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All Stories: output cuts

Oil advances as major producers expected to keep output cuts in place

Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts at a meeting this Sunday, and that fuel...

Oil prices momentarily lifted from output cuts, equities wobble

Oil prices rose on Monday after key producers Saudi Arabia and Russia further cut crude output in a bid to protect their precious revenues,...

Oil rises after OPEC+ alliance of major producers maintains oil output cuts

Brent crude futures gained 4 cents, or 0.1%, to $58.50 a barrel, by 0120 GMT. On Wednesday, Brent prices hit their highest since Feb. 21, 2020.

OPEC, allies agree to extend deep output cuts through July

Oil prices have plummeted as a result of falling demand as countries around the world impose strict lockdowns to stop the spread of the new coronavirus.

Oil gets boost as new Saudi minister commits to output cuts

Oil prices rose more than 1% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that there would be no radical change in his country’s oil policy.
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