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Oil rises as traders expect OPEC+ to hold output cuts

Oil prices edged higher on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week.

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Opec+ agrees to gradually ease its oil output cuts from May

The group, which has been implementing deep cuts since oil prices collapsed in 2020, agreed to ease production cuts by 350,000 barrels per day (bpd)

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OPEC, other oil producers boosting production amid COVID-19 vaccine rollout: report

OPEC, other oil producers boosting production amid COVID-19 vaccine rollout: report
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Oil rises as OPEC+ decides on production policy

<div class="at-above-post addthis tool" data-url="https://www.metro.us/oil-rises-as-opec-2/"></div>NEW YORK (Reuters) – Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel. OPEC+, which comprises […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/oil-rises-as-opec-2/"></div><! AddThis Share Buttons generic via filter on get the excer

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U S resumes calls to Saudi as OPEC+ debates increase or rollover

3 Min Read LONDON/DUBAI (Reuters) - The United States said in call with Saudi Arabia that energy should be kept affordable for consumers, as the administration of President Joe Biden resumed the practice of his predecessor Donald Trump who contacted OPEC’s leader before key meetings. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo U.S. Energy Secretary Jennifer Granholm said on Twitter she had a call with Saudi Energy Minister Abdulaziz Bin Salman. “We reaffirmed the importance of international cooperation to ensure affordable and reliable sources of energy for consumers,” Granholm said.

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