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Oil rises for a second day as Saudi Arabia pushes supply cut

Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world's biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020......»»

Category: topSource: reutersDec 2nd, 2019

Oil rises for a second day as Saudi Arabia pushes supply cut

Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world's biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020......»»

Category: topSource: reutersDec 2nd, 2019

Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market......»»

Category: topSource: reutersMar 5th, 2020

Oil rises on supply cut pledges and slow return of Gulf field

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue and amid signs Saudi Arabia and Kuwait could take as much as a year to bring a major field back to full capacity......»»

Category: topSource: reutersDec 24th, 2019

Oil rises on supply cuts, but weak economy holds market back

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington's withdrawal of a tariff threat against Mexico removed a cloud over the global economy......»»

Category: topSource: reutersJun 10th, 2019

Oil rises as Saudi sees producers sticking with ongoing supply cuts

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should keep supplies restricted at current levels, and in relief that the United States withdrew a tariff threat against Mexico, removing a cloud over the global economy......»»

Category: topSource: reutersJun 10th, 2019

Oil rises to $67 on cuts to Saudi, Venezuelan exports

Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's plan for further voluntary supply curbs in April and by a cut in oil exports from Venezuela due to a power outage......»»

Category: topSource: reutersMar 12th, 2019

Oil rises as Saudi deepens OPEC supply cuts, but U.S. surge caps gains

Oil prices rose on Tuesday, as OPEC's de facto leader Saudi Arabia appeared to deepen the group's supply cuts aimed at tightening markets, although gains were capped by the ongoing surge in U.S. supply and worries over the global economy......»»

Category: topSource: reutersMar 12th, 2019

Oil rises toward four-year high as Iran sanctions loom

Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more......»»

Category: topSource: reutersOct 3rd, 2018

Oil rises on expected OPEC cut, but markets remain wary

Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year......»»

Category: topSource: reutersNov 18th, 2018

Oil rises on expected OPEC cuts, but markets wary on trade woes

Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end......»»

Category: topSource: reutersNov 19th, 2018

Oil rises for a fourth day, buoyed by OPEC supply plans

Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year......»»

Category: topSource: reutersNov 19th, 2018

Oil rises in choppy trade as OPEC supply cuts vie with demand worry

Oil prices rose more than one percent on Thursday in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand......»»

Category: topSource: reutersJan 3rd, 2019

Oil rises over 2 percent to 2019 highs on tightening supplies

Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment......»»

Category: topSource: reutersFeb 15th, 2019

Oil rises as OPEC defies Trump and sticks to supply cuts

Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U.S. President Donald Trump on OPEC to prevent steeper price rises......»»

Category: topSource: reutersFeb 27th, 2019

Oil gains as OPEC defies Trump and sticks to supply cuts

Oil rallied for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U.S. President Donald Trump on OPEC to prevent steeper price rises......»»

Category: topSource: reutersFeb 27th, 2019

OPEC delivers three quarters of record oil cut in May: survey

OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction......»»

Category: topSource: reutersMay 29th, 2020

Oil prices rise on Saudi voluntary cuts

Oil prices rose on Monday, recovering earlier losses on news that leading exporter Saudi Arabia will reduce its output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ supply pact......»»

Category: topSource: reutersMay 11th, 2020

US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse

US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse Petrodollar panic? As tensions between OPEC (cough - the Saudis - cough) and Washington rise over the supply (and price) of oil glob.....»»

Category: blogSource: zerohedgeMay 7th, 2020

Trump gave Saudi Arabia an ultimatum to cut oil supply or lose US military support

REUTERS/Kevin Lamarque/File Photo US President Donald Trump gave Saudi Crown Prince Mohammed bin Salman an ultimatum to end its oil price war with Russia — cut oil prices or lose US military support. Earlier this month, Trump told bin Salman th.....»»

Category: topSource: businessinsiderMay 1st, 2020

Oil prices rally as producers tackle supply glut

Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply......»»

Category: topSource: foxnewsApr 30th, 2020