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Oil gains 2 percent as Saudi Arabia readies more supply cuts

Oil prices were up more than 2 percent on Tuesday on steep OPEC production cuts, with its de-facto leader Saudi Arabia planning to drop March crude output by more than a half a million barrels per day below its initial pledge......»»

Category: topSource: reutersFeb 12th, 2019

Oil gains 1 percent on cuts to Saudi, Venezuelan exports

Oil prices rose about 1 percent on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while a power outage in Venezuela reduced crude exports from the country......»»

Category: topSource: reutersMar 12th, 2019

Oil rises as Saudi deepens OPEC supply cuts, but U.S. surge caps gains

Oil prices rose on Tuesday, as OPEC's de facto leader Saudi Arabia appeared to deepen the group's supply cuts aimed at tightening markets, although gains were capped by the ongoing surge in U.S. supply and worries over the global economy......»»

Category: topSource: reutersMar 12th, 2019

Oil gains over 1 percent as Saudi stands by OPEC output cuts

Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June......»»

Category: topSource: reutersMar 11th, 2019

Oil gains 1 percent as Saudi minister stands by OPEC output cuts

Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June......»»

Category: topSource: reutersMar 11th, 2019

Oil gains as OPEC defies Trump and sticks to supply cuts

Oil rallied for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U.S. President Donald Trump on OPEC to prevent steeper price rises......»»

Category: topSource: reutersFeb 27th, 2019

Oil gains on Saudi output cuts; rally limited by U.S. output

Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day's gains......»»

Category: topSource: reutersFeb 13th, 2019

Oil gains 1 percent after Saudi Arabia pledges more output cuts

Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels......»»

Category: topSource: reutersFeb 12th, 2019

Oil rises in choppy trade as OPEC supply cuts vie with demand worry

Oil prices rose more than one percent on Thursday in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand......»»

Category: topSource: reutersJan 3rd, 2019

Oil climbs on prospect of OPEC cuts despite lingering U.S.-China trade concerns

Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC to cut supply towards year-end......»»

Category: topSource: reutersNov 19th, 2018

WTI Hits 4-Month Highs, Tops $58 After Surprise Crude Draw, Production Cut

Crude rose for a third day after API reported an unexpected drop in U.S. stockpiles just as planned cuts and disruptions to OPEC output are tightening supply. While OPEC nations like Saudi Arabia press o.....»»

Category: blogSource: zerohedgeMar 13th, 2019

Oil gains on cuts to Saudi, Venezuelan exports

Oil prices rose on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while a power outage in Venezuela reduced crude exports from the country......»»

Category: topSource: reutersMar 12th, 2019

Oil rises to $67 on cuts to Saudi, Venezuelan exports

Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's plan for further voluntary supply curbs in April and by a cut in oil exports from Venezuela due to a power outage......»»

Category: topSource: reutersMar 12th, 2019

Oil gains as Saudi stands by OPEC cuts, U.S. drilling drops

Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity......»»

Category: topSource: reutersMar 11th, 2019

Oil gains as Saudi stands by OPEC supply cuts, U.S. rig activity drops

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity......»»

Category: topSource: reutersMar 11th, 2019

Oil rises on OPEC-led supply cuts, but slowing economy restricts gains

Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling U.S. drilling activity......»»

Category: topSource: reutersMar 10th, 2019

Oil jumps after U.S. crude stocks drop, OPEC stays firm on cuts

Oil futures rose more than 2 percent on Wednesday after a surprising plunge in U.S. crude inventories and as OPEC's de facto leader Saudi Arabia appeared unfazed by pressure from U.S. President Donald Trump to prevent oil prices from rising......»»

Category: topSource: reutersFeb 27th, 2019

Oil rises as OPEC defies Trump and sticks to supply cuts

Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U.S. President Donald Trump on OPEC to prevent steeper price rises......»»

Category: topSource: reutersFeb 27th, 2019

Oil rises over 2 percent to 2019 highs on tightening supplies

Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment......»»

Category: topSource: reutersFeb 15th, 2019

Oil prices rise 2 percent on signs of further Saudi tightening

Oil prices climbed more than 2 percent on Friday after an outage at Saudi Arabia's offshore oilfield boosted investor expectations for tightening supply......»»

Category: topSource: reutersFeb 15th, 2019

WTI Holds Gains Despite Bigger Than Expected Crude Build

WTI has extended gains, pushing back above $54, following last night's surprise crude draw reported by API and Saudi Arabia pledged to deepen production cuts. The world’s biggest crude exporter will continue to.....»»

Category: blogSource: zerohedgeFeb 13th, 2019