Russia to speed up output cuts as Saudis lament pace
Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.
OPEC
Opec and allies plan quotas review and ministers’ meeting in Spring
OPEC and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organisation’s top official.
Oil surrenders ground as uncertainty over Opec cuts persists
Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC output will need to be cut to counter booming U.S. shale supplies.
Eni, Oman call bottom for oil at $60
Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.
‘More oil price upside than downside in the near term,’ observers say
Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
Oil cools off after bull run on OPEC and trade
Oil’s taking a breather after bursting into a bull market on growing optimism over OPEC cuts, U.S.-China trade talks and the Federal Reserve’s interest rate policy.
Opec cuts still garner support despite oil price drop
Given oil’s plummet at the end of last year, OPEC’s strategy to stabilize the market might look a bust. But where it matters most for the cartel’s members -- petroleum revenues -- it’s still a winner.
Goldman cuts oil price forecasts, citing US shale resilience
Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus of oil and resilient U.S. shale production.
Oil on track for biggest weekly rise in 18 months
Brent crude headed for its biggest weekly gain since July 2017 as OPEC’s production cuts outweighed concerns over the health of the global economy.
Chinese growth fears throw oil gains into reverse
Oil retreated from a two-week high as risk appetite faltered after a revival of investor fears over the health of the global economy.
Oil rallies as Saudi exports cut, US equities make up ground
Oil prices rallied on the first trading day of 2019 as U.S. equities recovered from early losses and amid signs that Middle Eastern producers were fulfilling a pledge to cut exports.
No end to oil price volatility as supply, economic fears persist
Oil’s beginning 2019 with the same price volatility that marked the end of last year, as uncertainty over crude output and the health of the global economy keep investors wary.
Updated: Oil on course for first annual decline since 2015
Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus.
Biggest rebound in two years for oil price
Oil held its biggest gain in two years, after being swept up in a rebound across risk assets spurred by optimism about the global economy.
OPEC is in `whatever it takes’ moment to prop up oil prices
OPEC hasn’t even started implementing its new six-month agreement to cut output, and already members responsible for most of the reductions have pledged to extend or even deepen it.
Opec’s new deal will struggle to live up to 2016 version
OPEC’s bold strategy to revive oil markets proved a surprise success last year, but the sequel they’ve unveiled for 2019 is getting a cooler reception.
Expect oil price slide to halt as Opec cuts kick in, analyst says
Oil prices will stabilise over the coming weeks as cuts agreed by OPEC kick in, an analyst has said.
Qatar acquires Mexican acreage after OPEC split
Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.
Oil tanker firms shift to shale as OPEC cuts loom
America’s shale boom could be about to spare the world’s oil tanker owners from a typical OPEC ravaging.
Oil rises as supplies reduced by OPEC, Libya field halt
Oil rose on renewed optimism that production cuts announced by the OPEC+ coalition will rebalance the market, while a giant Libyan field remained shut and U.S. inventories were estimated to have shrunk.
Oil unlikely to go above $70 through 2020, says Moody’s
Brent crude is unlikely to go above $70 a barrel through 2020, according to US credit rating agency and financial analyst Moody’s.
Oil holds drop on doubts over OPEC curbs and US supply threat
Oil held its biggest loss in two weeks as uncertainty over how the OPEC+ coalition will implement its output cuts and the prospect of surging U.S. supplies kept investors wary.
OPEC output reduction surprises short-sell market
OPEC’s surprise output reduction has wrong-footed short-sellers.
OPEC+ cuts branded a ‘fudge’ by analyst
Production cuts of 1.2 million barrels a day agreed by Opec and its allies fall short of what was needed to rebalance the market, an analyst has said.
FTSE 100 boosted by oil price rise after ‘dreadful’ week
Top-flight stocks in London were boosted by rising oil prices in Friday trading, but observers said a recovery could not make up for the "dreadful" week on the markets.