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Oil gains amid push by Saudi Arabia for further supply cuts

Oil prices rose on Tuesday, as OPEC and its allies discuss whether to deepen a supply cut pact ahead of meetings this week, although prospects after Saudi Arabia's planned listing of Aramco fuelled uncertainty for traders, limiting gains......»»

Category: topSource: reutersDec 3rd, 2019

Oil rises as Saudi Arabia pushes for further supply cuts

Oil prices gained on Tuesday, as hopes rose for OPEC and its allies to agree deeper output cuts when they meet this week, although gains were limited, amid some analysts' scepticism over the achievement of further reductions......»»

Category: topSource: reutersDec 3rd, 2019

OPEC+ likely to extend oil supply cuts until June: sources

OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia's push for stable oil prices amid the listing of state oil giant Saudi Aramco......»»

Category: topSource: reutersNov 21st, 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 gains on Saudi supply disruption, Mideast tensions

Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East......»»

Category: topSource: reutersSep 23rd, 2019

OPEC set to extend oil supply cut as Iran endorses pact

OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude amid a weakening global economy......»»

Category: topSource: reutersJul 1st, 2019

OPEC set for oil cut extension if Iran endorses pact

OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy......»»

Category: topSource: reutersJun 30th, 2019

Oil falls 1% amid U.S.-China trade dispute, uncertainty on supply cuts

Oil prices fell more than 1% on Monday as U.S.-China trade tensions continued to threaten demand for crude and as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal......»»

Category: topSource: reutersJun 10th, 2019

Oil dips in volatile trade amid uncertainty on supply cuts, U.S.-China tariffs

Oil prices edged lower on Monday in volatile trading as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude......»»

Category: topSource: reutersJun 10th, 2019

Oil steady in volatile trade amid uncertainty on supply cuts, U.S.-China tariffs

Oil prices were steady in volatile trading on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude......»»

Category: topSource: reutersJun 10th, 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 prices climb amid expected OPEC cut, but markets remain wary

Oil prices rose around 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end......»»

Category: topSource: reutersNov 18th, 2018

Oil rises on expected OPEC cuts, but markets wary on trade woes

Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end......»»

Category: topSource: reutersNov 19th, 2018

Oil climbs 1 percent on prospect of OPEC, Russia supply cut

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

Category: topSource: reutersNov 19th, 2018

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 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

Saudi Arabia, Russia to Propose Slashing Oil Production Cuts by Another 42% 

OPEC is expected to announce that the cartel will slash an additional 500,000 barrels a day from production, lowering daily global crude oil supply by 1.7 million barrels a day......»»

Category: blogSource: 247wallstDec 5th, 2019

Oil higher as Saudi pushes for further supply cuts

Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although scepticism about a deal among some analysts limited the gains......»»

Category: topSource: reutersDec 3rd, 2019

The Wall Street Journal: Saudis to push for extension of oil-production cuts at OPEC meeting

Saudi Arabia will push for an extension of oil production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share price, Persian Gulf officials said......»»

Category: topSource: marketwatchDec 1st, 2019

Oil drops 2% on Chinese data, Saudi output recovery

Oil fell nearly 2% on Monday as China's economic outlook remained weak amid an ongoing trade war with the United States and market fears of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia faded......»»

Category: topSource: reutersSep 30th, 2019

Oil gains more than 1% on Saudi supply doubts, Mideast tensions

Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels......»»

Category: topSource: reutersSep 23rd, 2019