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Page 2 - Opec Supply Cut

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut
Updated On : 10 Aug 2020 | 10:37 AM IST

Oil prices fall on US inventory build, increasing coronavirus fears

Industry group American Petroleum Institute (API) reported US crude inventories rose last week by 7.5 million barrels compared with expectations for a draw of 2.1 million

Oil prices fall on US inventory build, increasing coronavirus fears
Updated On : 22 Jul 2020 | 8:53 AM IST

Oil prices rise after sharp drop in US crude stock, focus on OPEC meeting

Brent crude futures were up 10 cents, or 0.2%, at $43 a barrel as of 0049 GMT, and US West Texas Intermediate (WTI) crudefutures rose 14 cents, or 0.4%, to $40.43 a barrel

Oil prices rise after sharp drop in US crude stock, focus on OPEC meeting
Updated On : 15 Jul 2020 | 8:58 AM IST

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while US West Texas Intermediate crude was at $40.27 a barrel, down 28 cents

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet
Updated On : 13 Jul 2020 | 8:48 AM IST

OPEC, Russia to extend record oil cuts until end of July: Draft deal

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

OPEC, Russia to extend record oil cuts until end of July: Draft deal
Updated On : 06 Jun 2020 | 8:41 PM IST

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs

US West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid-March

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs
Updated On : 18 May 2020 | 5:48 PM IST

OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand

The oil market was dealt a heavy blow by the freefall in demand due to the coronavirus pandemic

OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand
Updated On : 04 Apr 2020 | 7:32 AM IST

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

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis
Updated On : 06 Mar 2020 | 2:18 AM IST

Oil prices surge on expectation of deeper production cuts by Opec

Next year, rising production in other non-OPEC countries such as Brazil and Norway threatens to add to the glut

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Updated On : 05 Dec 2019 | 8:58 PM IST

Opec, allies set to agree to extend oil production cuts until end of 2018

Russia has expressed concerns that such an extension could prompt a spike in crude production in the US

Opec, allies set to agree to extend oil production cuts until end of 2018
Updated On : 01 Dec 2017 | 2:23 AM IST