The Wall Street Journal: OPEC considers two scenarios to adjust oil production

Saudi Arabia, Russia and the U.S. agree to lead a multinational coalition in major oil-production cuts after a month-long Saudi-Russian feud and a drop in demand due to the coronavirus crisis devastated oil prices......»»

Oil prices hit fresh multiyear lows Friday morning after an OPEC+ meeting in Austria failed to reach any consensus on deeper cuts to oil production, The Wall Street Journal reported. read more.....»»

Boeing Considers Suspending 737 MAX Production Sources have told The Wall Street Journal that Boeing could temporarily halt production of the 737 Max ami.....»»

Boeing Considers Suspending Or Reducing 737 MAX Production Sources have told The Wall Street Journal that Boeing could temporarily halt production of the 737 Max a.....»»

Boeing Co. is considering either halting or further cutting production of the 737 Max amid growing uncertainty over the troubled airplane’s return to service and could disclose a decision as soon as Monday, according to people familiar with the matter......»»

Saudi Arabia will push for an extension of oil production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share price, Persian Gulf officials said......»»

OPEC said Tuesday it expects its oil supplies to fall continuously over the next five years, suggesting the cartel may need to keep cutting output to stabilize prices amid a bigger-than-expected U.S. production boom and sluggish oil demand......»»

Saudi Arabia, the world’s largest crude exporter, doesn’t see a need for deeper cuts and markets will likely balance in the next six to nine months, Saudi Energy Minister Khalid Falih said......»»

OPEC and its allies on Sunday inched closer to continuing their existing production targets through the end of the year, delegates said, as fear of a returning oil glut outweighed apprehensions around Middle East conflict......»»

Oil production by Iran fell in April as the country remained under U.S. sanctions, according to a monthly report by the Organization of the Petroleum Exporting Countries......»»

OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the end of the year, officials said Sunday......»»

Wall Street JournalSaudis Start to Ramp Up Oil Output, Ahead of OPEC MeetingWall Street JournalSaudi Arabia has started boosting oil production after two years of curt.....»»

OPEC pumps more oil in May, driven by higher output from Saudi Arabia, according to monthly data from the cartel released Tuesday......»»

Wall Street JournalIran Threatens to Upend Possible OPEC Deal to Lift Oil ProductionWall Street JournalVIENNA—Iranian opposition late Thursday was jeopardizing efforts by ministers from some of the world.....»»

Wall Street JournalIran Throws Wrench Into OPEC Plan to Lift ProductionWall Street JournalVIENNA—Iran sa.....»»

Wall Street JournalRussia Supports OPEC Plan to Lift Oil ProductionWall Street JournalVIENNA—Russia on Saturday threw its support behind Saudi Arabia's plan to ramp up global oil .....»»

Russia on Saturday threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

U.S. shale oil production will peak by the late 2020s, triggering renewed demand for OPEC crude after an expected decline and stagnation, the oil cartel said Sunday......»»

Wall Street JournalOPEC Edges Closer to Production Cut as Saudi Arabia Confirms It Will Limit Supplies Next MonthWall Street JournalABU DHABI—As oil prices enter bear market territory and signs of oversupply loom, OPEC natio.....»»

Plummeting oil prices and signs of a coming global oversupply are bringing producers closer to a pact to cut output......»»