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India

Alex Lawler

OPEC aims to extend oil output cuts through June, alarmed by China virus

4:24pm IST

LONDON/DUBAI OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of a new coronavirus, OPEC sources said.

OPEC aims to extend oil output cuts through June, alarmed by China virus

4:19pm IST

LONDON/DUBAI, Jan 28 OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of a new coronavirus, OPEC sources said.

OPEC December oil output slips as Nigeria, Iraq comply more

06 Jan 2020

LONDON OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found.

OPEC sees small 2020 oil deficit even before latest supply cut

11 Dec 2019

LONDON OPEC on Wednesday pointed to a small deficit in the oil market next year due to restraint by Saudi Arabia even before the latest supply pact with other producers takes effect, suggesting a tighter market than previously thought.

OPEC, allies agree to deepen oil output cuts

06 Dec 2019

VIENNA/LONDON Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March.

OPEC and allies prepare to deepen oil output cuts

05 Dec 2019

* OPEC+ seeks additional cuts of more than 400,000 bpd -sources

OPEC gearing up for deeper oil cuts, Russia yet to agree

04 Dec 2019

VIENNA OPEC is gearing up to deepen oil supply cuts later this week but still needs to strike an agreement with allies such as Russia on details of a deal to support prices and prevent a glut next year.

OPEC gearing up for deeper oil cuts, Russia yet to agree

04 Dec 2019

* Oil glut looming without cuts as U.S., Brazil, Norway pump more

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

02 Dec 2019

DUBAI/LONDON/MOSCOW OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.

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