Page 4 - Opec Oil Cuts
Oil hits 2019 high near $64 on Venezuela sanctions, OPEC
US sanctions on Venezuela will limit oil transactions between Venezuela and other countries and are similar to those imposed on Iran last year
 "Oil hits 2019 high near $64 on Venezuela sanctions, OPEC")
Had cut oil output supply before new accord to avert glut in 2019: Opec
The reduction in December means that should OPEC fully implement the new January 1 cut, it will avoid a surplus that could weaken prices
 "Had cut oil output supply before new accord to avert glut in 2019: Opec")
Opec rationing a cause of concern for India, says Dharmendra Pradhan
The oil cartel has decided to cut production by close to 1.2 million barrels per day (mbpd) following a drop in international crude oil prices in the last one month
 "Opec rationing a cause of concern for India, says Dharmendra Pradhan")
Opec, allies agree on larger-than-expected cut after marathon talks
Crude surged as much as 5.4% in London, raising the risk that the deal could anger US President Trump, who had urged the group to keep the taps open and prices low
 "Opec, allies agree on larger-than-expected cut after marathon talks")
No agreement on Opec oil output deal yet over exemptions for Iran: Report
Opec failed to agree on concrete parameters for a deal to restrict output on Thursday
 "No agreement on Opec oil output deal yet over exemptions for Iran: Report")
Opec will struggle to muster friends to extend output cuts in 2019
Below is a round-up of each country's position and an assessment of its likely willingness to make further cuts for next year
 "Opec will struggle to muster friends to extend output cuts in 2019")
If Opec thinks it has done its job with output cuts, 2019 will be a shock
If the group doesn't alter its current track, global oil stockpiles are set to rise by around 1.8 mn barrels a day in the first quarter of 2019 and to continue building throughout the year
Opec, allies to announce exit strategy from oil cuts in June: UAE
The UAE holds the presidency of the 14-nation Organization of the Petroleum Exporting Countries in 2018
Opec expects to stick to cuts in second half of 2018: Saudi energy minister
Under the current deal, OPEC, Russia and other producers are cutting supply by about 1.8 million bpd in an effort to drain global inventories and boost oil prices.
 "Opec expects to stick to cuts in second half of 2018: Saudi energy minister")
Opec decides to extend oil production cut for next nine months
Two OPEC delegates told Reuters the group had agreed to extend the cuts by nine months until the end of 2018, as largely anticipated by the market.
 "Opec decides to extend oil production cut for next nine months")
