OPEC

OPEC+ extends most oil output cuts into April, Saudi keeps voluntary curb

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FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo March 4, 2021 By Rania El Gamal and Olesya Astakhova DUBAI/MOSCOW (Reuters) – OPEC and its allies agreed to extend most oil output cuts …

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OPEC president says oil market rebalancing, pandemic still a risk

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FILE PHOTO: A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo March 2, 2021 By Sergio Goncalves and Noah Browning LISBON (Reuters) – The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on …

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Oil rises 1%, hits highest in a year on growth hopes, OPEC+ output cuts

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FILE PHOTO: A well head and drilling rig in the Yarakta oilfield, owned by Irkutsk Oil Company (INK), in the Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko/File Photo February 5, 2021 By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices rose about 1% on Friday, after hitting their highest in a year and …

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Saudi offers extra cut as OPEC+ agrees oil output rollover

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FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration January 5, 2021 By Vladimir Soldatkin, Shadia Nasralla and Alex Lawler MOSCOW/LONDON (Reuters) -Saudi Arabia will make voluntary cuts to its oil output in February and March as part of …

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Oil falls with U.S. stocks despite OPEC+ seen keeping output steady

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FILE PHOTO: The sun sets behind the chimneys of the Total Grandpuits oil refinery southeast of Paris, France, February 29, 2016. REUTERS/Christian Hartmann/File Photo January 4, 2021 By Scott DiSavino NEW YORK (Reuters) -Oil prices fell from multi-month highs in volatile trade on Monday as U.S. stocks eased on concerns over the outcome of runoff …

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Oil prices drop on U.S. stock build, delay in OPEC+ meeting | One America News Network

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December 2, 2020 By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were …

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Oil falls as OPEC+ talks delays raise supply concerns | One America News Network

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December 1, 2020 TOKYO (Reuters) – Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand. Opening trading for December Brent crude was down 20 cents, or 0.4% at $47.68 a barrel …

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