Oil prices jump on hopes for OPEC, Russia meeting on output cuts

Indonesia Berita Berita

Oil prices jump on hopes for OPEC, Russia meeting on output cuts
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic.

FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo

Thursday’s videoconference meeting between members of the Organization of Petroleum Exporting Countries and its allies, including Russia, is widely expected to be more successful than their gathering in early March. That ended in failure to extend cuts, and a price war between Saudi Arabia and Russia amid slumping demand.

“Saudi Arabia and Russia continue to hammer out a deal ... What is clear is that the United States must be involved,” ANZ Research said in a note.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Reuters /  🏆 2. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Russia, Saudi 'very, very close' to a deal on oil output cuts - CNBCRussia, Saudi 'very, very close' to a deal on oil output cuts - CNBCSaudi Arabia and Russia are 'very, very close' to a deal on oil production cuts, Russia's sovereign wealth fund chief told CNBC on Monday https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html.
Baca lebih lajut »

Oil falls after Saudi Arabia, Russia delay meetingOil falls after Saudi Arabia, Russia delay meetingOil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.
Baca lebih lajut »

Russia and Saudi 'very close' to oil deal – Moscow envoyRussia and Saudi 'very close' to oil deal – Moscow envoyKirill Dmitriev, one of Russia's top oil negotiators who also heads the sovereign wealth fund, says a deal is imminent, a month after oil prices tumbled due to the coronavirus pandemic and a price war between Russia and Saudi Arabia.
Baca lebih lajut »

OPEC+ likely to agree to cut production if U.S. joins effort: sourcesOPEC+ likely to agree to cut production if U.S. joins effort: sourcesMajor oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three OPEC+ sources told Reuters on Monday.
Baca lebih lajut »

Oil rises 3% on hopes for output cut as coronavirus ravages demandOil rises 3% on hopes for output cut as coronavirus ravages demandOil prices gained on Tuesday as hopes rose that the world's biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected.
Baca lebih lajut »

Oilfield firm Halliburton cuts more U.S. jobs as oil bust deepensOilfield firm Halliburton cuts more U.S. jobs as oil bust deepensOilfield services firm Halliburton on Monday was cutting about 350 employees in Oklahoma, according to a filing with the state, amid a deepening oil bust from the spread of coronavirus and a price war between Russia and Saudi Arabia.
Baca lebih lajut »



Render Time: 2025-03-15 20:09:37