Oil Supply Cut

• 

  Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024

  Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.

• 

  Saudi Aramco Discusses Possible Oil Supply Cuts For February: Report

  The potential supply cuts are aimed at meeting Saudi Arabia's commitment to cut production in a deal by the Organization of the Petroleum Exporting Countries to reduce global oversupply and prop up prices.

• 

  Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day

  Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.

• Top Oil Buyers Said to Seek More Saudi Crude Amid Disruption

  Scramble for shipments comes just as the U.S. tightens its squeeze on Iranian flows, with sanctions waivers for several buyers.

• OPEC+ Affirms Commitment to Oil Cuts, Defers Decision to Extend

  OPEC+ agreed to go beyond their pledged supply curbs in the coming months.

• Oil Slumps to First Annual Loss Since 2015 to End Turbulent Year

  Oil capped its worst annual showing since 2015 as fears of scarcity turned into panic about a glut.

• Oil Slumps to First Annual Loss Since 2015 to End Turbulent Year

  Oil capped its worst annual showing since 2015 as fears of scarcity turned into panic about a glut.

• Brent Crude Closes Below $55 as Fed Hike Sends Markets Tumbling

  Oil dipped below $55 a barrel in London after the U.S. Fed raised interest rates, stoking fears over economic growth.

• No More Drama: Commodities Investors Seek a Return to Fundamentals

  Much depends on if and when Trump’s trade war with China ends.

• OPEC Cut Throws Wrench Into Record Short-Selling Streak for Oil

  Hedge funds increased wagers against rising Brent crude prices for a 10th straight week in the period that ended last Tuesday.

• Crude Gains Most in Two Months on Optimism Over End to Oil Glut

  Futures in New York halted a decline after slumping 7.7 percent to the lowest level in more than a year on Friday.

• Trump Presses Saudi Arabia Over Oil as Relations Fray Further

  Trump, facing pressure after losses in elections, is eager to tamp down threats to the economy, including higher gas prices.

• U.S. Stocks Decline on Tech Woes; Dollar Rallies: Markets Wrap

  All you need to know about what’s moving markets today.  

• Oil Continues Record Slide Despite Saudi Talk of Supply Cuts

  Saudis to cut December sales; OPEC+ may need “new strategies”.

• If OPEC Thought Its Job Was Done, 2019 Will Be a Nasty Shock

  Producers face a supply glut, despite the return of sanctions against Iran.