Russia must continue work with some other leading oil producers on freezing their crude output at the level of January, tentatively agreed in Doha last month, in order to stabilize Continue Reading
Russia in February pumped oil at the same rate in January of 10.88 million barrels per day (bpd), an almost 30-year high, after some leading producer countries struck a preliminary Continue Reading
A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. Oil prices Continue Reading
Oil prices rose Monday on signs that U.S. drilling activity is hitting new lows, though new federal data showed that declines in U.S. oil production slowed in December. Despite plummeting Continue Reading
Brent crude futures edged up on Monday after already making up ground last week as indications mounted of the market bottoming out, but analysts warned that downward risk remained and Continue Reading
World oil prices are controlled by the amount of crude oil stored at Cushing, Oklahoma. That’s because Cushing is the pricing point for WTI (West Texas Intermediate) oil prices, the Continue Reading
Up to 50 oil tankers are waiting to unload cargo in the port of Rotterdam, the highest number since 2009 and another sign that, amid a glut, crude is struggling Continue Reading
Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States. Crude oil production in Iraq, including fields in the Kurdistan Region Continue Reading
People attend a protest against forces loyal to Syria’s President Bashar al-Assad, Russia and the Syrian Democratic forces, in Tariq al-Bab neighbourhood of Aleppo, Syria, February 29, 2016. A senior Continue Reading
OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on Monday, due to a halt in Iraq’s northern exports and Continue Reading
