Advertisements


Oil rises for a second day as Saudi Arabia pushes supply cut

Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world's biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020......»»

Category: topSource: reutersDec 2nd, 2019

Oil rises for a second day as Saudi Arabia pushes supply cut

Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world's biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020......»»

Category: topSource: reutersDec 2nd, 2019

Oil rises on supply cuts, but weak economy holds market back

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington's withdrawal of a tariff threat against Mexico removed a cloud over the global economy......»»

Category: topSource: reutersJun 10th, 2019

Oil rises as Saudi sees producers sticking with ongoing supply cuts

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should keep supplies restricted at current levels, and in relief that the United States withdrew a tariff threat against Mexico, removing a cloud over the global economy......»»

Category: topSource: reutersJun 10th, 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 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 rises toward four-year high as Iran sanctions loom

Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more......»»

Category: topSource: reutersOct 3rd, 2018

Oil rises on expected OPEC cut, but markets remain wary

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

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 rises for a fourth day, buoyed by OPEC supply plans

Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year......»»

Category: topSource: reutersNov 19th, 2018

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 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 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 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 steadies as Saudi pushes for further supply cuts

Oil prices steadied around $61 a barrel on Tuesday as rising expectations of deeper output cuts from OPEC and its allies were countered by a potential delay to a U.S.-China trade agreement until after the next U.S. presidential election......»»

Category: topSource: reutersDec 3rd, 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

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

OPEC November oil output slips before Aramco IPO, policy meeting

OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of state-owned Saudi Aramco, a Reuters survey found......»»

Category: topSource: reutersNov 29th, 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

Slinging Mud Won’t Secure the World’s Oil Supply

Russia should get its house in order before its top oil executive criticizes weaknesses in supply from Saudi Arabia and the U.S......»»

Category: topSource: washpostOct 27th, 2019