• Saudis to Press OPEC for a Million-Barrel Cut in Oil Production

    12 days ago - By NY Times

    Khalid al-Falih, the Saudi energy minister, said that “all options” were on the table but that the number was “adequate” to balance the markets.
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  • OPEC agrees tentative oil cut, waits for Russia to commit

    12 days ago - By Reuters

    OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
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  • OPEC agrees oil output cut, no final figure yet: delegate

    12 days ago - By Reuters

    OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said.
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  • Oil loses 3 percent in volatile trade as OPEC meets

    12 days ago - By Reuters

    Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets.
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  • Saudi Arabia doesn't need US permission to cut oil output - energy minister

    12 days ago - By RT

    The US is not in a position to tell OPEC or Saudi Arabia what to do, Saudi Energy Minister Khalid al-Falih told journalists when asked about Donald Trump's reaction to curbing production of crude by the kingdom or the oil cartel.
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  • Oil tumbles 5 percent after OPEC hints at smaller output cut

    12 days ago - By Reuters

    Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.
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  • OPEC oil cuts at risk as Russia yet to commit

    12 days ago - By Reuters

    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.
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  • Russia & OPEC poised to cut oil production despite US pressure

    12 days ago - By RT

    The Organization of the Petroleum Exporting Countries and major oil producers lead by Russia are expected to agree on Thursday on price-boosting output cuts. That's despite US pressure on OPEC to reduce the cost of crude.
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