OPEC Production Cut

• OPEC, Russia expected to cut oil production despite pressure from Trump

  OPEC's de facto leader, Saudi Arabia, has indicated a need for steep oil output reductions beginning in January, fearing a glut.

  World

  Dec 5, 2018
  
• OPEC tries to boost oil prices by extending production cuts through 2018

  The crude output cuts are intended to keep supplies tight and bolster prices.

  World

  Nov 30, 2017
  
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• Oil prices rise amid talk of limiting production through 2018

  Oil prices lifted on the announcement that Russia and Saudi Arabia want to extend oil production cuts through the first quarter of 2018.

  Economy

  May 15, 2017
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• Oil prices rise as OPEC production cut trims supply

  Oil prices are 23 per cent higher than they were at the end of November.

  Economy

  Mar 1, 2017
• Oil prices tick up on optimism over OPEC supply cut pact

  Saudi Energy Minister Khalid al-Falih said he was optimistic OPEC would formalize a preliminary oil output deal reached in Algeria in September.

  Consumer

  Nov 17, 2016
• Oil on mark for biggest weekly loss since January as tensions rise over OPEC supply cut pact

  Traders also noted a surge in U.S. crude inventories last week and muted demand continued to weigh on futures.

  Money

  Nov 4, 2016
• Oil hits 1-month low on concerns OPEC won’t go ahead with planned production cut

  Officials from the Organization of the Petroleum Exporting Countries approved the document on Monday in a sign its members are achieving a consensus on managing production.

  Consumer

  Oct 31, 2016