Business Standard

Global Oil Output Cut Deal

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil
Updated On : 08 Jan 2021 | 8:04 AM IST

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut
Updated On : 06 Jan 2021 | 12:05 PM IST

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal
Updated On : 06 Jan 2021 | 6:40 AM IST

Oil pact with Opec may be extended to end of 2018: Putin

He said that the extension will not depend of the situation shaping up on the world market

Oil pact with Opec may be extended to end of 2018: Putin
Updated On : 04 Oct 2017 | 5:57 PM IST