Tue, May 30, 2017
U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.
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Fri, Mar 24, 2017
An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.
Fri, Feb 17, 2017
The organisation of petroleum exporting countries (OPEC) could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level.
Fri, Feb 10, 2017
The Organisation of the Petroleum Exporting Countries (OPEC) has delivered more than 90% of pledged oil output curbs in January whereby making a strong start to implementation of its first production cut in eight years.
Wed, Jan 18, 2017
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.
Tue, Oct 04, 2016
Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year has lent crude some support.
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