Oil surges on Tuesday’s opening
Oil surged on Tuesday as China's economy outpaced expectations and tensions escalated in the Middle East.
Browsing Tag
Organization of the Petroleum Exporting Countries
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
OPEC to extend oil production curbs as meeting starts in Vienna
Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies in Vienna, the…
Russian energy minister: Compliance for OPEC production cut is ‘almost 100%’
The Organization of the Petroleum Exporting Countries (OPEC) has basically fully implemented an oil production cut,…
OPEC just created a big opportunity for US oil firms: Exports to Asia
OPEC's last week agreement to cut oil production will be creating an opportunity for U.S. oil producers to get…
Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the…
Saudi energy minister Khalid al-Falih: Oil market will balance without output cuts
Saudi Arabia's energy minister Khalid al-Falih revealed Sunday that he believed the oil market would balance itself…
US oil settles at $43.41 a barrel, down $1.25, or 2.80%
Oil prices tumbled more than 2.5 percent on Friday after OPEC said October output reached another record, casting…
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…
Oil prices fall but stay near 1-year highs on expected output cut
Oil prices dropped Tuesday but held near one-year highs touched on growing expectations of an output cut by OPEC…
Oil prices drop over doubts that non-OPEC producers will cut output
Oil prices dropped Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that…
Iran says to cooperate with OPEC to stabilise the oil market: IRNA
Iran's oil minister said Friday that Tehran would cooperate with Organization of the Petroleum Exporting Countries…
Morgan Stanley throws cold water on hints of any OPEC freeze deal
Energy investors got all excited last week on hints of a freeze deal among major oil producers, but anyone hoping…
Oil rises on new output freeze calls, but traders bet on further falls
Oil prices rose on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum…
European stocks slightly lower with ECB, OPEC meetings on deck
European stocks inched lower Thursday as investors waited to hear about monetary policy from the European Central…
U.S. crude rises to premium over Brent as exports loom
U.S. crude prices briefly rose to a premium over internationally traded Brent on Wednesday following a report of a…
Oil Prices stabilize, Firm demand Counters oversupply
Crude oil prices stabilized on Tuesday due to firm demand after dipping in early trade on expectations that OPEC…
OPEC sees Oil Price below $100 a barrel in the next Decade
The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 barrel…
Crude Oil Futures retreat from 2015 highs
Crude-oil futures dropped Thursday after a price gain of nearly 6% a day earlier lifted prices to their highest…
US Oil-Supply Boom to end in 2015: OPEC
The booming growth in U.S. oil supplies is likely to end in 2015, the Organization of the Petroleum Exporting…
Oil falls more than 1% on Strong Dollar, Supply Concerns
Oil dropped more than 1 percent on Monday, with Brent slipping below $62 a barrel, depressed by a stronger dollar…
Brent Rebounds above $71 in Turbulent Oil Market
Brent rose to $71 a barrel on Wednesday, recovering some of its losses from the previous session as a turbulent…
Oil Price Drop, Iran Sanctions, Election: OPEC’s June 14 Top Agenda
Members of the Organization of the Petroleum Exporting Countries will hold their first meeting of the year on…