OPEC output falls most in almost two years
OPEC's production plunged by the most in almost two years in December, even before the deal to cut oil supplies started. Output fell 530,000 barrels a day to 32.6 million.
Riyadh between an OPEC rock and Trump's hard place
Donald Trump wants Riyadh to keep pumping oil to keep global prices low, a tactic that pleases his blue-collar base at home. But the Saudis may balk at opposing other OPEC members ahead of a key meeting of the cartel.
Qatar says will leave OPEC
The Gulf nation of Qatar's new energy minister said that his country will leave OPEC effective January of 2019. He said that he had informed OPEC of his decision ahead of his announcement.
OPEC considers 2019 production cuts
The stormy oil market could have OPEC about to perform another production U-turn. The cartel has signaled it will consider a return to cutting output in 2019. With prices falling in the face of a shale surge, OPEC will discuss a change of course in Abu Dhabi this weekend.
Oil Ministers react to Trump tweet at OPEC in Vienna
Oil Ministers from Iran, Russia and the UAE gathered in Vienna for the OPEC+ meeting react to U.S. President Donald Trump’s tweet on Friday. Trump said on Twitter: “Hope OPEC will increase output substantially. Need to keep prices down!”
OPEC strikes deal to raise production next month
OPEC and its allies reach a deal to raise oil production starting next month. Bloomberg TV spoke to OPEC ministers including the Saudi Oil Minister Al-Falih on the sidelines of the OPEC seminar in Vienna.
Saudi energy minister sees need for a global oil alliance
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signalled their readiness to cooperate beyond that.
Nigeria's Kachikwu on oil, OPEC cuts, prices
Nigeria Petroleum Minister Emmanuel Kachikwu discusses the possibility of a 9-month extension for OPEC, the hardest part of the discussions, Nigeria's contribution to the production cut and his outlook for prices.