Tuesday, May 19, 2026
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Tag: Organization of Petroleum Exporting Countries

Oil extends rally on Saudi pledge

Oil extended gains toward $47 a barrel as Saudi Arabia promised deep cuts to crude exports next month to help ease a global glut. Futures...

Russia bucks further Opec cuts

Russia wants to stick to the current Opec deal and would oppose any proposal for deeper production cuts at the group’s ministerial meeting later...

Oil extends longest rally, rises to $46.38

Oil extended the longest run of gains this year as US drilling slowed after a record expansion. Futures climbed as much as 0.7 percent in...

Oil drops further into bear market

Oil slid further into a bear market as rising global supply is countering efforts by Opec and its allies to drain a glut. Futures fell...

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 snaps 4-day gain as Opec sets meeting

Oil halted its advance after a four-day gain before Opec meets Thursday to decide on prolonging output cuts by the group and its partners. July...

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...

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...
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