Page 10 - Opec Output

Moscow suggests OPEC+ to tackle demand dip, Saudi says no talks on new deal

Trump last week said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time

Coronavirus impact: Brent crude dives over 7% to lowest since 2003

As global oil demand plummets, Saudi Arabia is struggling to find customers for its extra oil, undermining its bid to seize market share by expanding production

Oil posts biggest weekly losses since 2008, hit by virus and price war

The rare combination of severe shocks to both supply and demand has caused the crude market to collapse

Oil prices jump 8% on stimulus hopes, spending cuts by US producers

US shale producers, including Occidental Petroleum Corp , deepened spending cuts that could reduce production

Aramco to boost crude supply to 12.3 mn bpd, escalate price war with Russia

The world's biggest crude exporter has been pumping some 9.8 million bpd which means it will be adding at least 2.5 million bpd from April

Crude oil prices jump 10% after biggest rout in 30 years on stimulus hopes

Brent crude futures were up $3.36, nearly 10%, to $37.72 a barrel by 1041 GMT, after hitting a session high of $37.75 a barrel

Crude oil plunges 30% to $30 a barrel; $20 possible going ahead: Analysts

The failure of the Vienna talks added to increasing investor nervousness over the coronavirus epidemic that has dampened oil demand

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

Deal between Russia and OPEC shook on Friday when OPEC, led by Saudi Arabia, failed to reach agreement with the world's No. 2 oil producer Russia to deepen production cuts aimed at shoring up prices.

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

The battle ended when the Organization of the Petroleum Exporting Countries (OPEC) and Russia struck a deal to cut production

Oil futures skid to 12-year low as Russia-OPEC fail to reach deal in Vienna

The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a market that was already dragged down by fears over the economic damage from the spread of the coronavirus

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis

Russia and Kazakhstan, both members of the broader and informal group known as OPEC+, said they had not yet agreed to a deeper cut

Opec divided on how to combat coronavirus fallout, ministers to meet today

The splits on the way forward even within OPEC were on display on Wednesday as delegations arrived

Easing US-China tensions, OPEC's production cut may lift crude oil prices

The prolonged trade dispute has dampened oil demand and weighed on prices

Oil markets unbalanced despite additional OPEC cuts: International agency

The International Energy Agency said that most of that cut had already been implemented already

Oil prices slide for second straight day as US-China tariff deadline looms

Data released on Sunday showed exports from China in November fell 1.1% from a year earlier, confounding expectations for a 1% rise in a Reuters poll.

Oil prices set for weekly gain as Opec, allies agree to extend output cuts

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday

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.

Oil prices jump above $61 a barrel on talks of further OPEC supply cuts

On Friday Brent and US crude both fell on concerns that talks to end the trade war between the United States and China

Oil prices hold above $63 on US-China trade deal optimism, Opec meet

China and the United States had "constructive talks" on trade in a high-level call on Saturday

Opec expects oil demand to fall in 2020, may maintain supply curbs

OPEC and its partners have been limiting supply since 2017