Oil drops again, on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports…
Oil to rise again as Brazil, Iraq cut output
Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from…
OPEC gives way to more global oil output
As expected, the Organization of Petroleum Exporting Countries agreed Friday to maintain crude oil production at 30 million barrels a…
OPEC set to hold line on oil output
OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year’s shock market therapy…
Oil falls toward 65 dollars on signs of U.S. shale oil recovery
Oil slipped toward $65 a barrel on Monday as signs that U.S. shale oil production was recovering after a recent…
Marketwatch: OPEC loses influence on oil prices
The Organization of Petroleum Exporting Countries (OPEC), whose members control over 80% of the world’s oil reserves, fails to exert…
Russia may cut its oil output by 10%
Russia may see a natural decline in oil output by around 1 million barrels per day (bpd) at most but…
OPEC: 2015 demand to lowest level in a decade
The collapse in oil prices is starting to slow growth in U.S. output, the Organization of the Petroleum Exporting Countries…
Brent crude fell below 49 dollars per barrel
The price of a barrel of Brent crude oil fell below 49 dollars on Monday, for the first time since…
Russia counterstrikes OPEC, keeps oil production up in 2015
Russia, the world’s biggest energy exporter, does not plan to cut oil production to shore up prices, Rossiya 24 television…
Oil price: 60 USD, biggest drop of the past five years
Brent crude hit a fresh five-year low close to $60 a barrel on Monday after oil producer group OPEC restated…
OPEC oil price falls below 80 USD, to 4-year low
OPEC members’ average crude price fell below 80 USD for the first time in four years as Saudi Arabia and…
OPEC: Little oil output change in 2015
OPEC’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude…
WTI Crude Falls Below $80 for First Time Since June 2012
West Texas Intermediate crude fell below $80 a barrel for the first time since June 2012 amid speculation rising U.S.…
