BAGHDAD (NINA) - Oil prices rose 1.5 percent supported by strong job data in the United States, easing fears of weakening global demand for crude and expectations that an escalation of the conflict in Libya could cut oil
The JTC was established on January 22, 2017 under the monitoring committee, created to monitor the countries' fulfillment of their commitments to cut oil
18 (Saba) - The Organization of Petroleum Exporting Countries (OPEC) said on Monday it had cut oil
production sharply in December before the new agreement to curb supplies came into effect, indicating that producers had made a strong start to avoid a new supply gap.
All eyes will be on OPEC and Russia, where it remains to be seen how much the cartel will cut oil
Russia and Saudi Arabia, which controls more than 70 per cent of the Opec plus production, have agreed in principle to cut oil
production, but the details on the quantum will be worked out at a meeting slated later in the week.
President Donald Trump criticized Saudi Arabia's announced plan to cut oil
production Monday, as tensions rose between the U.S.
Summary: TEHRAN (FNA)- US President Donald Trump on Monday said he hopes Saudi Arabia and OPEC don't cut oil
production hours after the Saudi energy minister indicated the country would reduce its output next month.
The US has told India and other countries to cut oil
imports from Iran to "zero" by November 4 or face sanctions, making it clear that there would be no waivers to anyone.
Asked if the United States was pushing allies to cut oil
imports to zero by November, the official said, "Yes."
energy companies last week cut oil
rigs for the first time in almost two months RIG-OL-USA-BHI, with drillers cutting back four rigs, to 796, Baker Hughes (GE.N) energy services firm said on Friday.
The committee members said in a statement following their one-day meeting commitment to an agreement to cut oil
output by 1.8 million barrels per day (bpd) during December 2017 was up to 129 percent.
Summary: ADNOC CEO Dr Sultan Al Jaber has said the oil giant will aim to cut oil
drilling time by "30 …