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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 oil production drops in December to a 6-month low: report

Oil production from the Organization of the Petroleum Exporting Countries fell by 630,000 barrels a day to a six-month low of 32.43 million barrels in December from a month earlier, according t.....»»

Category: topSource: marketwatchJan 8th, 2019

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

WTI Spikes After Biggest Crude Draw In 7 Months

WTI jumped overnight after API reported a surprise crude draw and Saudi Arabia signaled that OPEC and allies will continue with production cuts despite pressure from President Trump earlier in the week. Bloomberg Intelligenc.....»»

Category: blogSource: zerohedgeFeb 27th, 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

Oil gains 2 percent as Saudi Arabia readies more supply cuts

Oil prices were up more than 2 percent on Tuesday on steep OPEC production cuts, with its de-facto leader Saudi Arabia planning to drop March crude output by more than a half a million barrels per day below its initial pledge......»»

Category: topSource: reutersFeb 12th, 2019

Oil up nearly 3 percent on Saudi and OPEC cuts

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 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

Oil up nearly 2 percent on Saudi and OPEC cuts

Oil prices gained nearly 2 percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said it would surpass by over half a million barrels per day (bpd) and by U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersFeb 12th, 2019

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