HEADLINES:

BUSINESS

Saudi, Russia outline record oil cut under US pressure as demand crashes

OPEC, Russia and other allies outlined plans on Thursday (April 9) to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to


Share Twitter Facebook

Saudi, Russia move closer to record oil cut deal: sources

OPEC and other oil nations held talks on Thursday (April 9) on a record global production cut of up to 20 million barrels per day, equal to about 20% of global supplies, to support prices hammered by


Share Twitter Facebook

Russia, Saudi to debate oil output cuts as US resists joining

OPEC and Russia meet on Thursday (April 9) to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronavirus pandemic have been complicated by m


Share Twitter Facebook

Crude oil prices (April 8)

Crude oil prices were down on Wednesday (April 8), Compared with the previous day.


Share Twitter Facebook

US pushes back on call by OPEC+ to join big oil output cuts

Saudi Arabia, Russia, and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices t


Share Twitter Facebook

Crude oil prices (April 7)

Crude oil prices were stable on Tuesday (April 7), Compared with the previous day.


Share Twitter Facebook

Trump says OPEC has not asked him for a US oil production cut

President Donald Trump said on Monday (April 6) that OPEC had not pressed him to ask US oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout


Share Twitter Facebook

Russia and Saudi 'very close' to oil deal, Moscow envoy says

Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian oil negotiator said on Monday (April 6), but details such as how to share out production curbs rem


Share Twitter Facebook

Crude oil prices (April 5)

Crude oil prices were stable on Sunday (April 5) compared with the previous day.


Share Twitter Facebook

Crude oil prices (April 4)

Crude oil prices were up on Saturday (April 4), Compared with the previous day.


Share Twitter Facebook

OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse

OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging


Share Twitter Facebook

OPEC+ debates biggest-ever oil cut as pandemic crushes demand

OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said, after the US president called on producers to stop the


Share Twitter Facebook

Crude oil prices (April 3)

Crude oil prices were up on Friday (April 3), Compared with the previous day.


Share Twitter Facebook

Brent crude rises above $32 on hopes of oil output deal

Benchmark Brent crude oil futures rose as high as $33.37 a barrel on Friday (April 4) on rising hopes of a new global deal to cut global crude supply.


Share Twitter Facebook

Oil soars by most on record after Trump says Saudis and Russians to cut output

Oil prices soared over 30% - on track for the most in a day on record - following reports US President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil produc


Share Twitter Facebook

Crude oil prices (April 2)

Crude oil prices were up on Thursday (April 2), Compared with the previous day.


Share Twitter Facebook

Russia, US hold energy talks, as Trump complains about oil cheaper than water

US and Russian energy officials held rare talks about oil after crude prices crashed to levels last seen about two decades ago, while President Donald Trump said oil that was cheaper “than water” was


Share Twitter Facebook

Crude oil prices (April 1)

Crude oil prices were down on Wednesday (April 1), Compared with the previous day.


Share Twitter Facebook

OPEC rift widens as group fails to set date for emergency talks

A rift in the Organization of the Petroleum Exporting Countries (OPEC) has widened after members failed to agree unanimously on an emergency low-level meeting to discuss a market collapse that has see


Share Twitter Facebook

Oil to stay below $40 in 2020 on virus shock, OPEC+ deal collapse: Reuters

Oil prices will stay below $40 a barrel this year, as measures aimed at halting the rapid global spread of the coronavirus cripple demand and the collapse of an OPEC+ deal adds to a mounting supply gl


Share Twitter Facebook