Major oil producers to consider cuts after price slide - ET EnergyWorld

Brent crude dropped below $70 a barrel on Friday for the first time since April while the New York's West Texas Intermediate sank below $60 a barrel, ..

Oil Supply Cut: Oil Pares Bear Market Collapse on Prospect of OPEC Curbs in 2019 Oil Pares Bear Market Collapse on Prospect of OPEC Curbs in 2019

Oil rose for the first time in 11 sessions on the possibility that OPEC and its allies will cut output next year and after Saudi Arabia said it will reduce sales in December. While futures in New York climbed as much as 1.

Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October.

Aiming not to be the world’s biggest car company | Inquirer Business

ENERGY To prop up oil prices, producers begin to weigh cuts Major oil producers meeting in Abu Dhabi, United Arab Emirates, on Sunday signaled that they were considering once again changing course and cutting production. But the group, which included the Saudi oil minister, Khalid al-Falih, and his Russian counterpart, Alexander Novak, did not make any firm decisions.

Saudi Arabia, Russia discussing possible oil-production cuts

Momentum seems to be growing among major oil producers to reduce output in an effort to end a slump in prices.

Oil producers see oversupply, call for new strategies, - THE BUSINESS TIMES

: THE BUSINESS TIMES Energy & Commodities - [ABU DHABI] Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments.. Read more at The Business Times.

Oil bears in charge

Oil prices are set to become an electoral issue in 2019 Lok Sabha elections as Saudi Arabia has decided to curtail oil supply from December