OPEC+ "Cuts" Apply To Mature Fields In Kazakhstan And Azerbaijan

The Organization of the Petroleum Exporting Countries and its allies want to continue their existing oil production cuts beyond June, Reuters reported Tuesday, citing four OPEC+ sources. The agreement between t.....»»

Oil prices rose on Monday, recovering earlier losses on news that leading exporter Saudi Arabia will reduce its output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ supply pact......»»

U.S. oil futures finish higher on Friday to score a weekly gain as the market marks the official start date for production cuts under the recent agreement between major oil producers......»»

U.S. oil futures traded higher on Friday, poised for a weekly gain as the market marks the official start date for production cuts under the recent agreement between major oil producers......»»

Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the coronavirus pandemic......»»

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some expected......»»

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some anticipated......»»

Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more......»»

Associated Press Some OPEC members are considering cutting oil production right away instead of waiting until a historic d.....»»

Oil prices were mixed on Thursday, as Brent crude rose modestly while U.S. futures ended unchanged at an 18-year-low after some European countries said they would relax coronavirus restrictions even though OPEC lowered its global oil demand forecast......»»

Oil prices slid, with U.S. crude on track for its lowest close since 2002, after OPEC lowered its global oil demand forecast due to the plunge in demand delivered by the coronavirus outbreak......»»

REUTERS/Jim Urquhart Oil slumped further on Tuesday as historic production cuts that OPEC agreed to over the weekend were overshadowed by the coronavirus pandemic's impact on global demand. US West.....»»

Oil prices fell around 6% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the coronavirus pandemic......»»

Oil prices plunged around 5% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the coronavirus pandemic......»»

REUTERS/Jim Urquhart Oil slumped further Tuesday as historic production cuts agreed to over the weekend by OPEC were ove.....»»

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Never before has oil production been slashed this much this quickly, but it still isn't enough to offset coronavirus demand destruction. read more.....»»

Worldwide oil p.....»»

Saudi Arabia's energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserves......»»

Saudi Arabia's energy minister said on Monday that effective global oil supply cuts would amount to about 19.5 million barrels per day taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserves......»»