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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 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

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 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

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

Analyst View: OPEC, allied exporters to cut crude output by 1.2 million bpd

OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude......»»

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

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

Ahead of OPEC meeting, Trump urges producers to keep oil flowing

U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide......»»

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

Iran asks OPEC to "refrain" from unilateral production hikes

Iran has asked fellow OPEC members to "refrain from any unilateral measures" to increase oil production beyond the 1 million additional barrels of crude a day it already agreed to. .....»»

Category: topSource: moneycentralJul 1st, 2018

Oil drops after OPEC+ output deal, but markets to stay tight

LONDON (Reuters) - Brent crude oil fell 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production......»»

Category: topSource: reutersJun 25th, 2018

Oil prices drop on OPEC"s output deal, but markets to stay tight

SINGAPORE (Reuters) - Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna last week......»»

Category: topSource: reutersJun 25th, 2018

OPEC Decides to Increase Oil Production 600K bbl/d

OPEC has just reached a decision to increase output of oil barrels per day -- 1 million on the headline, but actually closer to 600K per day of "real" barrel output. Friday, June 22, 2018Next week, we expect new economic rea.....»»

Category: dealsSource: nytJun 22nd, 2018

OPEC ministers strike deal to boost oil production levels by 1 million barrels per day

A source confirmed to CNBC that a deal has been struck and a statement critical of the U.S. that Iran wanted to include would not be in the final communiq.....»»

Category: topSource: usatodayJun 22nd, 2018

Oil is rallying after OPEC reportedly strikes a deal to raise production

Heinz-Peter Bader/Reuters Oil prices rose more than 2% on Friday. OPEC reportedly reached a deal to raise output by a nominal one million barrels per day. Follow oil in real time here. Oil prices rose more than 2% Frida.....»»

Category: topSource: businessinsiderJun 22nd, 2018

OPEC reaches deal to raise oil output from July: source

VIENNA (Reuters) - OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said......»»

Category: topSource: reutersJun 22nd, 2018

OPEC kingpin Saudi Arabia just "threw down the gauntlet" in production push

De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week......»»

Category: topSource: moneycentralJun 21st, 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