oil cuts
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Russians, Saudis Agree to Maintain Oil Cuts for 9 Months
EghtesadOnline: Russian President Vladimir Putin said he agreed with Saudi Crown Prince Mohammed bin Salman to extend the OPEC+ deal at current production levels for the rest of this year and…
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OPEC+ Oil Cuts Jeopardized by Iran Waiver Termination
EghtesadOnline: As the US ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.
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OPEC Approaches Meeting Without Clear Plan on How to Extend Cuts
EghtesadOnline: Fifteen days from now, nations that pump more than half the world’s oil gather in Vienna to discuss extending the production cuts that helped lift prices to two-year highs. The…
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OPEC Reaffirms Iran's Pledge to Supply Cuts
EghtesadOnline: Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
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OPEC Head Says Oil Cuts ‘Only Viable Option’ to Stabilize Market
EghtesadOnline: The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said.
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Saudi, Iraq Oil Ministers Agree to Stronger Oil-Cuts Commitment
EghtesadOnline: OPEC’s two biggest producers agreed to strengthen their commitment to production cuts and maintain balance in world crude markets, Saudi Energy Minister Khalid Al-Falih said after…
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Kuwaiti oil minister says further production cuts are possible
EghtesadOnline: Kuwait's oil minister Essam al-Marzouq said on Saturday that compliance with oil production cuts by OPEC and non-OPEC countries is good and that deeper cuts are possible.
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OPEC Crude Production Rises Led by Countries Exempt From Cuts
EghtesadOnline: OPEC crude production rose in May led by gains from Libya and Nigeria, countries that are exempt from the deal to cut output in a bid to revive oil prices.