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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 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 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 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 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 up 1 percent on Saudi and OPEC cuts but outlook picture clouded

Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks......»»

Category: topSource: reutersFeb 12th, 2019

Oil up more than 4 percent on U.S.-China trade talk hopes, OPEC cuts

Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided support......»»

Category: topSource: reutersJan 9th, 2019

Oil rises more than 4 percent on U.S.-China trade talk hope, OPEC cuts

Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided support......»»

Category: topSource: reutersJan 9th, 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 plunges 5 percent to a 15-month low

Oil prices dived 5 percent to a 15-month low Tuesday as the United States and Russia continued to pump at record levels ahead of planned output cuts by OPEC and its allies......»»

Category: topSource: moneycentralDec 18th, 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 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

Oil prices advance 1 percent on expectations of OPEC-led output cuts

Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output......»»

Category: topSource: reutersDec 4th, 2018

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 rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela

Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports......»»

Category: topSource: reutersFeb 12th, 2019

Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela

Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply cut supply in January and as U.S. sanctions hit Venezuela's oil exports......»»

Category: topSource: reutersFeb 12th, 2019

Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check......»»

Category: topSource: reutersFeb 12th, 2019

Oil prices rise on OPEC output cuts, as U.S. sanctions bite

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check......»»

Category: topSource: reutersFeb 11th, 2019

Sanctions, OPEC cuts push Asia"s sour crude oil prices above Brent

Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said......»»

Category: topSource: reutersFeb 11th, 2019