Thursday 27 November 2014
 
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Opec

Opec leaves output unchanged; oil down $3

Gulf oil producers led by Saudi Arabia on Thursday won the case for keeping Opec output unchanged, overriding calls from poorer members of the exporters' group for action to halt a slide in crude prices. Benchmark Brent crude

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Weak oil depresses assets in Russia, Middle East

Oil's lurch to a new four-year low on Thursday sent growing tremors through the financial markets of Russia and energy-reliant economies in the Middle East. As expectations waned that producing countries will take meaningful a

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Weak oil depresses assets in Russia, Middle East

Oil's lurch to a new four-year low on Thursday sent growing tremors through the financial markets of Russia and energy-reliant economies in the Middle East. As expectations waned that producing countries will take meaningful a

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Oil hits 4-year lows as Opec output cut looks unlikely

Oil prices fell to four-year lows on Thursday as it appeared unlikely producer club Opec would decide to cut output in support of prices at a meeting this week, and as increasing Chinese and US stocks boosted available supplies. T

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Saudi, UAE signal no push for Opec oil cut

Opec leader Saudi Arabia and fellow member, the UAE signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have collapsed by a third since June.

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Some Opec members want to battle for market share: Iran

Iranian Oil Minister Bijan Zangeneh said some Opec members, but not Iran itself, believed it was time to defend market share in the face of growing supplies from non-Opec nations.   He made the commen

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Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi

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Oil drops near $78 as Opec hopes curb losses

Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club Opec curbed losses Benchmark Brent crude oil futures were trading down 20 cents at $78.13 a bar

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Sechin to meet Opec as Saudis keep market guessing

Russia's most powerful oil official, Igor Sechin, was due in Vienna for talks with Opec members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices.  

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Opec – to cut or not to cut, that is the question

Will Opec go for a quick fix and worry about the future later or will it pass the challenge to US producers by allowing the price to remain low or go even lower? These are the questions that the market will be looking for answers to this Thursda

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