OPEC, Allied Nations Extend Nearly 10M Barrel Cut by a Month
It represents some 10% of the world’s overall supply.
OPEC
Oil-Producing Nations Seek Global Deal to Stabilize Market
The Russian government says it expects the United States to also cut production.
US Seeks $3 Billion to Boost Oil Producers as Prices Plunge
The administration must overcome opposition from some Democratic lawmakers.
Saudi Arabia Increases Oil Output to Record High
The company said the increase would start on April 1.
OPEC Calls for Big Production Cut, But Will Russia Agree?
The ministers will meet with OPEC ally Russia on Friday.
OPEC Countries, Russia to Cut Oil Output, Pushing up Prices
Friday's decision came after long talks at the OPEC headquarters in Vienna.
Oil Prices Up, Wyoming Gasoline Down
Oil prices have gained some ground, but Wyoming gas prices are slightly down.
OPEC Top Official Sees $110 A Barrel As Fair
VIENNA (AP) — OPEC's secretary general says oil prices could rise by about $25 from their present levels without threatening the world economy.
Crude prices have dropped steeply in recent months with the U.S. benchmark selling Friday at just below $85 a barrel...
Oil Searches For Direction As OPEC Meets
The price of oil is struggling for direction as OPEC ministers debate how much oil to produce while global economic growth is slowing.
Benchmark crude rose 10 cents to $82.72 per barrel Thursday in New York. Brent crude fell 24 cents to $96...
Oil Rises Ahead Of Key OPEC Meeting
The price of oil is rising ahead of a key OPEC meeting in Vienna.
Benchmark oil increased 64 cents to $83.34 per barrel Tuesday in New York. Brent crude fell 50 cents to $97.50 in London.
When the Organization of Petroleum Exporting Countries meets Thursday, members such as Iran and Venezuela will likely push for a cut in production at a time when demand has weakened and supplies are ample...
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