Page 8 - Opec Output

Oil futures skid to 12-year low as Russia-OPEC fail to reach deal in Vienna

The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a market that was already dragged down by fears over the economic damage from the spread of the coronavirus

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

Opec divided on how to combat coronavirus fallout, ministers to meet today

The splits on the way forward even within OPEC were on display on Wednesday as delegations arrived

Easing US-China tensions, OPEC's production cut may lift crude oil prices

The prolonged trade dispute has dampened oil demand and weighed on prices

Oil markets unbalanced despite additional OPEC cuts: International agency

The International Energy Agency said that most of that cut had already been implemented already

Oil prices slide for second straight day as US-China tariff deadline looms

Data released on Sunday showed exports from China in November fell 1.1% from a year earlier, confounding expectations for a 1% rise in a Reuters poll.

Oil prices set for weekly gain as Opec, allies agree to extend output cuts

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday

OPEC, allies agree to deepen oil production cuts to prevent a global glut

Existing supply curbs of 1.2 million barrels per day, aimed at supporting oil prices and preventing a global glut, are set to expire in March.

Oil prices jump above $61 a barrel on talks of further OPEC supply cuts

On Friday Brent and US crude both fell on concerns that talks to end the trade war between the United States and China

Oil prices hold above $63 on US-China trade deal optimism, Opec meet

China and the United States had "constructive talks" on trade in a high-level call on Saturday

Opec expects oil demand to fall in 2020, may maintain supply curbs

OPEC and its partners have been limiting supply since 2017

Iran finds new oilfield with 53 billion barrels of crude: Hassan Rouhani

The field covers 2,400 square kilometres (926 square miles) and is located in Iran's southwestern province of Khuzestan, Rouhani said in a speech aired on state TV

Oil market outlook may have upside potential in 2020: OPEC chief

OPEC's Mohammad Barkindo said he was more optimistic about the market outlook for next year than he had been in October

Saudi Aramco, an oil giant: Key facts about world's most profitable company

The state-owned firm is the world's largest oil producer, pumping 10% of the world's supply, and the most profitable company with its half-year net profit rising 12% to $46.9 billion.

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

Deal to gradually boost Opec output 'inevitable', says Saudi Arabia

So far, Caracas & Tehran have been adamant that Opec doesn't need to boost production this year, and have warned against succumbing to pressure from Washington