Oil jumps 2 percent; more investors expect output cut extension

ReutersA pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford. By Julia Simon | NEW YORK. NEW YORK Oil prices rose more than a dollar a barrel on Friday, heading …U.S. Shale Roars Back at OPEC ..

Russian Energy Minister Alexander Novak says Russia agrees with Saudis on extending crude output cuts to March 2018

CNBCOil prices jumped by over 1.5 percent on Monday after the Saudi Arabian and Russian energy ministers said in a joint statement that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. International Brent Russia, Saudi agree to extend oil output cuts until March 2018 ..

Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018

BloombergKuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles. Extending the cuts at already agreed-upon volumes is needed to Russia and Saudi Arabia have more reasons to extend deal than just oil ..

U.S. news: Algeria Says Most Nations in OPEC Deal Back Nine-Month Extension

BloombergAlgeria, the African oil producer that was instrumental in crafting OPEC’s historic output deal last year, said most participating nations back a nine-month extension of the cuts. “Most of the countries support the proposition of Russia and Saudi Oil prices dip as supply remains ample despite output cuts ..

Oil surges on output cut extension but analysts caution upside is capped

CNBCOil prices surged on Monday morning following a joint commitment on Sunday from Saudi Arabia’s and Russia’s energy ministers to extend the existing oil production cut agreement until March 2018. By 11:00 London time, the U.S. domestic benchmark West …Oil rises above $52 as Saudis, Russia back longer supply cut ..

Oil dives 5 percent; OPEC looks unlikely to deepen output cuts

FILE PHOTO: Pump jacks are silhouetted against the rising sun on an oilfield in Baku, Azerbaijan, January 24, 2013. REUTERS/David Mdzinarishvili/File Photo. By Julia Simon and Devika Krishna Kumar | NEW YORK. NEW YORK Oil prices tumbled about 5 …Oil’s OPEC-Driven Gain Wiped Out as Shale Boom Offsets Cuts See Similar Threads…Oil dives 5 percent; OPEC looks unlikely to deepen output cuts – Reuters

Oil stable on expected OPEC cut extension, drop in US inventories

ReutersA petro-industrial factory is reflected in a traffic mirror in Kawasaki near Tokyo December 18, 2014. REUTERS/Thomas Peter/Files. By Stephen Eisenhammer | LONDON. LONDON Oil prices traded largely flat on Friday, supported by expectations of an …Oil rises on expectations of extended OPEC-led production cut ..

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018

ReutersA man walks in front of the Novokuibyshevsk refinery near the city of Samara, October 28, 2010. REUTERS/Nikolay Korchekov/File Photo. By Henning Gloystein | SINGAPORE. SINGAPORE Oil prices jumped on Monday after the energy ministers of top …Saudis, Russia Favor Extending Oil Cuts Until End-March 2018 ..

Saudis, Russia Favor Extending Oil Output Curbs by 9 Months

BloombergSaudi Arabia and Russia said they favor extending oil-output cuts by global producers through the end of the first quarter of 2018 to shrink a market glut. Crude prices jumped. Extending the curbs at already agreed-upon volumes is needed to reach the Russian Energy Minister Alexander Novak says Russia agrees with Saudis on extending crude output cuts to March 2018 ..