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Saudi Delivers Deeper Cuts As OPEC+ Oil Producers Back New Pact

2019-12-06 21:26:09| OGI

Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.

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OPEC, Allies Stumble Toward Deeper Cuts

2019-12-06 11:03:21| OGI

Talks between oil producers for deeper cuts to production ran late into the night on Dec. 5 as OPEC officials took longer than anticipated to come to an agreement.

Tags: cuts deeper allies stumble

 
 

OPEC, Allies Agree To Deepen Oil Output Cuts

2019-12-05 22:42:38| OGI

Oil producers led by Saudi Arabia and Russia agreed on Dec. 5 to cut output by an extra 500,000 barrels a day (bbl/d) for the final three months of their deal to curb supply but stopped short of pledging action beyond next March.

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Constellation Brands cuts losses on US$1bn Ballast Point folly - Comment

2019-12-04 11:47:00| Daily beverage news and comment - from just-drinks.com

Ballast Point has fallen victim to the new broom of Constellation CEO Bill Newlands, who since his appointment in March has shown a determination to focus solely on the company's best-in-class brands.

Tags: point comment brands losses

 

OPEC, Russia Debate Deeper Oil Cuts As New Glut Looms

2019-12-03 19:54:56| OGI

OPEC meets on Dec. 5 in Vienna followed by a meeting with Russia and others, a grouping known as OPEC+, on Dec. 6.

Tags: oil russia debate cuts

 

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