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Russia agrees with Saudi to extend OPEC deal by six-nine months: Putin

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy......»»

Category: topSource: reutersJun 29th, 2019

OPEC agrees modest hike in oil supply after Iran softens stance

VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage......»»

Category: topSource: reutersJun 22nd, 2018

OPEC agrees modest hike in oil supply after Iran softens stance

OPEC on Friday agreed to a modest increase in oil production from July after its leader, Saudi Arabia, persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage......»»

Category: topSource: moneycentralJun 22nd, 2018

OPEC Warns Of Slowing Oil Demand Amid Growing Risks To Global Economy

Amid fears of global oil supply disruption and production curbs, in its latest monthly report, OPEC expe.....»»

Category: blogSource: zerohedgeSep 12th, 2018

Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes

Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy......»»

Category: topSource: reutersFeb 20th, 2019

Oil hovers near 2019 highs amid OPEC cuts, but economic slowdown weighs

Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy......»»

Category: topSource: reutersFeb 21st, 2019

Oil hovers near 2019 highs amid OPEC cuts

Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy......»»

Category: topSource: reutersFeb 21st, 2019

OPEC+ agrees to increase oil production gradually, Bloomberg reports

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: theflyonthewallApr 1st, 2021

Oil rises on fall in U.S. unemployment rate

Oil prices rose on Friday, although remained on track for a second consecutive weekly loss, as an increase in U.S. jobs eased financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions......»»

Category: topSource: reutersOct 4th, 2019

Oil prices steady amid U.S. stockpile drop, OPEC supply cut extension

Oil prices were steady on Wednesday after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies despite concerns that a slowing global economy could crimp demand......»»

Category: topSource: reutersJul 3rd, 2019

OPEC extends oil cut to prop up prices as economy weakens

OPEC agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production......»»

Category: topSource: reutersJul 1st, 2019

Russia agrees with Saudi to extend OPEC deal by 6-9 months: Putin

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil production, Russian President Vladimir Putin said......»»

Category: topSource: reutersJun 29th, 2019

Oil falls from five-month highs as Russia signals output increase

Oil prices fell on Tuesday, slipping from five-month highs as Russian comments indicating a possible easing from its production-cutting deal with OPEC overshadowed the prospect that violence in Libya could further tighten global markets......»»

Category: topSource: reutersApr 9th, 2019

Oil prices steady amid worries of severe economic slowdown

Oil prices were steady on Monday, with concerns of a sharp economic slowdown competing with support from tighter supply due to OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela......»»

Category: topSource: reutersMar 25th, 2019

Oil prices slip amid worries of severe economic slowdown

Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC's production cutbacks and from U.S. sanctions on Iran and Venezuela......»»

Category: topSource: reutersMar 25th, 2019

Oil slumps as OPEC, Russia look to raise output amid U.S. surge

SINGAPORE (Reuters) - Oil prices slumped on Monday, extending steep declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating......»»

Category: topSource: reutersMay 28th, 2018

Oil falls as OPEC, Russia look to raise output amid U.S. surge

SINGAPORE (Reuters) - Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating......»»

Category: topSource: reutersMay 28th, 2018

Oil sinks further as OPEC and Russia look to raise output

LONDON (Reuters) - Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing......»»

Category: topSource: reutersMay 28th, 2018

Oil extends losses as OPEC and Russia look to raise output

LONDON (Reuters) - Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing......»»

Category: topSource: reutersMay 28th, 2018

Oil prices rise 2% as OPEC agrees in principal to production increase

OPEC and allies are meeting to discuss production......»»

Category: topSource: foxnewsJun 22nd, 2018