OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found, ending a run of seven consecutive monthly increases.
OPEC oil output falls in February on Saudi additional cut - survey reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
OPEC oil output falls in February on Saudi additional cut - survey reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Oil rises more than 1 percent on U.S. weekly production decline
Oil futures climbed more than 1 percent on Wednesday to their highest in more than a week as buyers were encouraged by a small weekly decrease in U.S. production and shrugged off a surprise build in crude inventories in the world s top oil consumer.
Written By:
Reuters Media | 3:29 pm, Jun. 28, 2017
Oil futures climbed more than 1 percent on Wednesday to their highest in more than a week as buyers were encouraged by a small weekly decrease in U.S. production and shrugged off a surprise build in crude inventories in the world s top oil consumer.
Iranian crude oil exports have fallen in February by about 250,000 barrels per day, tanker tracker Petro-Logistics said Tuesday, suggesting a jump in shipments has run out of steam. The OPEC member’s oil exports climbed in January after a boost in the fourth quarter, despite U.S. sanctions, in a sign that the end of Donald .