Morgan Stanley cuts long-term Brent price view after OPEC supply cuts
(Reuters) – Morgan Stanley lowered its long-term Brent price forecast on Tuesday and said the oil market is broadly balanced […]
OPEC extends oil cut to prop up prices as economy weakens
VIENNA (Reuters) – OPEC agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as […]
Oil prices rise more than 1% after Russia agrees to extend OPEC+ deal
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture […]
OPEC set for oil cut extension if Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts next week at least until the […]
Russia agrees with Saudi to extend OPEC deal by 6-9 months: Putin
Russia’s President Vladimir Putin shakes hands with Saudi Arabia’s Crown Prince Mohammed bin Salman during a meeting on the sidelines […]
Iran has no plans to leave OPEC despite tensions: oil minister
FILE PHOTO: Iran’s Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, […]
Oil slips to $71, hit by talk of higher OPEC+ production
LONDON/SINGAPORE (Reuters) – Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories […]
Oil hits highest since November 2018 amid OPEC cuts, U.S. sanctions
SINGAPORE (Reuters) – Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing […]
Oil near 2019 highs amid OPEC cuts, U.S. sanctions
SINGAPORE (Reuters) – Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club […]
Oil up nearly 2 percent on Saudi and OPEC cuts
LONDON (Reuters) – Oil prices gained nearly 2 percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said […]