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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

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

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

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

Is Fresh OPEC+ Output Cut Enough to Boost Oil & Energy ETFs?

Though OPEC+ has agreed to an output cut, is the cut enough to push up oil and energy ETFs? After a long discussion, OPEC and Russia finally reached an agreement to cut output by 1.2 million barrels per day during the two-day OPEC meetin.....»»

Category: smallbizSource: nytDec 10th, 2018

OPEC and Partners Agree to 1.2 Million Barrel per Day Production Cut

OPEC and its partners reportedly have agreed to cut 1.2 million barrels of daily oil production beginning in January and lasting through June 2019. Crude prices are soaring......»»

Category: blogSource: 247wallstDec 7th, 2018

OPEC president: OPEC and non-OPEC countries to cut oil production 1.2 million barrels a day in January for 6 months

OPEC president: OPEC and non-OPEC countries to cut oil production 1.2 million barrels a day in January for 6 months......»»

Category: topSource: foxnewsDec 7th, 2018

OPEC gets Iran green light to cut oil output by 0.8 million barrels per day: source

Iran gave OPEC the green light on Friday to cut oil output by around 0.8 million barrels per day from 2019, an OPEC source said......»»

Category: topSource: reutersDec 7th, 2018

OPEC Meeting Ends As Members Agree To 1.2 Million Barrels Per Day Production Cut

Update (8:40 am ET): The latest wave of reports out of Vienna has put the wind back in crude's sails. After two days of heated negotiations, the OPEC+ delegates have final.....»»

Category: blogSource: zerohedgeDec 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

OPEC reached a preliminary pact in Vienna to cut oil output, but specific volumes yet to be decided: report

Members of the Organization o.....»»

Category: topSource: marketwatchDec 6th, 2018

Commodities Corner: OPEC delays output-cut decision, raising fears that oil producers won’t strike a deal

Members of the O.....»»

Category: topSource: marketwatchDec 6th, 2018

OPEC eyes cut after Saudis say they won"t shock market

OPEC ministers discussed cutting their oil output by about 1 million barrels a day, a proposal that would go a little further than Saudi Arabia’s suggestion of a reduction that wouldn’t shock the market......»»

Category: topSource: moneycentralDec 6th, 2018

OPEC eyes cut after Saudis say they won"t shock market

OPEC ministers discussed cutting their oil output by about 1 million barrels a day, a proposal that would go a little further than Saudi Arabia’s suggestion of a reduction that wouldn’t shock the market......»»

Category: topSource: moneycentralDec 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 oil cuts at risk as Russia yet to commit

OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday......»»

Category: topSource: reutersDec 6th, 2018

OPEC members expected to agree cut in crude production

OPEC members are meeting to agree on their response to recent declines in oil prices, with analysts predicting a cut in production of at least 1 million barrels per day......»»

Category: topSource: foxnewsDec 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

Russia"s Gazprom Neft sticking with plan to raise oil output in 2019

Russian oil producer Gazprom Neft will keep its plan to raise oil output by 50,000 barrels per day in 2019 regardless of the outcome of talks between OPEC and other oil producers, Alexander Dyukov, the company's head, said on Wednesday......»»

Category: topSource: reutersDec 5th, 2018

OPEC oil production climbs in November, but Iran's output declines: report - MarketWatch

NBCNews.comOPEC oil production climbs in November, but Iran's output declines: reportMarketWatchOil production from the Organization of the Petroleum Exporting Countries rose by 40,000 barrels a day to 33.08 million barrels in Nov.....»»

Category: topSource: googlenewsDec 5th, 2018