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OPEC and other producers including Russia are set to meet this week to discuss potential output cuts to help stabilize oil prices in the near term. In the long term, oil demand will recover once ...
Benchmark crude oil fell $2.45, or 9.4%, to settle at $23.63 a barrel Tuesday. Brent crude oil, the international standard, fell $1.18, or 3.6%, to $31.87 a barrel.
The market is likely to take further cues from the outcome of a video conference on April 9 between OPEC and its allies, including Russia, with regards to an output cut.
quantifying on Tuesday the capex cuts it announced last month in response to the oil demand and oil price collapse. The most significant reductions will take place in the Permian Basin. Shortly after ...
Oil prices mark time ahead of key producers meeting Oil futures little changed in early European trading on Wednesday as investors await outcome of crucial meeting between Saudi Arabia and Russia ...