Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday that OPEC needs to ensure it does not crimp oil supply too tightly and give the market a harmful shock, and Continue Reading
‘Bit early to start celebrating’ amid OPEC differences: Lien Optimism of Saudis, Russians sent oil prices higher on Monday Norway, western Europe’s largest oil producer, said OPEC is still some 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
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
Brent crude hit one-year high on Saudi-Russia oil pledge Prices should be determined by supply and demand: IEA’s Birol Crude prices of $60 a barrel would probably trigger a strong Continue Reading
Freeze or cuts are ‘only proper decision’ for current market Russia calls on other oil exporters to also limit production Russia, the world’s largest energy exporter, is ready to join Continue Reading
