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Oil Production Cut News
Oil Production Cut
Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official
Fri, Mar 24, 2017
An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.
OPEC figures show over 90% compliance with supply cut: Sources
Fri, Feb 10, 2017
The Organisation of the Petroleum Exporting Countries (OPEC) has delivered more than 90% of pledged oil output curbs in January whereby making a strong start to implementation of its first production cut in eight years.
Saudi Arabia to sell 49% of Aramco within decade: Report
Sun, Dec 25, 2016
Saudi Arabia plans to sell up to 49% of its oil giant Saudi Aramco within 10 years as the world`s largest crude exporter tries to lower its deficit, local media said on Saturday.
Oil prices down on profit-taking after rising 7% in past two sessions
Fri, Sep 30, 2016
NYMEX crude for November delivery was down 8 cents at $47.75. It settled up 78 cents on Thursday, after touching a one-month high of $48.32 earlier.
Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices
Thu, Sep 29, 2016
WTI was trading around $47 a barrel, after gaining more than 5 percent on Wednesday on OPEC`s planned output cut. [O/R]