Oil prices climb above $49 a barrel on Saudi-Russian output agreement
Oil prices climbed on Monday more than 3 percent after Saudi Arabia and Russia agreed to extend production cuts…
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oil production
IMF cuts Saudi Arabia growth forecast on lower oil output
The International Monetary Fund (IMF) has cut on Tuesday its growth outlook for Saudi Arabia on lower oil…
Oil prices climb as OPEC meets to persuade non-members to cut oil production
The Organization of Petroleum Exporting Countries (OPEC) will meet on Saturday non-OPEC nations in Vienna with the…
BREAKING: OPEC reaches agreement to cut oil production to 32.5 million barrels/day
OPEC has reached a deal amongst all 14 member countries to cut oil production to 32.5 million barrels a day for the…
OPEC oil production surge to record highs in September; says IEA
OPEC's oil production surged to record highs in September, a top energy watchdog said on Tuesday, underscoring the…
Russia’s Rosneft chief Sechin says no to OPEC oil cut or freeze
Igor Sechin, Russia's most influential oil executive and the head of Kremlin energy giant Rosneft, said his company…
Saudi Arabia-Iran rivalry the stumbling block for an oil deal, analysts say
Longstanding tensions between Middle Eastern rivals Saudi Arabia and Iran will hold OPEC back from an oil…
Kuwait Energy says heralds oil production from Al Jahra SE-1X in Egypt
Kuwait Energy plc (Kuwait Energy) announced Monday the start of oil production from Al Jahra SE-1X exploration well…
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,…
EGAS: Ongoing Talks with Foreign Firms to Boost Egypt’s Oil Production
State-run Egyptian Natural Gas Holding Company (EGAS) is negotiating with largest international firms in Egypt to…