Tag Archives: OPEC

[ad_1] NEW YORK (Reuters) – Oil rose nearly 2 percent on Wednesday, after offsetting some of the massive sales from the previous session, on the growing prospect of a reduction in production …

[ad_1] The commodities chief at Goldman Sachs says the oil market sell-off is likely nearing its end and forecasts Brent crude will soon return to $75 a barrel.

[ad_1] NEW YORK (Reuters) – Oil edged up about 2 percent on Wednesday after partially offsetting strong sales in the previous session, against a backdrop of the ever-shrinking output of OPEC and …

[ad_1] DUBAI / LONDON (Reuters) – OPEC and partners are discussing a proposal to cut oil production by 1.4 million barrels a day, according to three sources close to the subject, although …

[ad_1] DUBAI / LONDON (Reuters) – OPEC and its partners are discussing a proposal to cut oil output by 1.4 million barrels per day (bpd) for 2019, price-sapping oversupply. FILE PHOTO: The …

[ad_1] LONDON (Reuters) – Oil climbed Wednesday, recovering some of the slippage from the previous session, on the growing prospect of a reduction in OPEC production and allied producers at a major …

[ad_1] News and research before you hear CNBC and others. Claim your 2-week free trial StreetInsider Premium here. By Christopher Johnson LONDON (Reuters) – President Donald Trump put the pressure on the …

[ad_1] Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S. President Donald Trump put pressure on OPEC not …

[ad_1] ABU DHABI – Oil prices skyrocketed on Monday morning after weeks of losses that had wiped out all of the crude gains for 2018, as OPEC and its allies signaled their …

[ad_1] Oil prices rose about 1% on Monday after Saudi Arabia, the main exporter, announced a cut in its offer for December, seen as a way to end the market slump that …