Oil prices were mixed Tuesday after a volatile session the day before triggered by hopes for a production freeze agreement from major producers. The November contract for global crude benchmark Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein Continue Reading
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on Continue Reading
Analysts skeptical that meaningful freeze deal can be reached Iran’s Rouhani says ‘vital’ to restore pre-sanctions output An international agreement to cap crude-oil output in a way that would restrict Continue Reading
Output accord probably won’t be reached at Algiers: Gunvor Iran moving closer to goal of pre-sanctions level production One of the world’s biggest commodities traders doubts oil producers will be Continue Reading
Oil supply and demand are rebalancing and the market may even have started drawing on the large overhang of crude and product stocks, top industry executives said during opening addresses Continue Reading
The oil market is still in a state of uncertainty — with a lot of major indicators (including crude prices) in rapid flux. And news this week shows that the Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran signalled on Tuesday it was prepared to work with Continue Reading
Rouhani Backs OPEC Efforts to Bring About Fair Crude Prices Iranian President met with OPEC chief in Tehran on Tuesday Iran’s President said he supports efforts by OPEC to stabilize Continue Reading
