Energy Industry

Global deal to cut oil output in sight after Mexico signs up
Apr 10, 2020

Global deal to cut oil output in sight after Mexico signs up

The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production


Mexico reaches deal freeing up way for OPEC output cuts
Apr 10, 2020

Mexico reaches deal freeing up way for OPEC output cuts

Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries


Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut
Apr 10, 2020

Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut

OPEC says a proposed cut to oil production “is conditional on the consent of Mexico” after a marathon teleconference ended without a decision


Saudi Arabia says 10M-barrel-a-day cut starts OPEC+ deal
Apr 10, 2020

Saudi Arabia says 10M-barrel-a-day cut starts OPEC+ deal

OPEC says a proposed cut to oil production “is conditional on the consent of Mexico” after a marathon teleconference ended without a decision


Apr 10, 2020

OPEC says a proposed cut to oil production 'is conditional on the consent of Mexico' after marathon teleconference

OPEC says a proposed cut to oil production 'is conditional on the consent of Mexico' after marathon teleconference


Saudi state TV: OPEC deal includes 10M barrel a day cut
Apr 10, 2020

Saudi state TV: OPEC deal includes 10M barrel a day cut

Saudi state TV is reporting that a deal before OPEC and other oil-producing countries involves a 10 million barrel per day cut to July 1, then an 8 million barrel per day cut through end of year


Apr 10, 2020

Saudi state TV: OPEC deal includes 10M barrel per day cut

Saudi state TV is reporting that a deal before OPEC and other oil-producing countries involves a 10 million barrel per day cut to July 1, then an 8 million barrel per day cut through end of year


Saudi cease-fire takes effect in Yemen, rebels suspect ploy
Apr 9, 2020

Saudi cease-fire takes effect in Yemen, rebels suspect ploy

A cease-fire proposed by the Saudi-led coalition fighting Iran-backed Houthi rebels in Yemen has gone into effect, potentially paving the way for peace talks to end the more than 5-year-old conflict


Iraq appoints third PM-designate, after second withdraws
Apr 9, 2020

Iraq appoints third PM-designate, after second withdraws

Iraq’s intelligence chief has been appointed the country’s third prime minister-designate in just over a month


Iran says US oil production must be known before OPEC+ call
Apr 8, 2020

Iran says US oil production must be known before OPEC+ call

Iran has demanded that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia and others seeking to boost global energy prices