Oil prices pulled back Tuesday after the monthly report from the Paris-based International Energy Agency said global supplies rose in September. The December contract for global crude benchmark Brent was Continue Reading
With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday). As the spotlight swings onto 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
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
Crude prices hit a one-year high Monday after Russian President Vladimir Putin came out in support of international efforts to limit production, raising hopes for coordinated action to bring world Continue Reading
Oil rose to its highest level in a year after Russian president Vladimir Putin said that he backed efforts for a production cap in the clearest sign yet that the Continue Reading
Bets on rising WTI price reach highest level since 2014: CFTC OPEC agreed on Sept. 28 to first production cut in eight years OPEC’s first deal to cut output in 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
Non-OPEC producers showing willingness to cooperate: Al-Falih Oil-market shift prompting nations to do something different The oil-price could recover to $60 a barrel by the end of 2016, said Saudi Continue Reading
