Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Oman sees consensus forming on OPEC crude output cut: minister

Oil | Crude Oil | Coronavirus

US oil output returns but will be stunted by capex cuts into 2021


Platts Market Data – Oil

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Oil | Crude Oil | Refined Products

Oil prices dip as demand outlooks dim ahead of OPEC+ production surge

Oman sees consensus forming on OPEC crude output cut: minister

Vienna — A consensus is beginning to form that members of the oil-producing group OPEC should cut output in a bid to claw back recent falls in prices, Oman's minister of oil and gas, Mohammad al Ruhmi, told reporters in Vienna on Sunday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Even us with short memories can remember the benefits of cutting," he said. "Why don't we do what we did before? We know the formula, it's cut and paste, we sign the documents."

Ruhmi said Oman is willing to cut and expects ministers to meet on December 7 to sign an agreement on production.

"We have always been the champion of cutting, if I wasn't willing I wouldn't have come," Ruhmi told journalists.

Russia's president Vladamir Putin said Saturday that Russia had reached an agreement with Saudi Arabia to extend the OPEC and non-OPEC coalition past its end of 2018 expiry date.

The coalition has in the past implemented a cut of 1.8 million b/d, but Putin said an agreement on cutting had not yet been agreed. Saudi Arabia has previously given indications that a production cut of around 1 million b/d could be discussed.

ICE Brent crude futures closed on Friday at just below $60/b.

--Miriam Malek,

--Edited by Maurice Geller,