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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

OPEC and Russia Strike Deal to Cut Oil Production

OPEC and Russia have agreed to a deal to join in a significant production cut that would mop up a burgeoning global oil supply glut......»»

Category: topSource: wsjDec 8th, 2018

Why Trump and Russia could mean no deal at OPEC

OPEC is struggling to agree an expected cut in oil output, with Iran, Russia and Donald Trump all putting obstacles in the way......»»

Category: videoSource: reutersDec 7th, 2018

Oil slides as OPEC ties supply cut to Russia; Moscow said to only back limited move

Oil prices fell on Friday, pulled down by OPEC's move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd)......»»

Category: topSource: reutersDec 7th, 2018

Oil drops as OPEC makes supply cut dependent on Russian support

Oil prices fell on Friday, pulled down by OPEC's decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia......»»

Category: topSource: reutersDec 6th, 2018

Oil firms on drop in U.S. crude stocks, market awaits OPEC/Russia supply decision

U.S. oil prices stabilized on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia......»»

Category: topSource: reutersDec 6th, 2018

An OPEC return to 2016 oil quotas could mean a cut of 1.2 million bpd

If OPEC and its allies led by Russia agree to reduce oil output next year by reverting to 2016 production quotas, it would imply an OPEC-only supply curb of at least 1.2 million barrels per day (bpd), according to Reuters calculations......»»

Category: topSource: reutersDec 5th, 2018

OPEC works on deal to cut output, still needs Russia on board

OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia's resistance to a significant production cut was so far the main stumbling block......»»

Category: topSource: reutersDec 4th, 2018

Brent oil edges up on expected OPEC cuts; U.S. crude weaker amid swelling supply

Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories......»»

Category: topSource: reutersNov 30th, 2018