 |
Oil markets ‘need to extend output cut deal’Oil markets need to extend the crude oil production cut deal to ensure market stability and reasonable prices, said Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry. He noted that reaching an agreem More… |
 |
Saudi Arabia shows its ability to move oil marketsSaudi Arabia demonstrated its ability to move oil markets last week with Brent crossing $50 following comments by Oil Minister Khalid Al-Falih that the kingdom was "ready to take action", said a leading analyst. Followin More… |
 |
Oil market rattled by deadly Brussels blastsOil prices seesawed on Tuesday, rattled by investor nervousness after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold. A suicide bomber blew himself up at Brussels airport on Tuesday ki More… |
 |
Oil off 2015 highs as Opec ‘won’t cut output’Oil prices fell on Thursday after hitting 2015 highs in the previous session as an Opec delegate indicated the group would stick to its strategy of pursuing market share rather than cutting output and traders took profit from a multi-week rally. More… |
 |
Saudi Arabia’s Al-Naimi expects oil market to balanceSaudi Arabian Oil Minister Ali Al-Naimi said on Wednesday he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilize. In a speech, he said his country was committed to helpin More… |
 |
Opec output rises in January as members stand firmOpec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices. More… |
 |
Opec output drops in Nov as Libyan recovery faltersOpec's oil supply in November fell by 340,000 barrels per day (bpd) as a recovery in Libya faltered, a Reuters survey found, although a lack of deliberate cutbacks by Saudi Arabia and other key members underlines their focus on defending mar More… |
 |
Opec 'is aiming to halt shale oil rise'Markets on Friday hesitated to follow the slide in crude prices after Opec decided not to cut oil production to counter burgeoning shale energy but causing some deep side effects, economists said. With their precious oil income sl More… |
 |
Opec keeps oil markets guessing on output moveOil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27, when members will consider whether to cut output to shore up prices. Opec members Iran and Venezuel More… |
 |
IEA sees great pressure on oil marketsHigher demand and reduced spare Opec capacity will leave oil markets under greater strain between now and 2012 than previously thought, the International Energy Agency said in its latest report. The IEA, adviser to 28 industrialised countr More… |
