Oil Slides After OPEC Delays Decision on Level of Output Cuts

VIENNA—Saudi Arabia cast fresh doubt on whether the world’s biggest oil suppliers can reach a deal this week to cut production and bolster prices. Late Thursday, Saudi Energy Minister Khaled al-Falih said the group hadn’t reach a deal on the size of a proposed cut and that he was no longer confident of that occurring…

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Pipeline Uncertainty Pinches Oil-Sands Output Forecast

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Trump says Saudi king agrees to raise oil output by 2m barrels

US President Donald Trump says Saudi Arabia’s King Salman has agreed to his request to increase oil output “maybe up to” two million barrels, as state media in Riyadh confirmed a phone call between the two leaders about oil but mentioned no specifics. Trump’s claim on Saturday comes after the Organization of the Petroleum Exporting Countries…

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Oil Prices Jump After OPEC Deal to Lift Output

Oil prices rose by the biggest amount in nearly two years Friday after some of the world’s major oil producers agreed to boost crude output less than many investors had feared. Ministers from the Organization of the Petroleum Exporting Countries ended a contentious gathering with a loose promise to boost output by about 600,000 barrels…

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