Tag Archives: cut

Avianca seeks to cut Airbus order as much as half: CEO

BOGOTA (Reuters) – Airline Avianca Holdings SA AVT_p.CN will begin negotiations with Airbus (AIR.PA) to reduce the 100 planes it had agreed to purchase in a 2015 deal to as few as 50, the chief executive of the Latin American company said. FILE PHOTO: Hernan Rincon, executive president and CEO of AVIANCA Holdings S.A., speaks during a new aircraft presentation ...

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Oil slides as OPEC ties supply cut to Russia; Moscow said to only back limited move

SINGAPORE (Reuters) – Oil prices fell on Friday, pulled down by OPEC’s move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd). A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, ...

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OPEC tentatively agrees to oil cut, waits for Russia to commit

VIENNA (Reuters) – OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with President Vladimir Putin ...

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OPEC waiting for Russia before deciding how much oil to cut

VIENNA (Reuters) – OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December ...

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OPEC waiting for Russia before deciding level of oil cut

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger VIENNA (Reuters) – OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on Thursday as the group gathered for a meeting in Vienna. Five ...

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Oil curbs gains amid trade, output cut uncertainty

NEW YORK (Reuters) – Oil prices pared gains in a volatile trade on Tuesday amid fears that demand would stall due to a trade war between the United States and China, and concerns that Russia remains a stumbling block to a deal to cut global crude supply. Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, ...

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Saudi energy minister says OPEC’s deal to cut output uncertain: BBG

FILE PHOTO: Saudi Energy Minister Khalid al-Falih addresses India Energy Forum in New Delhi, October 15, 2018. REUTERS/Adnan Abidi/File Photo (Reuters) – Saudi oil minister said on Tuesday it was too soon to say if OPEC and its allies would cut production as the terms of a deal remain unresolved, Bloomberg reported. Khalid Al-Falih’s comments come as OPEC and its ...

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