While Saudi Arabia's oil minister has called for a cautious approach to raising production due to persistent uncertainty, Brent oil's futures market suggests otherwise. Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, entertainment, technology, video and pictures. The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 per barrel next year. By Reuters News Agency On Jan. 5, Reuters was 15 minutes ahead of the competition reporting that Saudi Arabia will make voluntary cuts to its oil output. 1 minute On Jan. 5, Reuters was 15 minutes ahead of the competition reporting that Saudi Arabia oil cuts | Reuters News Agency – TodayHeadline TodayHeadline Saudi Arabia oil cuts | Reuters News Agency – Brent crude oil futures for May rose 40 cents, or 0.6%, to $68.30 a barrel by 0105 GMT, while U.S. West Texas Intermediate crude for April was up 48 cents, or 0.7%, at $64.92. LONDON (Reuters) - OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers … Oil prices jumped after Reuters reported based on three sources that the Organization of the Petroleum Exporting Countries, Russia and their allies, … [ March 8, 2021 ] Oil, travel stocks boost European shares By Reuters Stock News [ March 8, 2021 ] Dollar May Rise as Stimulus Boosts Yields, Pound Eyes Bailey Comments Forex News [ March 8, 2021 ] Japan stocks lower at close of trade; Nikkei 225 down 0.42% By Investing.com Stock News Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. That is up from a poll last month that … REUTERS: Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from … Oil & Gas Drilling Headlines UPDATE 7-Chevron vows to slow carbon emissions, raise oil output with modest spending Chevron Corp on Tuesday outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to … Oil prices rise on economic outlook, drawdown in fuel stocks. Oil futures settled higher on Friday on news of rising tensions between the Iran-backed Houthis political group in Yemen and Saudi Arabia. The Saudi Energy Minister confirmed the output cut plans an hour later. 7 days ago. Environment12 March 2021, 4:15 pm.