Saudi Arabia Pushing for $70 Crude Oil
$OIL, $USO Saudi Arabia’s budget needs are causing Saudi Arabia to push for Crude Oil prices of at least $70 bbl this year, industry sources say, even though US Shale Oil prod.....»»
Oil trims early gains despite deal between Saudi Arabia, Russia
WTI crude oil had climbed 5.8% to $24.08 a barrel......»»
Kremlin says leaders of Russia, U.S., Saudi Arabia support OPEC+ oil deal
Russian President Vladimir Putin, U.S. President Donald Trump and Saudi Arabia's King Salman all supported the OPEC+ deal to cut global crude output, the Kremlin said on Sunday......»»
U.S. senators press Saudi officials to put oil cut in motion
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output......»»
U.S. senators hold call with Saudi officials urging them to put oil cut in motion
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output......»»
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......»»
Russia, Saudi Arabia overcome differences holding up big oil cut deal: Dmitriev
Russia and Saudi Arabia have overcome differences that had presented potential hurdles to a plan for major oil output cuts aimed at shoring up crude prices hammered by the coranavirus crisis, the head of Russia's wealth fund said on Thursday......»»
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......»»
Futures Movers: Oil prices rise as key OPEC+ production conference gets under way
Oil futures climb on Thursday as investors awaited the outcome of a crucial meeting of OPEC and its allies that is expected to lead to an agreement to cut global crude production and end a price war between Russia and Saudi Arabia......»»
U.S. oil state senators to talk crude markets with Saudi officials Saturday: source
Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday......»»
U.S. pushes back on call by OPEC+ to join big oil output cuts
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis......»»
Big OPEC+ oil output cuts depend on U.S., others joining: sources
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis......»»
Oil prices slump 3% after Saudi Arabia and Russia delay talks to end their price war
Dennis Van Tine/STAR MAX/IPx 2018 via AP Crude oil prices slid more than 3% on Monday on reports that Russia and Saudi Arabia have postponed their oil pr.....»»
Trump threatens tariffs on oil imports to "protect" U.S. energy workers
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share......»»
OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources
OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a row between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified......»»
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........»»
U.S. crude futures trim record gain
Benchmark U.S. crude fell more than 1% in early trade on Friday, coming off its biggest one-day gain in the previous session after U.S. President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut......»»
Trump touts "great" Saudi-Russia oil deal to halt price rout, but details unclear
U.S. President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how cuts would work were unclear......»»
Energy stocks propel broader market higher as crude soars on hopes for a Saudi-Russian truce
Energy stocks propelled the broader stock market higher Thursday, driven by a surge in crude prices on hopes that Saudi Arabia and Russia could step back from their price war. .....»»
Bond Report: Treasury yields come off lows as crude-oil surge lifts inflation expectations
U.S. Treasury yields bounced off their lows on Thursday as a surge in oil prices spurred by hopes of coordinated production cuts between Saudi Arabia and Russia helped to lift inflation expectations, a bugaboo for bondholders......»»