Tag Archives: freeze

Saudi remarks on oil surge test prospects for output freeze

Saudi Arabia’s top oil official, Deputy Crown Prince Mohammed bin Salman, said Riyadh could boost output immediately and almost double it long term, in comments that could threaten the signing of a global production freeze deal planned for Sunday. The second in line to the throne of the world’s largest crude exporter added in remarks to Bloomberg that… Read More »

Oil exporters set to discuss output freeze

The world’s leading oil exporters could be finally about to take action following the fall in prices. Members of the exporters’ group Opec, together with some other oil producers, are meeting in Qatar on Sunday to discuss freezing output. They want to push up the price of crude oil, which is less than half what it was in… Read More »

Oil edges up after Kuwait talks up output freeze plan

Oil prices edged higher on Tuesday after Kuwait’s insistence that major producers will agree to freeze output this month even as Iran balks at the plan. Gains in crude prices were limited as traders awaited U.S. industry data later in the afternoon that was likely to show another record high in crude inventories in the United States. A… Read More »