Oil prices jumped more than 2% on Friday, climbing further from five-month lows ...
LONDON - Oil prices jumped more than 2% on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers may extend their output reduction deal.
He added he did not want to boost Saudi production to make up for a lower oil price and that a return to the price-crash environment of 2014-15 was simply unacceptable. Falih said on Friday his country and Russia were aligned on their oil market views. Iraqi Oil Minister Thamer Ghadhban said on Friday that OPEC and its allies were most likely to extend their global oil output deal until the end of the year, RIA news agency reported.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices extend gains, move further away from five-month lowsOil prices rose around 1% on Friday to move further away from five-month lows hi...
Read more »
As Permian oil production turns lighter, price outlook darkensThe United States may now be the world's biggest crude producer, but the oi...
Read more »
Putin says Russia disagrees with OPEC on fair oil pricePresident Vladimir Putin said on Thursday Russia had differences with OPEC over ...
Read more »
Oil prices on track to enter a bear market as weekly U.S. crude supplies jump to a nearly 2-year highOil prices drop Wednesday, on track to enter a bear market, as U.S. data revealed a weekly crude supply climb of almost 7 million barrels—the largest in five...
Read more »
Oil on Track for Bear Market Due to Global-Growth FearsOil prices were on track to sink into a bear market on Wednesday, falling more than 20% below their April peak, as the global-growth worries gripping financial markets were compounded by fears of a supply glut.
Read more »