Get a fresh start.
Add this topic to your myFT Digest for news straight to your inbox
The old methods of controlling prices by restricting production no longer work
Brent crude rallies after oil cartel defies Donald Trump’s call to keep prices low
Crude below $60 a barrel as producers meet in Vienna
Cartel divided on which countries should shoulder the most curbs, says Saudi minister
Saudi-US politics and gaining Russian support are among issues weighing on producers
Reduction aimed at propping up crude price after 30% fall in past 2 months
Assuming Saudi Arabia still needs US support, a big reduction in quotas looks unlikely
The president’s intervention came as the cartel met to discuss production cuts
Riyadh will struggle to boost prices now that US is the world’s largest oil producer
Departure of first Arab country comes as oil cartel faces fire from Trump
Departure of first Arab country comes as oil cartel faces pressure from Donald Trump
World’s largest exporter of liquefied natural gas to quit oil cartel in the new year
The effect of increased US sanctions will sway Opec’s decision on cutting supply
Brent crude falls to lowest levels in over a year as supply swells
Trump, Putin and bin Salman have different motivations for direction of prices
Oil below about $50 per barrel will drag on US business investment.
Russian leader stops short of saying whether Moscow will back more production cuts
Market for crude remains volatile as outlook for demand becomes less certain
Under the new rules of US exports, free-market economics dominates oil prices
Scale of rise risks overwhelming crude markets, weakening barrel prices further
