Page 3 - Opec Oil Cuts

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis

Russia and Kazakhstan, both members of the broader and informal group known as OPEC+, said they had not yet agreed to a deeper cut

Oil price rises on hopes of OPEC cut extension, US-China trade talks

The Wall Street Journal also reported on Thursday that China had invited top U.S. trade negotiators for a new round of talks in Beijing, citing unnamed sources.

Oil prices rise on expectations of more output cuts by Opec amid trade row

International benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement

Putin says Russia and Saudi Arabia will maintain oil cuts for 6-9 months

The current version of the deal by the so-called Opec+ coalition calls for production cuts of 1.2 million barrels a day

UAE to continue oil supply cuts till market is re-balanced: Energy minister

Opec along with major non-Opec producers such as Russia have pledged to reduce their oil production to cut into a supply glut

OPEC revises down forecast for 2019 crude oil demand on global slowdown

OPEC said demand for its crude would fall to 30.59 million barrels per day, 240,000 bpd less than predicted last month

Oil hits 2019 high near $64 on Venezuela sanctions, OPEC

US sanctions on Venezuela will limit oil transactions between Venezuela and other countries and are similar to those imposed on Iran last year

Had cut oil output supply before new accord to avert glut in 2019: Opec

The reduction in December means that should OPEC fully implement the new January 1 cut, it will avoid a surplus that could weaken prices

Opec rationing a cause of concern for India, says Dharmendra Pradhan

The oil cartel has decided to cut production by close to 1.2 million barrels per day (mbpd) following a drop in international crude oil prices in the last one month

Opec, allies agree on larger-than-expected cut after marathon talks

Crude surged as much as 5.4% in London, raising the risk that the deal could anger US President Trump, who had urged the group to keep the taps open and prices low

No agreement on Opec oil output deal yet over exemptions for Iran: Report

Opec failed to agree on concrete parameters for a deal to restrict output on Thursday

Opec will struggle to muster friends to extend output cuts in 2019

Below is a round-up of each country's position and an assessment of its likely willingness to make further cuts for next year

If Opec thinks it has done its job with output cuts, 2019 will be a shock

If the group doesn't alter its current track, global oil stockpiles are set to rise by around 1.8 mn barrels a day in the first quarter of 2019 and to continue building throughout the year

Opec, allies to announce exit strategy from oil cuts in June: UAE

The UAE holds the presidency of the 14-nation Organization of the Petroleum Exporting Countries in 2018

Opec expects to stick to cuts in second half of 2018: Saudi energy minister

Under the current deal, OPEC, Russia and other producers are cutting supply by about 1.8 million bpd in an effort to drain global inventories and boost oil prices.

Opec decides to extend oil production cut for next nine months

Two OPEC delegates told Reuters the group had agreed to extend the cuts by nine months until the end of 2018, as largely anticipated by the market.