oil production by 10 million barrels per day......»»
Dallas Fed"s Kaplan says the expected Saudi-Russia oil production cut "obviously helps"
The announcement by President Donald Trump that Saudi Arabia and Russia plan to cut oil production by 10 million barrels is a welcome development, said Dallas Fed President Robert Kaplan on Thursday. ".....»»
Saudi wants cooperation to bolster oil, blames Russia for turmoil: Gulf source
Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia's opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters......»»