Russia Committed to Oil Production Cut
Russia’s energy minister said Monday the nation is gradually reducing its oil production in line with an agreement reached with OPEC late last year and should be fully compliant by Continue Reading
Oil prices fall on doubts over Russian output curbs
Oil prices slipped in Asian trade on Monday, wiping out some of the gains of the previous session amid ongoing concern over Russia’s compliance with a global deal to cut Continue Reading
Oil Seen Stuck in Mid-$50s Range
Oil prices may have found their new normal, for now. Analysts forecast that crude will remain stuck in its current tight-trading range in the mid-$50s a barrel until at least Continue Reading
Investors Start Doubting Oil Rally After Failure to Top $55
The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest. After hitting a record high last week, hedge funds reduced Continue Reading
Inventories are responding to OPEC cuts: secretary general
Oil inventories onshore and offshore are responding to production cuts implemented by OPEC, the secretary general of the organization, Mohammad Barkindo, said on Sunday. OPEC-led production cuts have helped raise Continue Reading
Is A Second OPEC Cut On The Cards?
OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced Continue Reading
Libya’s Biggest Oil Port Seized in Blow to Production Surge
Libya’s biggest oil port was seized by an armed group, dealing a blow to the North African country as it seeks to revive production of its most important commodity. Brent Continue Reading
Libya Oil Output Falls as Fresh Clashes Force Ports to Shut
Libya’s crude output dropped after clashes forced two of the country’s biggest oil ports to shut down, threatening the OPEC member’s efforts to revive the production of its most important Continue Reading
China Softens Coal Focus in Bid to Clean Up Its Skies
China’s government pledged to dramatically slow a coal-power building binge that is threatening its environment, saying Sunday it would shut down dozens of coal-power plants and stop some new construction. Continue Reading
Electric cars: China’s battle for the battery market
The headquarters of CATL, China’s fastest growing battery maker, lie on the edge of the city of Ningde, a stone’s throw from ponds where farmers raise carp and a street Continue Reading