Opec Oil Cut News

Industry

Saudis say Opec+ oil cuts on ‘right track’ to balance the market

Opec will start to trim oil production by 1.2 million barrels/day this month to stabilize the market. They already reduced output by 600,000 barrels a day in December

3 min read14 Jan 2019
News

OPEC+ oil cuts on ‘right track’ to balance the market, says Saudi Arabia’s energy minister

The Organization of Petroleum Exporting Countries, led by Saudi Arabia, agreed to cut oil output this year to support prices.

2 min read14 Jan 2019
Industry

Oil prices dip in volatile trade, Saudi oil cuts limit losses

Crude futures mirrored volatility in other markets after Apple cut its sales forecast, citing a slowdown in China. The news rattled US markets and weighed on oil prices

2 min read3 Jan 2019
Industry

Oil prices jump 4%, but demand concerns still weigh

Oil futures were buoyed by some gains in US stocks, with the Nasdaq Composite turning positive after earlier losses.Crude futures have recently tracked stocks on Wall Street

4 min read3 Jan 2019
Politics

Opec holds the key to Indian economy’s fortunes in 2019

The decline in oil prices has made India an attractive investment destination yet again, but policymakers and investors would do well not to ignore the fundamental weaknesses in India's macroeconomic balance sheet

2 min read27 Dec 2018
Industry

Oil bounces after steep slide, but growth fears still weigh

US crude was up $2.86 a barrel, or 6.7%, to $45.38 a barrel. Brent crude, the global benchmark, rose $3.12, or 6.2%, to $53.59 a barrel

2 min read27 Dec 2018
Market

Oil prices at multi-month lows with market in doldrums

Brent crude fell 32 cents a barrel to $54.03 by 1808 GMT after earlier touching $52.79 a barrel, its weakest since September 2017

2 min read22 Dec 2018
Industry

Oil prices sink to year’s low as equity slump adds to supply fear

Crude prices are mired in a bear market amid growing skepticism that Opec and its allies' production cuts will be deep enough to prevent a surplus in 2019

2 min read18 Dec 2018
Market

Oil prices rise as US China trade war shows signs of easing

Brent crude oil prices rose 0.4% to $60.36 from their last close, US WTI crude futures were at $51.25 per barrel, up 0.2%

2 min read13 Dec 2018
Market

Surprise! Global equity valuations hold in spite of negative growth concerns

The US-China trade war aside, there are other key events that would have a bearing on the global economic growth outlook

2 min read7 Dec 2018
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles