World oil market chronology
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead...
OPEC ‘optimistic’ Oil Output Cuts Leading To Price Recovery
Oil-exporting cartel OPEC is confident that production cuts agreed with non-members to prop up prices will lead to a...
Oil Edges Further Above $55 On Russia, OPEC Cuts
Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on...
Equatorial Guinea Has Applied To Join OPEC
This would bring the oil producer group's membership to 14 countries Equatorial Guinea has now applied to join the...
Oil Price Soars As Opec Agrees Output Cut
Saudi Arabia agreed to cut output by about 500,000 barrels per day - a total reduction of 4.5%. The oil cartel Opec has...
Oil Extends Slide Below $46 On Skepticism Over Opec Output Deal
Oil extended declines to slip below US$46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut...
Oil Pinned Near Three-Month Lows As Gloom Grows Over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices...
Nigeria, Libya Output To Push Down Oil Price
Oil production from members of the Organisation of Petroleum Exporting Countries (OPEC) may have reached a new record,...
OPEC To Cut Production By 750,000 Barrels Per Day
Algiers (AFP) - The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000...
OPEC To Cut Output By 750,000 Barrels Per Day
Algiers (AFP) - The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000...
OPEC Agrees Surprise Oil Output Cut
Algiers (AFP) - The Organization of Petroleum Exporting Countries (OPEC) agreed Wednesday to cut oil production,...