Saudi Arabia, Russia agree oil output cuts until 2018 Saudi Arabia and Russia, the world's two top oil producers, today agreed to extend oil output cuts for a further nine months until March 2018 … Business • 15 May 17
Oil slips on doubts over duration of output cut Oil fell further towards $50 a barrel today, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort … Business • 27 Mar 17
Oil prices fall on rising crude storage levels Oil prices dipped this morning as rising crude stocks in the US underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut … Business • 22 Mar 17
Oil prices rise on talk of OPEC cut extension Oil prices rose today, helped by expectations that an OPEC-led output cut would be extended beyond June but gains were pegged back by concerns about … Business • 21 Mar 17
Oil falls to 3-month low as US rig count climbs Oil hovered around three-month lows today, as rising US inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Business • 13 Mar 17
US crude oil slumps below $50 after stocks build Oil prices fell today, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite OPEC-led … Business • 09 Mar 17
Oil down as signs of US output rise overshadow cut Oil prices fell 1% today as signs of a strong recovery in US oil drilling activity outweighed news that OPEC and non-OPEC producers were on … Business • 23 Jan 17
Oil prices edge up on OPEC hopes but doubts linger Oil prices edged higher today as signs of output cuts by OPEC members met with lingering concern that other producers could try to shirk their … Business • 06 Jan 17
Oil rises as Saudi Arabia discusses supply cuts Oil prices rose today after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to lower … Business • 05 Jan 17
Oil prices rise on expected drop in US inventories Oil prices ticked higher today on expectations that US crude inventories are falling and signs that oil producers will stick to agreed output cuts that … Business • 04 Jan 17
Oil rises on expected US crude stocks draw Oil prices edged higher today on forecasts of a steep draw in US crude oil stocks that could indicate a global oversupply is starting to … Business • 20 Dec 16
Oil surges to 18 month high ahead of Fed move Oil prices surged to their highest since mid-2015 today after the world's top crude producers agreed to the first joint output cut since 2001. Business • 12 Dec 16
Oil prices surge more than 4% after OPEC deal Oil prices surged more than 4% today, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to … Business • 01 Dec 16
Oil prices surge as OPEC agrees production curb Oil prices have soared more than 8% as some of the world's largest oil producers agreed to curb oil output for the first time since … Business • 30 Nov 16
Iran and Iraq resist Saudi pressure on oil output Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production. Business • 29 Nov 16
Oil up in choppy trade as OPEC eyes meeting Oil prices had gained more than 2% in afternoon trade today in volatile trading after falling as much as 2%. Business • 28 Nov 16
Oil prices fall 2% amid OPEC deal uncertainty Oil prices fell more than 2% today, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal. Business • 25 Nov 16
Oil prices dip on persistent fuel supply overhang Oil prices dipped today as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers … Business • 11 Nov 16
Oil prices rise as markets recover from Trump win Oil prices reversed early losses to push higher today as markets recovered from their initial shock at US President-elect Donald Trump's surprise victory. Business • 10 Nov 16
Oil up after OPEC reaffirms plan to cut output Oil rose more than 1% today, boosted by a commitment from OPEC to stick to a deal to cut output. Business • 07 Nov 16
Oil mixed on OPEC squabbles ahead of planned cut Oil prices were mixed in choppy trade today as disagreement flared within producer cartel OPEC on who should cut how much production in a planned … Business • 25 Oct 16
Oil glut to last until mid-2017 unless OPEC cuts Oil prices edged down today but held near one-year highs touched on growing expectations of an output cut by OPEC producers. Business • 11 Oct 16
Oil jumps 3% amid Russian commitment to output cut Oil prices jumped as much as 3% today, with Brent hitting one-year highs, after Russia said it was ready to join OPEC in curbing crude … Business • 10 Oct 16
Oil prices move back above $50 a barrel US oil futures held above $50 per barrel this morning as the entire crude forward curve pushed above above that level in a sign that … Business • 07 Oct 16
US oil tops $50 a barrel for first time since June Oil prices in New York rose above $50 a barrel today for the first time since June, boosted by lower US petroleum inventories. Business • 06 Oct 16
