Oil Prices Rise on Libya Unrest
Oil prices edged higher Monday after fighting engulfed Libya’s key Eastern crude-oil ports over the weekend. Brent crude for November delivery rose 1.14% to $46.28 a barrel on London’s ICE Continue Reading
Oil up as Venezuela sees output deal, Libya suffers clashes
Oil prices rose in Asian trade on Monday after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal and as clashes in Libya raised Continue Reading
Oil Investors Flee as OPEC Freeze Hopes Face Supply Reality
Speculators cut bets on both lower and higher WTI prices: CFTC OPEC, other crude exporters to meet in Algiers on Sept. 27 Oil speculators headed for the sidelines as OPEC Continue Reading
Can OPEC Remain the Ultimate Energy Superpower?
The 2016 OPEC (Organization of the Petroleum Exporting Countries) meeting in Algiers later this month has received undue importance from market analysts hoping that Kingdom of Saudi Arabia and non-OPEC Continue Reading
Iran supports any move to stabilize oil market: Rouhani
Iranian flags are seen at a petrol station in Tehran, Iran, January 25, 2016. Iran’s President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and Continue Reading
Oil Prices Drop as Attention Turns Toward Glut in Stocks
Oil prices fell Friday as markets focused on the glut in oil stocks after the shutdown of the Colonial Pipeline, which transports 1.2 million barrels of gasoline a day in Continue Reading
Oil prices drop as growing supplies stoke glut concerns
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. Oil prices fell more than 1 percent on Continue Reading
Oil Down As Glut Fears Return
Oil prices fell on Friday as the IEA downgraded its projections for oil demand, dashing hopes that oil markets would rebalance this year. Oil prices posted another down week after Continue Reading
Why OPEC Will Put The Brakes On At $60 Oil
OPEC says a price near $60 will avoid added shale production Recently renewed talks of a production freeze among OPEC and some non-OPEC producers including Russia have helped to bolster Continue Reading
Oil Set for Weekly Drop as Resilient Supply Seen Sustaining Glut
Libya, Nigeria plan higher output; IEA sees glut persisting All 14 OPEC members are said to be attending Algiers meeting Oil headed for a weekly loss on speculation a global Continue Reading