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

    7 days ago - By Reuters

    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.
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  • OPEC and Russia near deal to cut oil production

    7 days ago - By Washington Post

    An accord reached in Vienna would work to reverse the steep slide in oil prices that began in October
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  • The Latest: OPEC agrees to cut in oil production

    7 days ago - By Chron

    VIENNA - The Latest on the OPEC oil meeting :
    4 p.m.
    Iraq's representative in OPEC says the oil cartel has agreed to a proposal that will see global oil production reduced by 1.2 million barrels a day.
    According to Thamir Ghadhban, the proposed cut would be made up of 800,000 barrels per day from OPEC countries and 400,000 barrels from non-OPEC nations.
    The proposed cut was in line with the 1 million to 1.3 million barrels per day expected by analysts.
    11:10 a.m.
    OPEC countries are mulling a possible cut to oil production in an attempt to stabilize prices as they meet for a second straight...
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  • Why Trump and Russia could mean no deal at OPEC

    7 days ago - By Reuters

    OPEC is struggling to agree an expected cut in oil output, with Iran, Russia and Donald Trump all putting obstacles in the way.
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  • Oil surges after OPEC and Russia agree to production cut

    Oil surges after OPEC and Russia agree to production cut

    7 days ago - By Business Insider

    OPEC+ and Russia have agreed an output cut to crude oil, sending prices surging after a week of uncertainty.
    Brent crude rose as much as 5.4% after OPEC agreed to an output cut of 1.2 million barrels a day collectively in Vienna Friday.
    Oil prices had been volatile all week as OPEC weighed supply concerns with demands from President Trump to keep prices low.
    OPEC+ has agreed to cut production by 1.2 million barrels, reducing tensions around crude oil prices after two days of fractious discussion in Vienna. Brent Crude was up 4.8% as of 2.40 p.m in London on the news.
    Oil prices had...
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  • Oil surges 5 percent as OPEC agrees output cut

    7 days ago - By Reuters

    Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.
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  • Oil prices up 2 percent as OPEC, Russia near output cut

    7 days ago - By Reuters

    Oil prices jumped more than 2 percent on Friday as Russia and the major Middle East producers in OPEC edged closer to an agreement to reduce output to try to drain inventories and support the market.
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  • Oil prices jump 5% as OPEC reaches production cut deal

    7 days ago - By RT


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  • Iran agrees to OPEC oil cut, focus shifts back to Russia

    7 days ago - By Reuters

    Iran gave OPEC the green light on Friday to reduce oil output by around 0.8 million barrels per day from 2019 after finding a compromise with rival Saudi Arabia over a possible exemption from the cuts, an OPEC source said.
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  • OPEC gets Iran green light to cut oil output by 0.8 million barrels per day: source

    7 days ago - By Reuters

    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.
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  • Kuwait oil minister leaves OPEC meeting amid deadlock in oil production cut talks - reports

    7 days ago - By RT

    The Organization of the Petroleum Exporting Countries has, so far, failed to agree on oil output cuts aimed at boosting crude prices. The Saudi energy minister earlier warned that the meeting may end with no deal.
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  • OPEC talks stall as Saudis refuse to exempt Iran from oil cut

    7 days ago - By Reuters

    OPEC talks on oil production cuts reached deadlock on Friday as the group's leader Saudi Arabia refused to grant sanctions-hit Iran exemptions from planned reductions, OPEC sources said.
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