OPEC
U.S. senators press Saudi officials to put oil cut in motion
Mon, Apr 13, 2020
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
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Oil prices pare earlier gains as OPEC+ works on output cut deal
Fri, Apr 10, 2020
NEOil prices were up almost 2% on Thursday, pulling back from an earlier surge as OPEC and other crude producers work on a deal to drastically cut output in response to a collapse in global demand from the coronavirus
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Oil futures pare gains after U.S. inventories surge most on record
Thu, Apr 09, 2020
Oil prices pulled back Wednesday, with benchmark Brent turning negative as U.S. crude inventories surged the most on record, but the pullback was muted by hopes that a meeting between OPEC and allied producers on Thursday will trigger output cuts
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Russia and Saudi ''very close'' to oil deal, Moscow signals big cuts
Tue, Apr 07, 2020
Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian negotiator said on Monday, while sources in Moscow said it was ready for significant cuts, ahead of talks planned for this week
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Trump threatens tariffs on oil imports to ''protect'' U.S. energy workers
Mon, Apr 06, 2020
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
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Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse
Mon, Mar 09, 2020
Saudi Arabia, the world`s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC`s supply cut agreement with Russia, two sources told Reuters on Sunday
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Oil prices jump 4% after reports of coronavirus drug breakthrough
Thu, Feb 06, 2020
Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand
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Oil futures rise on talk of further OPEC+ supply curbs
Tue, Dec 03, 2019
Oil eased off session highs as Wall Street dropped after data showed U.S. factory activity contracted in November and after U.S. President Donald Trump unexpectedly announced plans to reimpose tariffs on steel and aluminium from Argentina and Brazil.
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OPEC and allies may deepen oil cut deal to 1.6 million bpd - Iraq
Mon, Dec 02, 2019
Iraq will exceed 100% commitment with the supply deal as of Sunday, Ghadhban also said, adding that an agreement capping production from the semi-autonomous Kurdistan region will also help the country`s compliance.
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OPEC cuts 2020 global oil demand forecast, urges effort to avert new glut
Wed, Sep 11, 2019
OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year`s increase in oil demand would be outpaced by "strong growth" in supply from rival producers such as the United States.
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