OPEC+ output cuts are unadvisable, US says
The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable.
Source: reuters.com
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Oil production cut could lift prices by $10 per barrel, analyst says
OPEC producers' unexpected 1.15 million barrel per day production cut could lift global oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on Sunday.
Source: reuters.com
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Saudi Arabia, OPEC+ producers announce voluntary oil output cuts
Oil prices last month fell towards $70 a barrel on concern that the global banking crisis would hit demand. Still, further action by OPEC+ to support the market was not expected as crude recovered toward $80.
Source: reuters.com
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Reaction: OPEC output cuts to roil markets
A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response by oil-consuming nations, industry executives said on Sunday.
Source: reuters.com
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OPEC oil output falls on Angola, Iraq outages - Reuters survey
OPEC oil output fell in March due to oilfield maintenance in Angola and a halt in some of Iraq's exports, a Reuters survey found on Friday, adding to the impact of strong adherence by top producers to a supply cut deal by the wider OPEC+ alliance.
Source: reuters.com