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OPEC members to cut output by 800,000 barrels a day starting in January

The Organization of the Petroleum Exporting Countries announced Friday that it will reduce overall production among its members.....»»

Category: topSource: marketwatchDec 7th, 2018

Oil spikes as OPEC signals ongoing cuts amid rising Iran-US tensions

OPEC and non-OPEC members, such as Russia, met over the weekend to cut output by 1.2 million barrels per day for six months......»»

Category: topSource: foxnewsMay 20th, 2019

OPEC Production Hits Multiyear Low: What You Need To Know

Total oil output from OPEC members fell in March by a combined 534,000 barrels per day (bpd) to just over 30 million barrels, CNBC reported Wednesday.  read more.....»»

Category: blogSource: benzingaApr 10th, 2019

OPEC discusses output hike of up to 600,000 barrels a day

OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks......»»

Category: topSource: moneycentralJun 18th, 2018

OPEC discusses output hike of up to 600,000 barrels a day

OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks......»»

Category: topSource: moneycentralJun 18th, 2018

Saudi Arabia to cut oil exports amid signs of new surplus

Saudi Arabia signaled it will reduce oil exports by as much as half a million barrels a day in December, the first tangible sign that OPEC is starting to trim output as it faces an oversupplied market in 2019......»»

Category: topSource: moneycentralNov 11th, 2018

Futures Movers: Oil prices rally as OPEC and Russia reach a deal to cut production

Oil prices rally Friday as members of the Organization of the Petroleum Exporting Countries and nonmember allies reach an agreement to curb production for six months, starting in January......»»

Category: topSource: marketwatchDec 7th, 2018

OPEC oil output drops in December as producers got a jump on pledged cuts

Oil production by OPEC fell in December as members appear to get a jump on their pledge and that of close non-cartel producers to cut daily output beginning in January......»»

Category: topSource: marketwatchJan 17th, 2019

The Wall Street Journal: OPEC daily production falls by about 800,000 barrels, according to monthly report

OPEC significantly reduced its crude-oil production in January, making good on its latest deal to curb output and rebalance an oversupplied market, the oil cartel said Tuesday......»»

Category: topSource: marketwatchFeb 12th, 2019

Futures Movers: Oil surges more than 2% as OPEC report shows big output drop

U.S. crude futures climb Tuesday after a monthly OPEC report shows that members of the cartel substantially reduced production in January......»»

Category: topSource: marketwatchFeb 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

Futures Movers: Oil prices rise on signs OPEC may extend output cuts

Oil prices rise Monday as OPEC members meeting over the weekend signal the extension of output cuts, agreed in December and due to expire next month......»»

Category: topSource: marketwatchMay 20th, 2019

OPEC crude-oil output edges higher in April: S&P Global Platts

Crude-oil production by the Organization of the Petroleum Exporting Countries edged up by 30,000 barrels a day to 30.26 million barrels a day in April, accordi.....»»

Category: topSource: marketwatchMay 9th, 2019

Oil surges amid OPEC caution to offset Iran sanctions

Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude......»»

Category: topSource: reutersApr 23rd, 2019

The Wall Street Journal: OPEC oil output drops sharply in March, driven by Saudi Arabia

The bulk of the cuts were shouldered by Saudi Arabia — the de-facto head of OPEC and the world’s largest exporter of crude — which reduced output by 324,000 barrels a day......»»

Category: topSource: marketwatchApr 10th, 2019

Oil prices drop on potential increase in OPEC output

SEOUL (Reuters) - Oil prices fell on Thursday, pulled down by expectations that OPEC members could step up production in the face of worries over supply from both Venezuela and Iran......»»

Category: topSource: reutersMay 23rd, 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

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

Saudi Arabia, Russia plan to raise oil production by 1 mn barrels/day

OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry source.....»»

Category: topSource: business-standardMay 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 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