Minimal oil price gains on Monday show record output cuts by giant producers will still leave them with a mountain to climb to restore market balance, industry watchers said, with Continue Reading
Mexico has plans to boost crude oil production Agreement must be unanimously approved, Saudis say Trump in call with King Salman, Putin on oil cut deal The OPEC+ alliance’s 10 Continue Reading
Alaska North Slope crude values dropped sharply, reaching fresh lows this week as trading for June cargoes started. Alaskan North Slope crude for June delivery to the US West Coast Continue Reading
The world’s largest oil producers moved closer to an unprecedented deal to ratchet back production and rescue crude markets from a pandemic-driven collapse, after Russia signaled it’s ready to make Continue Reading
Oil rose for a second day as the world’s top producers moved closer to a deal to curb output in an attempt to tackle the unparalleled impact of the coronavirus on Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Thursday on hopes of a production cut emerging from the OPEC+ webinar meeting slated for later in the day, which Continue Reading
Oil prices rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a Continue Reading
Crude futures settled higher Wednesday on optimism that Thursday’s OPEC+ meeting would yield a production cut agreement. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE Continue Reading
Russia has rejected suggestions that a market-driven fall in oil production from US shale producers could count towards the country’s share of a potential global crude reduction deal, dampening hopes Continue Reading
Crude futures were higher in mid-morning trade in Asia Wednesday after plunging overnight as a jittery market awaited the OPEC+ meeting on Thursday and G20 meeting on Friday for cues. Continue Reading
