Gulf Times - Oil-cut
Opec struggles to keep Russia on board with oil cut, may offer shorter extension

Opec struggles to keep Russia on board with oil cut, may offer shorter extension

Saudi Arabia is having a hard time convincing Russia to stay much longer in an Opec-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three sources familiar with the matter said.

Opec tentatively agrees oil cut, waits for Russia to commit

Opec tentatively agrees oil cut, waits for Russia to commit

Opec tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-Opec heavyweight Russia before deciding the exact volumes for a production reduction ...

Oil falls as Opec extends cuts to end-2018

Oil falls as Opec extends cuts to end-2018

Oil fell on Thursday, giving up earlier gains after Opec members agreed to extend curbs on output to the end of next year at a meeting in Vienna, though a final deal hinges on the decision of non-Opec producers, expected towards the end of the day.

OPEC, allies set to agree oil cut extension to end of 2018

OPEC, allies set to agree oil cut extension to end of 2018

OPEC and non-OPEC oil producers look poised to agree at a meeting on Thursday to extend output cuts until the end of 2018, four OPEC sources said as the group seeks to clear a global glut of crude ...

May extend oil output cuts beyond 2017: Saudi

May extend oil output cuts beyond 2017: Saudi

Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an Opec-led deal to cut output during the first half of the year to be extended to all of 2017.

OPEC heads for rollover, bigger oil cut unlikely: delegates

OPEC heads for rollover, bigger oil cut unlikely: delegates

OPEC and non-OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC delegates said on Thursday ...

Opec panel recommends 6-month extension of cuts

Opec panel recommends 6-month extension of cuts

An Opec and non-Opec technical committee recommended that producers extend a global deal to cut oil supplies for six months from its June expiry, a source familiar with the matter said, to clear a glut that has weighed on prices.

UAE to cut oil output by above 139,000 bpd in March-April

UAE to cut oil output by above 139,000 bpd in March-April

The United Arab Emirates (UAE) will comply fully with its Opec commitment to reduce oil production by more than 139,000 barrels per day (bpd) in March and April, the Gulf Opec member's energy minister Suhail al-Mazrouei said on Thursday.

Opec reports big Saudi oil cut, boosting compliance with deal

Opec reports big Saudi oil cut, boosting compliance with deal

Top Opec oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group's supply-reduction deal to a record high of more than 90 percent.