Oil prices rose by around 1 per cent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.

Oil prices rise 1% amid OPEC supply cut

Financial markets were riding a relief rally on Monday on expectations that face-to-face trade negotiations between delegates from Washington and Beijing would lead to an easing in tensions.

Oil rises on US-China trade talks, OPEC-led supply cuts

Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging.

Oil prices fall over volatile currency, slowdown worries

Oil fell to about $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand.

Oil falls to $53 on economic worries, surging supply

Oil prices climbed on Friday after tumbling 5 per cent in the previous session on signs OPEC's production cuts that start next month will be deeper than expected.

Oil prices rise over OPEC output cuts

Oil prices were largely steady on Monday after falling 2 per cent in the previous session but remained under pressure amid weaker growth in major economies and concerns about oversupply.

Oil prices pressured by oversupply, global economic concerns

*By: Gregory Brew The Organization of the Petroleum Exporting Countries likes to look united. That’s evident when OPEC leaders meet in Vienna at the end of each year to decide how much oil its members will aim to produce the next year.

Saudi Arabia is allying with Russia to shore up oil prices as OPEC's power wanes

Oil soars on OPEC output cut deal

WION Speed News: Watch top national and international news of the morning - December 08th 2018

Oil prices fell on Friday, pulled down by OPEC's decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. International Brent crude oil futures fell below $60 per barrel early in the session, trading at $59.

Oil drops as OPEC makes supply cut dependent on Russian support

OPEC will meet with 10 partner countries, including Russia, on Friday to try to thrash out an agreement on oil production cuts, a day after the group's members failed to reach a deal.

OPEC and partners face steep challenge to reach oil cut deal

OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from US President Donald Trump to reduce the price of crude.

OPEC, Russia agree to cut oil production after Vienna talks; prices jump

OPEC to consider PM Modi's call before taking decision

Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organization of the Petroleum Exporting Countries (OPEC) would keep in mind consumers' interests before deciding to cut crude oil production.

Hope OPEC will remember consumers when cutting output: Dharmendra Pradhan

Iran's Petroleum Minister Bijan Namdar Zanganeh said on Thursday that the US should stop interfering in affairs of the Organization of the Petroleum Exporting Countries (OPEC) while attending an OPEC meeting.

US should stop interfering in OPEC affairs: Iran petroleum minister Zanganeh

Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer club sought to get heavyweight supplier Russia on board.

Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

Cemeteries in Venezuela are unable to offer cremations because they lack natural gas, which is in ever shorter supply even though the OPEC nation holds some of the world's largest energy reserves.

Without gas for cremation, even dying is a struggle in Venezuela

OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices, as US President Donald Trump urged them to keep the faucets open.

OPEC meets as Trump calls for oil taps to be kept on

Even as the OPEC or Organisation of the Petroleum Exporting Countries meet happens in Vienna, Saudi Arabia's energy minister Khalid al-Falih said India's prime minister Narendra Modi was "vocal" about the increase in oil prices and raised it with Riyadh many times.

We also take views of PM Modi, he cares about Indian consumers: Saudi energy minister on oil price cut

US not in a position to tell us what to do, says Saudi Arabia on oil price cut In a move aimed at President Trump, Saudi Arabia's oil minister said the US should not try to dictate policy to the Organisation of the Petroleum Exporting Countries OPEC.

News brief: Big stories of the day

OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday.

OPEC oil cuts at risk as Russia yet to commit

Saudi Arabia is seeking to persuade Russia on Wednesday to cut oil production substantially with OPEC next year in an attempt to arrest a decline in the price of crude and prevent another global glut.

Saudi Arabia works on convincing Russia to join oil cuts

Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts.

Oil prices fall on swelling glut, economic growth concerns

OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia's resistance to a significant production cut was so far the main stumbling block.

OPEC works on deal to cut output, as Russia plays tough

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