Oil Output Deal

OPEC+ panel recommends sticking to oil output plan, sources say

A OPEC+ ministerial panel has recommended that the oil producing group stick to an existing pact to hike oil output by 400,000 barrels per day (bpd) in November

OPEC+ sticks to agreed schedule for oil-production increases

Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after less than an hour of talks, one of the quickest meetings in recent memory

Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off

OPEC+ agrees new oil deal but without UAE agreement, source says

OPEC+ agreed to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though United Arab Emirates still opposed extension

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Oil prices hold steady as OPEC+ works on compromise on production deal

OPEC and Russia have moved closer to a compromise, OPEC+ sources told Reuters

Opec, allies agree on 500,000-bpd additional production cut in Jan-Mar 2020

The countries involved pump over 40% of the world's oil, and their new combined cuts amount to 1.7 million bpd or 1.7% of global production

OPEC, allies agree to deepen oil production cuts to prevent a global glut

Existing supply curbs of 1.2 million barrels per day, aimed at supporting oil prices and preventing a global glut, are set to expire in March.

Lower oil output deal aimed at inventories: Goldman Sachs

The cut was short of an initial target of 600,000 bpd but still the first Opec/non-Opec output deal since 2001