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August 04, 2025

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MONDAY, AUGUST 04, 2025

oil cut

The Philadelphia Energy Solutions oil refinery is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. Photo :Reuters
Global Economy

Oil prices fall on renewed coronavirus concerns as China cases mount

Crude prices remained supported by Saudi Arabia's pledge last week for a voluntary oil output cut of 1 million barrels per day (bpd) in February and March as part of a deal under which most...

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Photo: Reuters
Global Economy

Saudi cut to boost oil market de-stocking, even as demand falters

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES
Global Economy

Brent oil rises to highest since February after Saudi Arabia output cut

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020/ Reuters
Global Economy

OPEC, Russia extend record oil cuts to end of July

FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018/ REUTERS
Analysis

Oil futures point to long and deep recession

The Philadelphia Energy Solutions oil refinery is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. Photo :Reuters
Global Economy

Oil in the age of coronavirus: A US shale bust like no other

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria, December 7, 2018. REUTERS/Leonhard Foeger/File Photo
Global Economy

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

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