Russia’s history of working with OPEC to cut oil production is awful
Prices for oil have surged over the past four trading sessions in a row, partially fueled by comments from Russia,…
Browsing Tag
crude oil
Crude oil extends gains after surge on short-covering, cold spell
Crude oil futures extended gains Monday following a surge at the end of last week on short-covering and fuel demand…
Oil falls to $37, near 11-year low, as excess supply weighs
Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that…
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Oil prices weak as demand seen sagging toward year-end
Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for…
Oil up as Russia ready to talk with producers, U.S. rig count drops
Crude oil futures rose on Monday after Russia said it was ready to meet other producers to discuss the situation in…
General Petroleum ups oil equivalent production to 78,000/day
General Petroleum Company, a fully-owned affiliate of the state-run Egyptian General Petroleum Corporation (EGPC)…
Oil near six-and-a-half-year lows as China economy fears linger
Crude oil futures edged up on Wednesday, but were still not far off 6-1/2 year lows after China's central bank…
Oil down, heads for 6th weekly Loss on Gasoline Glut
Crude oil dipped on Friday, plumbing multi-month lows and heading for a sixth straight week of losses, as the…
Oil steady; U.S. Crude below $50 as Stocks rise
Oil prices steadied on Thursday after a weaker dollar helped offset the negative impact of rising U.S. stockpiles,…
