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Higher production than expected in Russia and the United States suggest that an OPEC deal to reduce supply might not do enough to stabilize prices.
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Coronavirus has sapped the world’s demand for oil, and major producers cannot agree on what to do.
More...March 6, 2020, 13:20 -
It remains to be seen whether the reduction in output will have an impact on prices amid a worldwide glut and cheating on agreements.
Mo...December 5, 2019, 14:10 -
The original deal would have allowed increases starting next month. The new pact reflects producers’ concerns that the oil market could fall apart again....June 6, 2020, 10:50 -
Oil producers in the OPEC Plus group reached a compromise on a modest production increase, but the talks revealed strains in the group.
...December 3, 2020, 12:40 -
The drop in use of gasoline and other fuels comes as Saudi Arabia and Russia increase production, sending oil prices to their lowest level in a generation....March 31, 2020, 09:50