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Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer club sought to get heavyweight supplier Russia on board......»»

Category: topSource: reutersDec 7th, 2018

Oil edges higher after Russia indicates larger output cut

Brent oil futures edged higher on Friday after Russia seemed likely to contribute a bigger output cut to an OPEC and non-OPEC deal, but Saudi Arabia voiced pessimism on whether an agreement could be reached as Iran insisted on an exemption......»»

Category: topSource: reutersDec 7th, 2018

Worried by oil slump, OPEC and partners discuss larger supply curbs: sources

OPEC and its partners are discussing a proposal to cut oil output by 1.4 million barrels per day (bpd), three sources familiar with the issue said, although Russia may not be on board for such a large reduction......»»

Category: topSource: reutersNov 14th, 2018

Oil falls from four-year highs; Saudi, Russia agree to up supply

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's No. 3 producer Iran......»»

Category: topSource: reutersOct 4th, 2018

Oil extends rally as Trump reiterates commitment to Iran sanctions

Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply......»»

Category: topSource: reutersSep 25th, 2018

Oil hits four-year high as OPEC, Russia resist output rise to offset Iran sanctions

Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to hit to supply......»»

Category: topSource: reutersSep 25th, 2018

OPEC strives for oil deal as Iran insists on modest rise in output

VIENNA (Reuters) - OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signaling it would support only a modest increase in supply......»»

Category: topSource: reutersJun 21st, 2018

Iran: 3 OPEC members to veto Saudi-proposed supply boost

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week......»»

Category: topSource: moneycentralJun 17th, 2018

Futures Movers: Oil posts hefty loss for the week as OPEC, Russia talk output increase

Oil prices plunge Friday as reports say OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela......»»

Category: topSource: marketwatchMay 25th, 2018

Futures Movers: Oil drops to multiweek low as OPEC, Russia talk output increase

Oil prices plunge Friday as reports say OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela......»»

Category: topSource: marketwatchMay 25th, 2018

Futures Movers: Oil drops to multiweek low as OPEC, Russia mull output increase

Oil prices plunge Friday as reports say OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela......»»

Category: topSource: marketwatchMay 25th, 2018

Futures Movers: Oil prices slide as OPEC, Russia mull output increase

Oil prices plunge Friday as reports say OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela......»»

Category: topSource: marketwatchMay 25th, 2018

Saudi Arabia: OPEC and Russia to pump more oil "in the near future"

Saudi Arabia says OPEC and Russia could supply more oil to world markets "in the near future" to make up for a collapse in Venezuelan output and the impact of US sanctions on Iran......»»

Category: topSource: cnnMay 25th, 2018

Oil hovers near six-month high as U.S. stockpile build counters supply fears

Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran......»»

Category: topSource: reuters12 hr. 48 min. ago

Oil hovers near six-month peak as U.S. stockpile build counters supply fears

Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran......»»

Category: topSource: reuters19 hr. 3 min. ago

Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran......»»

Category: topSource: reutersApr 18th, 2019

Oil prices slip, but supply cuts support

Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses......»»

Category: topSource: reutersApr 18th, 2019

Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia's willingness to stick with OPEC-led supply cuts......»»

Category: topSource: reutersApr 16th, 2019

Bank results curb Wall Street, oil falls as Russia mulls production boost

Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production......»»

Category: topSource: reutersApr 15th, 2019

Oil rises as supply constraints outweigh China slowdown fears

Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies......»»

Category: topSource: reutersApr 12th, 2019

Oil prices rise as market tightens, but demand concerns linger

Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela......»»

Category: topSource: reutersApr 12th, 2019