An agreement between oil producers to curtail their output could bring the market back into balance sooner than expected, but significant questions remain over how such a deal would be Continue Reading
Global oil supply could fall into line more quickly with demand if OPEC and Russia agree to a steep enough cut in production, but it is unclear how rapidly this Continue Reading
Head of Russian state oil firm Rosneft Igor Sechin attends a session of the St. Petersburg International Economic Forum 2016 (SPIEF 2016) in St. Petersburg, Russia, June 16, 2016. Igor Continue Reading
BP Chief Executive Robert Dudley said on Tuesday he expects global oil prices to stabilize at around $55-$70 per barrel for the rest of the decade. Dudley was speaking at Continue Reading
Goldman Sachs said a planned oil output cut by producer cartel OPEC and other exporters like Russia has become a “greater possibility”, but warned that any reduction likely won’t be Continue Reading
Group’s output likely to hover near record highs until Nov. OPEC has ‘effectively abandoned its free market policy’ Oil supply and demand could come back into balance earlier than expected Continue Reading
Rising output from Libya, Nigeria cuts odds of rebalancing IEA’s Birol says $60 oil will boost N. American production There may be a higher probability of an agreement to cut Continue Reading
An oil pump in the desert oil fields of Sakhir, Bahrain. OPEC has exempted Libya,… LONDON—OPEC pumped oil at record-high volume last month, the International Energy Agency said Tuesday, and Continue Reading
OPEC meeting Due to the slump in oil prices, OPEC producers have lost more than US$1 trillion in revenues over the past three years, OPEC Secretary General Mohammad Barkindo has Continue Reading
Saudi Arabia’s energy minister Khalid al-Falih said that he was optimistic major oil producers could agree to cut production by November and that it wasn’t “unthinkable” that crude prices could Continue Reading
