OPEC
Oil hits 11-month high near $57 as Saudi supply cut supportsBrent crude was up 59 cents, or 1.1%, at $56.25 a barrel by 1440 GMT after touching its highest since last February at $56.75. U.S. West Te...
- Crude oil soars to 11-month high, registers 8% weekly gain on Saudi production cut
Saudi Arabia this week pledged extra, voluntary oil output cuts of 1 million barrels per day (bpd) in February and March as part of a deal ...
- Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS
With Saudi Arabia's move, OPEC's production increase of 0.5 million barrels per day (bpd) for January is reversed in full, which will resul...
- Saudis take charge of oil market with surprise production cut
The move papered over cracks in the OPEC+ coalition and was a U-turn from some recent Saudi oil-policy priorities, but those things paled i...
- Brent oil rises to highest since February after Saudi Arabia output cut
Brent crude rose as much as 0.6 per cent to $53.94 a barrel, the highest since Feb. 26, 2020. It was at $53.79 a barrel at 0147 GMT and gai...
- Saudi offers extra oil output cut as part of OPEC+ deal: Sources
Two OPEC sources said Saudi Arabia made the offer on Tuesday at a meeting of OPEC+, which combines OPEC producers and others including Russ...
- Oil prices jump 4% on OPEC+ output talks, Iran tension
Brent crude futures rose $2.15, or 4.2%, to $53.24 a barrel by 11:10 a.m. EST (1610 GMT). U.S. West Texas Intermediate crude rose $2.27, or...
- Oil little changed as investors await OPEC+ decision
Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February ...
- Oil prices touch multi-month highs as OPEC+ expected to cap output
Prices rose in line with broader financial markets with Brent crude futures reaching $53.33 a barrel, the highest since March 2020. U.S. We...
- Most OPEC+ producers oppose Feb output increase -sources
OPEC+, which groups OPEC and other producers including Russia, meet on Monday, a day after OPEC Secretary General Mohammad Barkindo warned ...
- Oil prices touch multi-month highs as OPEC+ expected to cap output
Prices rose in line with broader financial markets with Brent crude futures reaching $53.17 a barrel, the highest since March 2020. U.S. We...
- Oil prices slip after OPEC warns of downside risks to demand in first-half 2021
Brent crude for March was at $51.76 a barrel, down 4 cents or 0.08%, by 0038 GMT while U.S. West Texas Intermediate crude for February fell...
- OPEC+ emerges from chaos of 2020 to face delicate balancing act
Whatever they ultimately decide, the Organization of Petroleum Exporting Countries and its partners are leaving nothing to chance.
- New year OPEC+ meeting to decide production levels
The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia ...
- OPEC plus needed a SWAT team, it got 23 battalions
The group, which includes Saudi Arabia, Russia, Iraq and the United Arab Emirates, agreed to raise its collective output by 500,000 barrels...
- OPEC+ working on compromise for 2021 oil policy, sources say
The Organization of the Petroleum Exporting Countries, Russia and allies, a group known as OPEC+, had previously been expected to extend ex...
- Oil prices inch down as OPEC and allies seek consensus on output
Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44.98.
- Oil ticks up as OPEC, allies delay output deal meeting
Brent crude was up 31 cents at $48.19 a barrel by 0847 GMT. West Texas Intermediate was up 28 cents at $45.62.
- Could OPEC's house of cards collapse?
Tensions are emerging over what to do about output targets, which are set to be eased from the beginning of next year.
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