Oil prices rise amid lower OPEC supply

NEW YORK, April 1 (Xinhua) -- Oil prices rose on Monday, as a latest survey showed the Organization of the Petroleum Exporting Countries (OPEC) lowered its daily production in March, easing concerns

OPEC, non-OPEC nations meet in Azerbaija...

OPEC and Non-OPEC countries held a ministerial panel here on Monday amid statements by senior officials that oil cuts will remain in place until June, the state-run news agency AZERTAC reported. The

Oil prices rise amid signals on output p...

NEW YORK, March 18 (Xinhua) -- Oil prices rise on Monday, as OPEC and its allies signaled that it would be possible to extend the supply reduction deal of 1.2 million barrels per day (bpd), which is

OPEC, non-OPEC nations meet in Azerbaija...

BAKU, March 18 (Xinhua) -- OPEC and Non-OPEC countries held a ministerial panel here on Monday amid statements by senior officials that oil cuts will remain in place until June, the state-run news ag

Saudi Falih optimistic on continued comm...

Saudi Arabia's energy minister said on Sunday he was optimistic about continued commitment to the oil supply cut agreement between OPEC and non-OPEC members. “I am obviously optimistic that implement

Oil prices mixed amid OPEC's March oil r...

NEW YORK, March 14 (Xinhua) -- Oil prices were mixed on Thursday, as OPEC lowered global oil demand for 2019 and forecast strong non-OPEC oil supply growth this year in its latest monthly oil report.

OPEC cuts oil production in February des...

VIENNA, March 14 (Xinhua) -- OPEC cut oil production by 221,000 barrels per day (bpd) to 30.55 million barrels per day in February, according to its monthly report published here on Thursday. "Accord

Oil gains as Saudi stands by OPEC supply...

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.

Oil prices rise as OPEC resists Trump pr...

Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump. U.S. We