Oil prices on Friday stayed near three-year highs reached earlier this week, with ongoing OPEC-led supply cuts and strong demand gradually drawing down excess supplies. Brent crude oil futures LCOc1 Continue Reading
As oil prices have soared, hedge funds and other big investors have amassed a record number of bullish bets on crude, putting the market at risk of a swift fall Continue Reading
Crude futures prices rose to fresh three-year highs on Thursday, as a sharp stock draw in the US and signals that OPEC could continue production cuts into next year continued Continue Reading
Oil prices reached highs last seen at the end of 2014 early on Thursday, with WTI Crude trading just below $70 a barrel after another drop in U.S. inventories and Continue Reading
Crude oil prices continued their rally to test multi-year highs Thursday amid signs of higher demand, despite concerns about future economic growth. Crude oil prices rallied more than 3 percent Continue Reading
Behind the scenes, Saudi officials are eyeing $100 per barrel as a goal, which would help plug a chronic fiscal deficit, but more importantly, it would inflate the value of Continue Reading
A meeting of the Joint Technical Committee (JTC) of the OPEC and non-OPEC oil producers part of the supply-cut pact found on Thursday that oil inventories in developed economies had Continue Reading
A joint OPEC and non-OPEC ministerial committee established to monitor compliance with a global supply cut agreement plans to meet again in Algeria in late September, sources said on Friday. Continue Reading
The oil production cuts and healthy oil demand growth have helped the global inventory surplus to nearly vanish and it certainly looks very much like OPEC and allies have a Continue Reading
Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil Continue Reading
