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    OPEC+ meets to decide on oil cuts easing

    15 Jul 2020

    The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting output since May by 9.7 million barrels per day, or 10% of global supply, after the virus destroyed a third of global demand.

    Oil slips as traders expect OPEC+ to ease supply cuts

    13 Jul 2020

    Brent crude fell 29 cents, or 0.7%, to $42.95 a barrel by 0510 GMT while U.S. West Texas Intermediate crude was at $40.25 a barrel, down 30 cents, or 0.7%.

    Oil prices fall after OPEC+ agrees to ease output curbs

    16 Jul 2020

    Brent crude fell 35 cents, or 0.8%, to $43.44 a barrel while West Texas Intermediate (WTI) crude was down 49 cents, or 1.2%, to $40.47 per barrel.

    Oil, stocks recover on stimulus hopes, Russia signals Opec talks

    10 Mar 2020

    Oil prices jumped by around 8% on Tuesday a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with Opec remained possible.

    Saudi Aramco to raise output capacity to 13m barrels per day

    11 Mar 2020

    Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said

    Oil rises as Opec, allies work on big output cut

    04 Mar 2020

    Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting

    Opec backs biggest oil cut since 2008 crisis, awaits Russia’s nod

    05 Mar 2020

    Opec agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak, but made its action conditional on Russia and others joining in.

    Oil drops after OPEC predicts weaker demand but US inventory data limits decline

    13 Aug 2020

    Brent crude was down 26 cents or 0.6% at $45.17 a barrel by 0647 GMT, after a gain of around 2% in the previous session. West Texas Intermediate oil also lost 0.6%, a 25 cent decline to $42.42 a barrel which followed a climb of 2.6% on Wednesday.

    Oil gains, heading for weekly rise amid hopes for fuel demand recovery

    14 Aug 2020

    Brent crude was up 14 cents, or 0.3%, at $45.10 by 0550 GMT, heading for a gain of about 1.6% this week. West Texas Intermediate had gained 11 cents, or 0.3%, to $42.35. The US benchmark is heading for a gain of nearly 3% this week.

    Oil slips as demand worries outweigh US stocks draw

    19 Aug 2020

    Brent crude futures fell 40 cents, or 0.9%, to $45.06 a barrel by 0701 GMT, having edged up 9 cents on Tuesday. US West Texas Intermediate (WTI) crude futures were down 34 cents, or 0.8%, at $42.55 a barrel, having ended unchanged the previous day.

    101 Results