Oil Producers

Saudi-Mexican clash halts record oil output cut deal despite Donald Trump's mediation offer

Mexico President Andres Manuel Lopez Obrador said on Friday Trump had offered to make extra US cuts on his behalf, an unusual offer by a president who has long railed against OPEC.

Oil demand drops 30%; OPEC allies likely to agree to cut production in meeting on Thursday if US joins effort, says report

While antitrust laws prohibit US oil producers from taking steps to push up oil prices, curbing output would be legal if state regulators or the federal government set lower production levels, antitrust experts said

Oil bounces 8% from biggest one-day rout in 30 years on stimulus hopes, virus slowdown in China

On the demand side, the International Energy Agency said oil demand was set to contract in 2020 for the first time since 2009.

Oil prices fall amid concerns over demand as coronavirus spread beyond China; crude producers not to cut output

Adding to pressure on oil prices was the strength of the US dollar as investors looked for safe havens.

Sensex, Nifty start on a volatile note; investors turn jittery on weak domestic, global cues amid foreign fund outflow

Top gainers in the Sensex pack in early trade included Yes Bank, IndusInd Bank, Asian Paints, M&M, Axis Bank, NTPC and PowerGrid, rising up to 2.23 percent.

Prime Minister Narendra Modi's views taken seriously while deciding oil prices, says Saudi oil minister

Prime Minister Narendra Modi, it has been very strongly making a case for oil producers' cartel OPEC to price crude at reasonable and responsible rates.

Oil prices hit year low at $60.29; OPEC considers output cut after 6 December meet to stem rising global surplus

Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers consider cutting output to stem a rising global surplus.

US firmly on course to become world's top oil producer next year; noses ahead of Saudi Arabia for first time in 4 decades

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades. The latest forecast from the U.S. Energy Information Administration predicts that U.S. output will grow next year to 11.8 million barrels a day.

India discusses 'oil buyers club' with China; seeks US crude to counter OPEC

With oil producers' cartel OPEC playing havoc with prices, India discussed with China the possibility of forming an 'oil buyers club' that can negotiate better terms with sellers as well as getting more US crude oil to Asia to cut dominance of the oil block

Saudi Arabia seeks extending cooperation between OPEC and non-OPEC oil producers to shore up crude prices

Saudi Arabia's Energy Minister Khaled al-Faleh on Sunday called for extending cooperation between OPEC and non-OPEC oil producers beyond 2018 after a deal to shore up crude prices.