Tag: OPEC

Oil slips further below $59 on weaker economic outlook

The global benchmark, slipped 16 cents to $58.58 a barrel by 0850 GMT. OPEC, Russia and other producers have a deal to cut oil...

Oil prices fall nearly 2pc on China data, trade war jitters

"The oil market saw sharp losses as the first steps taken by the U.S. and China were seen with caution" The U.S.-China trade dispute...

Russia says no talks underway to change oil output deal

The deal between OPEC, Russia and other non-OPEC producers calls for reducing output by 1.2 million barrels per day until March 2020. OPEC member...

Oil falls due to caution over first phase of U.S.-China trade deal

The oil market is taking a cautious stance as to what comes next given that the thorny issues of industrial policy. The compliance of...

OPEC oil production drops after attacks on Saudi installations

The OPEC oil cartel saw its crude production fall in September. The Organization for the Petroleum Exporting Countries said its production fell to an...

Oil prices dip on wilting hopes for U.S.-China trade deal

OPEC member Venezuela will also increase its exports despite U.S. economic sanctions that have curtailed shipments. The Organization of the Petroleum Exporting Countries (OPEC)...

Nigeria lands higher oil output target in OPEC+ cut deal

The country's allocation was increased to 1.774 million barrels per day (bpd) from 1.685 million bpd at the last OPEC meeting in July. OPEC...

Oil falls a third day as U.S.-China trade tensions may limit demand

Brent crude futures fell 12 cents, or 0.2pc, to $58.12 a barrel by 0656 GMT. U.S. industry data showing a bigger-than-expected rise in stockpiles...

Oil climbs on Iraq and Ecuador unrest, regional tensions

"Oil prices could be in for a sustained rally if the (U.S.) tariffs were to be put on hold indefinitely, which could see some...

Oil prices up as U.S.-China trade talks loom, supply issues mount

Oil prices were up on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters. ...