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Tag Archives: Organization of the Petroleum Exporting Countries

Oil prices recover on lower output from US, Russia, OPEC

1 October 2019, 12:04 PM

Oil prices rebounded on Tuesday on reports that output from the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains.

Oil facilities are seen on Lake Maracaibo in Cabimas.

Oil prices hover near January lows amid surging supply

6 June 2019, 6:40 AM

Oil prices steadied on Thursday after falling to near 5-month lows in the previous session.

An oil well pump jack is seen at an oil field supply yard near Denver, Colorado.

Oil prices stable amid OPEC supply cuts, but US-China trade war drags

27 May 2019, 6:15 AM

A group of producers led by the OPEC, known as OPEC+, has been withholding oil supply since the start of the year to tighten the market and prop up prices.

Oil prices rise by more than 1 pct after Saudis announce Dec supply cut

12 November 2018, 7:46 AM

Oil prices rose by more than one percent on Monday after top exporter Saudi Arabia announced a December supply cut, a measure likely aimed at halting a market slump that has seen crude decline by 20 percent since early October.

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