Organization Of Petroleum-Exporting Countries

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Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia speaks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)

Oil producers join forces and cut production again

By ANTHONY MILLS and KIYOKO METZLER and DAVID RISING - Associated Press

People stand in front of the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria, Wednesday, Dec. 5, 2018. (AP Photo/Ronald Zak)

OPEC expected to cut oil production to support price

By Kiyoko Metzler and Carlo Piovano - Associated Press

People stand in front of the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria, Wednesday, Dec. 5, 2018. (AP Photo/Ronald Zak)

The Latest: OPEC output decision delayed until Russia talks

Associated Press

FILE - This April 4, 2009, file photo, shows a gas production facility at Ras Laffan, Qatar. The tiny, energy-rich Arab nation of Qatar announced on Monday, Dec. 3, 2018 it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha. (AP Photos/Maneesh Bakshi, File)

Oil prices perk up on trade truce, possible OPEC decision

By DAVID KOENIG - Associated Press

This undated file photo shows a Qatari liquid natural gas (LNG) tanker ship being loaded up with LNG at Raslaffans Sea Port, northern Qatar. The tiny, energy-rich Arab nation of Qatar announced on Monday, Dec. 3, 2018 it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha. (AP Photo, File)

Qatar will pull out of OPEC amid tension with Saudi Arabia

By Jon Gambrell - Associated Press

UAE Energy Minister Suhail al-Mazrouei, left, talks to Khalid Al-Falih, Saudi Energy and Oil Minister, in the opening ceremony of the Abu Dhabi International Exhibition &amp; Conference, ADIPEC, in Abu Dhabi, United Arab Emirates, Monday, Nov. 12, 2018. OPEC and allied oil-producing countries likely need to cut crude supplies to rebalance the market after proposed U.S. sanctions on Iran failed to cut Tehran's ouput, top Saudi and Emirati energy officials said Monday. (AP Photo/Kamran Jebreili)

Abu Dhabi summit: Oil production cuts may be necessary

By JON GAMBRELL - Associated Press

A man cycles past in front of electronic stock board of a securities firm in Tokyo, Tuesday, Sept. 25, 2018. Asian stock markets were mostly lower Tuesday after a Chinese government report accusing the Trump administration of bullying other countries dampened hopes for a settlement in their escalating tariff war. (AP Photo/Koji Sasahara)

Global stocks turn higher, price of oil keeps rising

By JOE McDONALD - Associated Press

FILE- This Dec. 21, 2016, file photo shows the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 24, 2018. (AP Photo/Mark Lennihan, File)

Markets Right Now: Stocks sink as China said to rebuff talks

Associated Press

A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, Sept. 24, 2018. Shares have fallen in Asia after China rebuffed a plan for talks with the U.S. on resolving their dispute over trade and technology. Shares fell in Hong Kong, India and Australia, while markets in Japan, South Korea and elsewhere were closed Monday for national holidays. The slow start to the week followed a mixed close Friday on Wall Street, where an afternoon sell-off erased modest gains for the S&amp;P 500 that had the benchmark index on track to eke out its own record high for much of the day.(AP Photo/Vincent Yu)

World stocks fall on reports China-US trade talks put off

By ELAINE KURTENBACH - Associated Press

Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, right, and Mohammed Sanusi Barkindo, OPEC Secretary-General, left, speak during OPEC's 10th meeting of the Joint Ministerial Committee to monitor the oil production reduction agreement of the Organization of the Petroleum Exporting Countries, OPEC, and non-OPEC members, in Algiers, Algeria, Sunday, Sept. 23, 2018. (AP Photo/Anis Belghoul)

OPEC, allies agree not to further increase oil production

Associated Press

An investor sits in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, Sept. 20, 2018. Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods received a muted reaction on Wall Street. (AP Photo/Yam G-Jun)

Stocks up despite trade dispute, oil drops on Trump threat

By ANNABELLE LIANG - Associated Press

In this Tuesday, Nov. 1, 2016, file photo, Leon Balagula changes the price for the gasoline at his Sunoco station in the early morning, in Fort Lee, N.J. (AP Photo/Seth Wenig, File)

Donald Trump to OPEC: Lower oil prices now

By Gabriella Muñoz - The Washington Times

OPEC Secretary-General Mohammed Sanusi Barkindo speaks at an event in Fujairah, United Arab Emirates, Tuesday, Sept. 18, 2018. The head of OPEC said that the oil cartel must stick together for the good of the global economy amid Iran facing renewed U.S. sanctions. (AP Photo/Jon Gambrell)

OPEC chief: Cartel must stay together as US sanctions Iran

By JON GAMBRELL - Associated Press

In this Jan. 22, 2014, file photo, a partially constructed gas refinery at the South Pars gas field is seen on the northern coast of Persian Gulf in Asalouyeh, Iran. Iran likely will further embrace Beijing as an alternative market for its crude oil and financial transactions amid uncertainty over the nuclear deal. That doesn’t mean China offers a safe haven to Iran without conditions. Analysts say Beijing will try to extract the maximum benefit, and there is growing concern that China may take advantage of Iran. (AP Photo/Vahid Salemi, File)

Iran accuses Russia and Saudi Arabia of taking the world’s crude oil market ‘hostage’

By Dan Boylan - The Washington Times

Russian Minister of Energy Alexander Novak, Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei, from left, attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Saturday, June 23, 2018. (AP Photo/Ronald Zak)

Iran blames rising oil prices on Trump tweets

By Dan Boylan - The Washington Times

Iranian President Hassan Rouhani, right, arrives at the Zurich airport, in Kloten, Switzerland. Monday, July 2, 2018. Hassan Rouhani is on a two-day state visit to Switzerland. (KEYSTONE/Walter Bieri)

Iran issues oil warning as UAE says production can rise

By NASSER KARIMI and JON GAMBRELL - Associated Press

FILE - In this April 6, 2018 file photo, a former farmer works at a primitive refinery as he makes crude oil into diesel and other products, in Rmeilan, Hassakeh province, Syria. Ministers from the Organization of the Petroleum Exporting Countries and non-OPEC nations led by Russia meet in Vienna on Friday, June 22 and Saturday, June 23. (AP Photo/Hussein Malla, File)

OPEC enters meeting that could set direction of oil prices

By DAVID KOENIG - Associated Press

Markets Right Now: Energy, tech lead stock gains

By The Associated Press - Associated Press

Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco, speaks during CERAWeek, Tuesday, March 7, 2017, in Houston. (Melissa Phillip/Houston Chronicle via AP)

Saudi energy minister keeping close eye on US oil producers

By DAVID KOENIG - Associated Press

ADVANCE FOR SUNDAY, DEC. 25, 2016- In this Friday, Dec. 16, 2016 photo, prospects for employment in the oil field are beginning to have positive signs as indicated by this hiring sign in front of the Halliburton facility in Odessa, Texas. (Mark Sterkel/Odessa American via AP)

Company leaders expect strong 2017 for West Texas oil

By COREY PAUL - Associated Press