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Oil Prices Jump After OPEC Agrees To Bigger-Than-Expected Production Cut
5 monthes ago - By NPR
Ignoring pressure from President Trump to keep the oil flowing, OPEC, Russia and other producers have agreed to cut production. They hope to stem a 30 percent drop in oil prices in the past month. (Image credit: Joe Klamar/AFP/Getty Images)
Read more ...Oil prices surge 4 percent on OPEC-led output cuts of 1.2 million bpd
5 monthes ago - By Reuters
Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market.
Read more ...OPEC Did The Right Thing And Oil Prices Are Jumping
5 monthes ago - By Forbes
U.S. domestic crude oil production averaged 11.700 mmbpd last week, an increase of 1.993 mmbpd from the year ago figure of 9.707 mmbpd. U.S. net imports of crude decreased in that year-over-year analysis with last week's figure of 4.016 mmbpd showing a 1.828 mmbpd decline from the year ago figure.
Read more ...
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