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Latest Articles in OPEC Deal

Oil Prices Little Changed, On Track For Third Straight Weekly Gain

Prospects of an effective COVID-19 vaccine and hopes that OPEC and its allies will keep production in check have bolstered oil markets this week.

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OPEC Cuts June Oil Exports By 1.84 Million Bpd - Kpler

Saudi exports accounted for almost half of the month-on-month drop, falling by 979,000 bpd.

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Russia, Saudi To Debate Oil Output Cuts As US Resists Joining

Global fuel demand has plunged as much as 30% as lockdowns have grounded aircraft, reduced vehicle usage and curbed economic activity.

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Iran Doesn't Agree With OPEC+ Meet Without Clear Outcome - Minister

Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to reduce the spread of the coronavirus have caused demand for jet fuel, gasoline and diesel to crash.

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Saudi Arabia Wary Of Costly Slow Response As Virus Knocks Oil

Oil prices have fallen by more than $11 a barrel this year to $54, alarming producers, as the coronavirus, which has killed more than 1,000 in China, spreads.

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Oil Rises Supported By U.S.-China Trade Optimism

OPEC-led supply cuts and the expectations of a U.S.-China trade deal boosted analysts' views on the prospects for the year, a Reuters poll showed.

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Iran Says OPEC Unity Necessary For Cooperation With Non-OPEC Producers

OPEC members will meet later on Monday in Vienna followed by a meeting with non-OPEC states on July 2, where both sides are expected to extend the current output restrictions of 1.2 million barrels per day for another six to nine months.

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IEA Sees Global Oil Glut Worsening, OPEC Deal Unlikely

The Paris-based IEA trimmed its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day (bpd) following a five-year high of 1.6 million in 2015

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