News Articles on oil-output

Over a barrel, Biden faces tough options with Saudis

Shaun Tandon and Leon Bruneau, Agence France-Presse
Posted at Oct 17 09:38 AM

US president Joe Biden has vowed consequences for Saudi Arabia over its explosive slash in oil output. Read more »

Agence France-Presse
Posted at Oct 06 08:42 AM

Oil prices climbed Wednesday as OPEC and its Russia-led allies announced a major cut in output, while a stocks rally ran out of gas. Read more »

OPEC+ agrees major oil output cut; Biden 'disappointed'

Kiyoko Metzler, Agence France-Presse
Posted at Oct 06 01:17 AM

The 13-nation OPEC cartel and its 10 Russian-led allies agreed to reduce two million barrels per day from November, the group said in a statement. Read more »

OPEC+ expected to slash oil output

Kiyoko Metzler, Agence France-Presse
Updated as of Oct 05 12:53 PM

Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices. Read more »

Oil surges as reports say OPEC considering output cut

Agence France-Presse
Posted at Oct 03 04:48 PM

Oil prices jumped more than four percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. Read more »

Top oil producers agree on modest output boost from August

Julia Zappei, Agence France-Presse
Posted at Jul 19 09:02 AM

The world's leading oil producers agreed on Sunday to continue to modestly boost output from August reaching a compromise after the United Arab Emirates blocked a deal earlier this month. Read more »

Virus deaths approach 400,000 as oil producers extend output cuts

Agence France-Presse bureaus
Posted at Jun 07 07:45 AM

The global death toll from the coronavirus neared 400,000 on Saturday with fatalities accelerating in Latin America, as oil-producing countries agreed to extend output cuts to offset a collapse in prices caused by the pandemic and lockdowns. Read more »

Saudi to cut oil output by another 1 million barrels a day

Reuters
Posted at May 11 09:46 PM

Saudi Arabia said Monday it had asked oil giant Aramco to cut an additional one million barrels per day from June, to support prices that have crashed during the coronavirus crisis. Read more »

Oil, equities slip as OPEC+ cut fails to lift confidence

Hideyuki Sano, Reuters
Posted at Apr 13 08:40 AM

Oil prices and US stock futures dipped in early Monday trade as a landmark agreement by OPEC and its allies to slash output by a record amount failed to give investors any cause for lasting optimism about the economic outlook. Read more »

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