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Tag Archives: OPEC+ oil production cuts

Oil industry paints grimmer picture of pandemic’s harm to demand

Oil worker. Pipes

REUTERS, SEPTEMBER 14, 2020 SINGAPORE/LONDON/NEW YORK (Reuters) – Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption …

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SPECIAL REPORT – Trump told Saudis: Cut oil supply or lose U.S. military support

President Donald Trump speaks with Saudi Arabia's Crown Prince Mohammed bin Salman

REUTERS, APRIL 30, 2020 The threat to upend a 75-year strategic alliance central to the U.S. pressure campaign that led to a landmark global deal to slash oil supply. | “We are defending your industry while you’re destroying ours.” WASHINGTON/LONDON/DUBAI (Reuters) – As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump …

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Saudi, Russia closing in on record oil cut deal

Oil well Showing results for silhouette Search instead for silhoutted Search Results Web results silhouetted in the night sky

REUTERS, APRIL 9, 2020 DUBAI/MOSCOW/LONDON (Reuters) – OPEC and its allies held talks on Thursday on record oil output curbs of 15 million to 20 million barrels per day (bpd), or 15% to 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said. They said the cuts included contributions of up to 5 …

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OPEC+ meeting delayed as Saudi Arabia and Russia argue over oil price collapse

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia's Energy Minister Alexander Novak are seen at the beginning of an OPEC and Non-OPEC meeting in Vienna

REUTERS, APRIL 4, 2020 DUBAI/MOSCOW (Reuters) – OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from U.S. President Donald Trump for the Organization of …

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“FALSE,” says Kremlin as it calls out Trump. “No oil production cuts agreed”

PHOTO: Kremlin Spokesman Dmitry Peskov seen here with Russia President Putin

PortandTerminal.com, April 2, 2020 Russia: Oil Producing Countries Not Discussing Any New Deal  WASHINGTON – President Trump on Thursday said he had spoken to Saudi crown prince Mohammed bin Salman (MBS). The President said via Tweet that the Saudi Prince had been in contact with Russian President Putin to discuss oil production cutbacks. Just spoke to my friend MBS (Crown …

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