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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 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

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: reuters3 hr. 8 min. ago

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

Oil up nearly 3 percent on Saudi and OPEC cuts

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

Oil up nearly 3 percent on Saudi and OPEC cuts

OPEC cut its forecast for 2019 world oil demand on Tuesday, citing slowing economies and expectations of faster supply growth from rivals......»»

Category: topSource: foxnewsFeb 12th, 2019

Oil up nearly 2 percent on Saudi and OPEC cuts

Oil prices gained nearly 2 percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said it would surpass by over half a million barrels per day (bpd) and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

Oil drops nearly 3 percent on rising supplies, China slowdown

Oil prices fell 3 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised......»»

Category: topSource: reutersJan 22nd, 2019

Oil rises 1 percent on supply cuts, but economic slowdown weighs on outlook

Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains......»»

Category: topSource: reutersJan 14th, 2019

Oil rises 1 percent on supply cuts, but gloomy economic outlook caps gains

Oil prices rose by 1 percent on Tuesday amid supply cuts by producer club OPEC and Russia, although analysts said much bigger gains were unlikely because of a darkening economic outlook capped gains......»»

Category: topSource: reutersJan 14th, 2019

Oil near flat, prices swing as demand worry vies with OPEC supply cuts

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

Category: topSource: reutersJan 3rd, 2019

Oil prices rebound, helped by weak dollar, Saudi supply cuts

Oil prices rebounded on Thursday after an early slide, helped by dollar weakness and signs of output cuts by the world's top crude exporter Saudi Arabia that eased concerns about a glut......»»

Category: topSource: reutersJan 3rd, 2019

Oil jumps as Saudis target American refiners for supply cuts

Oil jumped as Saudi Arabia prepared to slash shipments to U.S. refiners in an effort to prevent a price-killing buildup of American stockpiles......»»

Category: topSource: moneycentralDec 13th, 2018

Oil prices climb on OPEC-led cuts, but off session highs

Oil prices jumped more than 2 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia, agreed to reduce output to drain global fuel inventories and support the market......»»

Category: topSource: reutersDec 7th, 2018

Oil prices surge 4 percent on OPEC-led output cuts of 1.2 million bpd

Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market......»»

Category: topSource: reutersDec 7th, 2018

Oil jumps 2 percent on expected OPEC production cuts

Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply......»»

Category: topSource: reutersDec 4th, 2018

Oil jumps 2 percent on expectations of production cuts

Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply......»»

Category: topSource: reutersDec 4th, 2018

Oil up 1 percent on expectations of OPEC-led output cuts

Oil prices rose more than 1 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply......»»

Category: topSource: reutersDec 4th, 2018