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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

Russia Plans Oil Boost Amid Supply Uncertainties, Pressure From Trump

Russia’s energy minister signaled Friday that a coalition of producers could pump more oil than agreed by year-end, a move which would please the Trump administration but signal the possible death of an OPEC production deal......»»

Category: topSource: wsjJul 27th, 2018

Russia Says It Will Support OPEC Plan to Lift Crude Supply

Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC......»»

Category: topSource: wsjJun 23rd, 2018

As OPEC Meets to Lift Output, Big Oil Companies Are Holding Back

Rather than responding to rising prices with fresh investment, Western oil companies have retrenched, a move many now say threatens a longer-term supply crunch......»»

Category: smallbizSource: wsjJun 21st, 2018

Rising Tensions in Syria"s Southwest Complicate Moscow"s Ties with Tehran

The Syrian regime is threatening to move against an antigovernment stronghold in the country’s southwest, raising pressure on Russia to keep Iran and its proxies out of a fight that could inflame tensions with Syria’s neighbor, Israel......»»

Category: topSource: wsjMay 29th, 2018

Trump puts the brakes on new Russia sanctions: official

The White House has pushed back fresh measures against Moscow, in a move that appears to walk back comments made by U.S. Ambassador to the United Nations Nikki Haley over the weekend. Dhruv Tikekar reports......»»

Category: videoSource: reutersApr 17th, 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

Currencies: Dollar slides after jobs report weakness

The U.S. dollar tracks lower on Friday, following a cooler-than-expected jobs report and some dovish Fedspeak. Commodity-linked currencies strengthen after OPEC members and Russia agree to curb oil production......»»

Category: topSource: marketwatchDec 7th, 2018

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 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

Oil Slides After OPEC Delays Decision on Level of Output Cuts

OPEC members on agreed to production curbs but will wait to hear from Russia before making a final decision on the exact amount the cartel would cut to address falling oil prices......»»

Category: topSource: wsjDec 6th, 2018

OPEC, Russia move closer to cutting oil output

OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

Category: topSource: reutersDec 6th, 2018

OPEC, Russia, move closer to oil output cut

OPEC and Russia moved closer on Wednesday to agreeing to cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

Category: videoSource: reutersDec 5th, 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

Saudi-Russia Ties Raise Concerns Among OPEC Members

Members of the Organization of the Petroleum Exporting Countries are bristling at the close ties between Saudi Arabia and Russia as the group looks to cut output to offset falling crude prices......»»

Category: topSource: wsjDec 5th, 2018

Oil drops; losses limited by hopes of OPEC, Russia output cut

Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week......»»

Category: topSource: reutersNov 30th, 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

Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains

Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check......»»

Category: topSource: reutersNov 30th, 2018

Oil firms as OPEC output cuts loom, but rising U.S. supply stems gains

Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check......»»

Category: topSource: reutersNov 29th, 2018

Oil prices edge up on expected OPEC output cuts, but swelling U.S. supply caps gains

Oil prices firmed on Friday as traders expected OPEC and Russia to agree on production cuts next week, although swelling U.S. supplies kept markets in check......»»

Category: topSource: reutersNov 29th, 2018