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2020-05-29 Comments Off on OPEC delivers three quarters of record oil cut in May: survey

OPEC delivers three quarters of record oil cut in May: survey

LONDON (Reuters) – OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members

2020-04-09 Comments Off on Russia, Saudi to debate oil output cuts as U.S. resists joining

Russia, Saudi to debate oil output cuts as U.S. resists joining

DUBAI/MOSCOW/LONDON (Reuters) – OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their

2020-03-10 Comments Off on Saudi Arabia, Russia raise stakes in oil standoff

Saudi Arabia, Russia raise stakes in oil standoff

DUBAI/MOSCOW (Reuters) – Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising

2020-03-08 Comments Off on Saudis to raise oil output, beginning all-out price war amid coronavirus crisis

Saudis to raise oil output, beginning all-out price war amid coronavirus crisis

DUBAI (BLOOMBERG) – Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day,

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