CNBC Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves with the deal. Source: CNBC Brent crude futures were up $2.12, or 5.2%, to trade at $41.“ per barrel, while West Texas Intermediate traded $1.74, or 4.65%, higher at $39.15
360 Feedwire A deal to rescue the oil market has to involve Saudi Arabia and Russia, but would not be complete without the cooperation from the United States, the world’s largest crude producer. Oil prices on Friday posted their largest weekly gain on record, buoyed by expectations that Saudi Arabia and Russia will work together to cut global crude production,
Gulf Business The agreements include the construction of a 1,500MW Combined Cycle Gas-Turbine power plant and a 500-1000MW wind farm On Sunday, Saudi Arabia’s utility developer ACWA Power revealed that it had signed three agreements, potentially worth up to $2.5bn, with Uzbekistan’s Ministry of Energy. The agreements include a $1.2bn investment for the development, construction and operation of a 1,500MW Combined
From Reuters Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. Brent crude LCOc1 ended the session up $1.15, or 2.1%, at $57.38 a barrel, after hitting a session high of
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