Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing…
Iran: U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American…
US oil exports could exceed 2017 production by four members of OPEC
US oil exports could exceed 2017 production by four members of the Organisation of Petroleum Exporting Countries (OPEC). American analysts…
Ministers laud strong start to OPEC, non-OPEC oil output cuts
OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in…
Big Oil back on the acquisition trail as outlook brightens
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and…
China’s oil collapse is unintentionally helping OPEC
China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016,…
The Siberian winter helps Russia comply with OPEC cuts
Russia cut 100,000 bpd of its crude oil production as early as in the first few days of the New…
Ellen Wald: 2017 energy outlook – 4 must-follow focuses for investors
There are four important focuses for investors this year, writes Ellen R. Wald for Forbes. First of all, investors should…
Oil tops $55 for first time in 16 months
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects…
Oil price increases by 8% after OPEC’s decision to cut output
Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to reduce production for the first time since the financial crisis…
Oil at near three-month lows as gloom grows over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…
IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating…
Russia says oil output freeze effective for markets stabilization
Cooperation between the Organization of Petroleum Exporting Countries and Russia intensifies amid discussions on how Moscow could manage to support…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…