BAKU: OPEC, Russia and other oil producing nations agreed on Sunday (Apr 12) to cut output by a record amount, representing around 10 per cent of ...
BAKU: OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10 per cent of global supply, to support oil prices amid the coronavirus pandemic.
Trump had threatened OPEC leader Saudi Arabia with oil tariffs and other measures if it did not fix the market's oversupply problem as low prices have put the US oil industry, the world's largest, in severe distress. The signing of the OPEC+ deal had been delayed since Thursday, however, after Mexico balked at the production cuts it was asked to make.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPEC, allies to confer on Sunday to try to end standoff over cuts plan: sourcesOPEC and its allies will hold a virtual meeting on Sunday evening in a bid to end a standoff that has prevented the finalisation of a global oil ...
Read more »
Opec, Russia meet again to approve biggest-ever oil cutBAKU/DUBAI/LONDON (REUTERS) - Opec, Russia and other oil producing nations were meeting on Sunday (April 12) in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 per cent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked by Mexico.. Read more at straitstimes.com.
Read more »
OPEC, Russia meet again to approve biggest ever oil cutBAKU: OPEC, Russia and other oil producing nations were meeting on Sunday (Apr 12) in a bid to clinch a deal on the biggest oil cut ever, ...
Read more »
Coronavirus: Saudi, Russia press on with oil cut deal at G-20 talks, US offers helpMOSCOW/LONDON/DUBAI (REUTERS) - Top oil nations pushed to finalise a deal on sweeping oil cuts at Group of 20 (G-20) talks on Friday (April 10) to lift prices slammed by the coronavirus crisis with Russia and Saudi Arabia taking the lion's share and the United States showing unusual willingness to help out.. Read more at straitstimes.com.
Read more »
Opec, Russia meet again to approve biggest-ever oil cutBAKU/DUBAI/LONDON (REUTERS) - Opec, Russia and other oil producing nations were meeting on Sunday (April 12) in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 per cent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked by Mexico.. Read more at straitstimes.com.
Read more »
OPEC, Russia meet again to approve biggest ever oil cutBAKU: OPEC, Russia and other oil producing nations were meeting on Sunday (Apr 12) in a bid to clinch a deal on the biggest oil cut ever, ...
Read more »