Oil prices fell around 2 percent on Tuesday, extending losses from the previous session as concerns took hold that a six-week recovery may have petered out due to ongoing oversupply. Continue Reading
OPEC and non-OPEC producers will hold a meeting in the Qatari capital on April 17, the Qatari energy minister, who is also the current OPEC president, said on Wednesday. “This Continue Reading
A OPEC flag is seen during the presentation of OPEC’s 2013 World Oil Outlook in Vienna , November 7, 2013. Oil producers including Gulf OPEC members support holding a meeting Continue Reading
Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who can’t seem to agree on whether to cap output. Outages from Iraq and Continue Reading
A wave of new tanker construction and the prospect of tighter oil supplies are putting pressure on the booming business of shipping oil, a rare bright spot for the global Continue Reading
Russian oil producer Gazprom Neft said it was taking a stronger hold over reserves in the Kurdish north of Iraq by assuming control of the area’s Sarqala field. Gazprom Neft’s Continue Reading
The International Monetary Fund warned Algeria’s government that deep structural reforms are necessary to buffer against pressure from low oil prices. Algeria has the 10th-largest natural gas deposits in the Continue Reading
Moody’s Investors Service changed its outlook for Saudi Arabia’s banks to negative from stable on the expectation that bad loans will rise over the next 12 to 18 months because Continue Reading
After a year of plunging oil prices, all eyes were on Ibrahim Al-Assaf, Saudi Arabia’s finance minister for two decades, to deliver a budget that could restore confidence in the Continue Reading
State oil firm Nigerian National Petroleum Corp failed to remit Naira 3.2 trillion ($16.2 billion) in proceeds from the sale of crude oil into the government account in 2014, local Continue Reading
