OPEC Archives - Page 6 of 9

Oil prices cheaper by P1.20/liter

THE oil companies cut pump prices by as much as P1.20 per liter effective Tuesday to reflect the downward movement of world oil prices. Prices...

Oil prices climb on glut drop

Oil extended gains as Saudi Arabia and Russia sought to reassure investors that coordinated production cuts by Oped and its partners are draining a...

Opec close to extending oil deal

Opec and its allies were close to an agreement to extend their oil-production cuts for another nine months as they seek to prop up...

Oil rises, extends gain toward $51

Oil extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal through the...

All oil producers agree on extended output cuts

All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister. The extension...

Kuwait backs extension of oil cuts

Kuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by Opec and other global producers through the first quarter of...

Oil jumps on extension of output cut

Oil jumped to its highest level in two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending...

Shale drillers increase budgets

US shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even...

Pump price cuts range from P0.90 to P1/liter

Oil companies on Monday announced a price rollback at the pumps owing to the continuing decline in international prices. In separate statements, Pilipinas Shell, Petron...

Extended cuts into 2018 hike oil prices

Oil held gains as Saudi Arabia’s energy minister Khalid Al-Falih said Opec-led supply reductions will likely be prolonged through the second half of this...

Oil prices rebound, rise above $48/barrel

Oil rebounded from a six-week low after a US industry report signaled a supply overhang in the world’s biggest consumer may be easing. Futures in...

Oil falls as Libya expands output

Oil declined as rigs targeting crude in the US rose for a fifteenth week and output from Libya rebounded. Futures in New York lost as...

Crude prices fall back to below $50 per barrel

After a rally in the first half of April, oil is set to end the month back below $50 a barrel. Futures are down 2.5...

Oil marches toward $53 a barrel

Oil traded near $53 a barrel after the longest winning streak since December before US government data forecast to show record crude stockpiles declined. Futures...

Tag: OPEC

Oil prices cheaper by P1.20/liter

Oil prices climb on glut drop

Opec close to extending oil deal

Oil rises, extends gain toward $51

All oil producers agree on extended output cuts

Kuwait backs extension of oil cuts

Oil jumps on extension of output cut

Shale drillers increase budgets

Pump price cuts range from P0.90 to P1/liter

Extended cuts into 2018 hike oil prices

Oil prices rebound, rise above $48/barrel

Oil falls as Libya expands output

Crude prices fall back to below $50 per barrel

Oil marches toward $53 a barrel

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